Mixed-use Property

2/385 Mt Alexander Road

Ascot Vale VIC 3032, Australia

2 Bedrooms

1 Bathrooms

1 Parking

247 m² Land size

- Internal area

About this property

Unit 2 at 385‑387 Mt Alexander Road in Ascot Vale is a two‑bedroom, one‑bathroom residential unit positioned on the upper floor of a mixed‑use building. The apartment features a gas‑cooked kitchen, ducted heating, a rear porch, separate laundry and an allocated car space. It is currently leased with weekly rent reported between $370 and $420.

The building’s ground floor hosts several restaurants, including Hot Chilli Thai, Viet Unique and Nami Ascot Izakaya, providing a lively café strip for residents. estimates the market value of the unit at approximately $741,000. Management is handled by Moonee Valley Real Estate, and the location benefits from close tram connections and nearby schools

Key details

Locality: Ascot Vale
State: VIC
Coordinates: 37.77486818 / 144.92779203
GNAF PID: GAVIC410766715
Legal parcel ID: 1\LP63405
Property type: Mixed Use
Unit land size: 247 m²
Unit internal area: -
Mobile coverage: 5G mobile coverage
Land Use Category: Mixed Use

Commercial property information

Hot Chilli Thai Restaurant

Restaurant

Food & Drink Restaurant

Verified at this address

Listed at 385 Mt Alexander Rd, same building base address.

Search ABN on Scoutize

Viet Unique

Restaurant

Food & Drink Restaurant

Verified at this address

Vietnamese restaurant operating at 385 Mt Alexander Rd.

Search ABN on Scoutize

Nami Ascot Izakaya

Restaurant

Food & Drink Restaurant

Verified at this address

Japanese‑style izakaya listed at 385 Mt Alexander Rd.

Search ABN on Scoutize

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent

$574

Expected property value

$741,000

Estimated yield

4.03%

Confidence

High

Based on the comparable property evidence currently available.

Property insights

Building profile

Unit 2 at 385‑387 Mt Alexander Road, Ascot Vale is a 2‑bedroom, 1‑bathroom residential apartment accessed via Sabato Lane Bathrooms Moonee Valley Real Estate
Subdivision activity: Ground floor hosts Hot Chilli Thai, Viet Unique and Nami Ascot Izakaya; residential unit accessed via rear lane

Property Features

Rear porch Bathrooms Moonee Valley Real Estate
Gas cooktop in kitchen
Separate laundry
Ducted heating throughout
Multi-tenant address hosting Hot Chilli Thai Restaurant, Viet Unique, and Nami Ascot Izakaya
Mixed‑use building with popular street‑level restaurants: Ground floor hosts Hot Chilli Thai, Viet Unique and Nami Ascot Izakaya; residential unit accessed via rear lane
Car spaces: 1

Recorded sales and leasing agents

Recorded sale agency: Moonee Valley Real Estate 151 Military Rd, Avondale Heights, VIC Moonee valley real estate page

Area insights

The surrounding precinct places day-to-day amenities within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic

Warrick St/Mt Alexander Rd tram stop; 0.1 km away
Maribyrnong Rd/Mt Alexander Rd tram stop; 0.2 km away
Middle St/Mt Alexander Rd tram stop; 0.3 km away
Essendon tram depot tram depot in metropolitan Melbourne, Victoria, Australia; 0.5 km away
Warrick St/Mt Alexander Rd (Ascot Vale) tram stop in Melbourne, Australia; 0.1 km away

Read suburb profile

Real Estate Agencies

Ordered by:

Nelson Alexander - Ascot Vale

1.0 km

216 Union Road, Ascot Vale, VIC 3032

Jellis Craig - Kensington

1.6 km

291 Racecourse Road, Kensington, VIC 3031

Jellis Craig - Moonee Valley

3.3 km

Level 1, 1070 Mt Alexander Road, Essendon, VIC 3040

Barry Plant - Essendon

2.3 km

877 Mt Alexander Road, Essendon, VIC 3040

VICPROP - BRUNSWICK & RESERVOIR

3.8 km

2/22-30 Lygon Street, Brunswick, VIC 3056

Jas Stephens Real Estate

5.5 km

104 Somerville Road, Yarraville, VIC 3013

WHITEFOX Northside - CARLTON

4.5 km

332 Drummond Street, Carlton, VIC 3053

Woodards - Essendon

3.6 km

1126 Mt Alexander Road, Essendon, VIC 3040

VICPROP ST ALBANS & SUNSHINE

11.6 km

308 MAIN ROAD EAST, St Albans, VIC 3021

McDonald Upton - ESSENDON

3.6 km

1112 Mt Alexander Road, Essendon, VIC 3040

Ray White - Pascoe Vale

4.3 km

414 Bell Street, Pascoe Vale South, VIC 3044

Barry Plant Inner City Group - Brunswick & Coburg

4.6 km

341-345 Sydney Road, Coburg, VIC 3058

Woodards - Ascot Vale

0.4 km

226 Union Road, Ascot Vale, VIC 3032

Professionals - Taylors Lakes

13.9 km

Shop 27 Taylors Lakes Shopping Centre, 3 Melton Highway, Taylors Lakes, VIC 3038

Little Real Estate - HAWTHORN

12.8 km

Suite 8/26-28 Hall Street, Hawthorn East, VIC 3123

Belle Property - Ascot Vale

0.4 km

241 Union Road, Ascot Vale, VIC 3032

White Knight Estate Agents

15.2 km

Office 118A/118-120 Westwood Drive, Burnside, VIC 3023

Moonee Valley Real Estate - Avondale Heights

6.1 km

151 Military Rd, Avondale Heights, VIC 3034

MATTHEWS. - MOONEE VALLEY

0.9 km

1/3-7 Puckle Street, Moonee Ponds, VIC 3039

First National Avant - MELBOURNE

5.7 km

Level 31, 120 Collins Street, Melbourne, VIC 3000

Love & Co

8.9 km

Ivanhoe, Preston, Thornbury, Reservoir, VIC 3073

Pagan Real Estate - TRAVANCORE

1.4 km

8 Mt Alexander Road, Travancore, VIC 3032

Frank Dowling Real Estate - Essendon

3.5 km

1047 Mt. Alexander Rd., Essendon, VIC 3040

McGrath - IVANHOE

10.5 km

115 Upper Heidelberg Road, Ivanhoe, VIC 3079

* Approximate straight-line distances

Nearby schools

Type:

Ordered by:

Ascot Vale Primary School

0.1 km

Primary school | Government

Ascot Vale Heights School

0.5 km

Special school | Government

Mount Alexander 7-12 College

1.0 km

Secondary school | Government

St Brendan's School

1.1 km

Primary school | Catholic

Debney Meadows Primary School

1.4 km

Primary school | Government

Flemington Primary School

1.4 km

Primary school | Government

Moonee Ponds Primary School

1.4 km

Primary school | Government

St Mary's Primary School

1.5 km

Primary school | Catholic

Brunswick South West Primary School

1.5 km

Primary school | Government

Kensington Community High School

1.5 km

Secondary school | Government

Parkville College

1.5 km

Special school | Government

Ascot Vale West Primary School

1.6 km

Primary school | Government

St Monica's Primary School

1.7 km

Primary school | Independent

Lowther Hall Anglican Grammar School

2.0 km

Combined school | Independent

St Columba's College Ltd

2.2 km

Secondary school | Catholic

St Aloysius College

2.4 km

Secondary school | Independent

Brunswick Secondary College

2.4 km

Secondary school | Government

Sydney Road Community School

3.1 km

Secondary school | Government

Essendon Keilor College - Niddrie Campus

3.1 km

Secondary school | Government

Ave Maria College

3.3 km

Secondary school | Independent

* Approximate straight-line distances

Frequently asked questions

How many bedrooms, bathrooms, parking spaces, or other key details are listed?

2/385 Mt Alexander Road is described with 2 bedrooms, 1 bathroom, 1 parking space, land size of 247 m²

Which primary school is closest to the property?

Ascot Vale Primary School is the nearest primary school, approximately 0.16 km from the address

What is the population of Ascot Vale?

Ascot Vale had a population of 15,197 at the 2021 census

Which tram stop is closest to 2/385 Mt Alexander Road?

The nearest tram stop is Warrick St/Mt Alexander Rd, located about 0.1 km away

What kind of property is this?

2/385 Mt Alexander Road is listed as Mixed Use in Ascot Vale, VIC

What Calculated market estimate or Estimated weekly rent is available?

The calculated market estimate is $741,000, the calculated weekly rent is $574 per week, and the indicative gross yield is 4.03%

What utilities, overlays, or risk details are noted?

Utilities and overlays include mobile coverage of 5G mobile coverage

What features are highlighted?

Rear porch. Gas cooktop in kitchen. Separate laundry

Related profiles

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Root property

385 Mt Alexander Road

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Suburb profile

Ascot Vale

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Street profile

Mt Alexander Road

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