Established florist ‘Flowers of Heaven’ has been bunched with an upstairs apartment and rear house as part of a divine arrangement.
They spread across two titles at 1093-1095 Sydney Rd, Coburg North and are all leased to separate tenants.
The entire package is up for sale for $1.3-$1.4 million.
Fitzroys director Chris Kombi said the florist was well known in the area and leveraged from the nearby Fawkner Cemetery.
He said the properties were ideally positioned for investors who sought multiple income streams.
“If you are buying this you get the whole package,” Mr Kombi said.
“You can separately lease the properties or occupy them when lease expires.
“It really ticks all of the boxes.”
Flowers of Heaven has a five year lease in place, while the apartment and house are leased for two years.
Mr Kombi said the vendors were private investors looking to reposition their assets.
“There is a real mix of people looking,” Mr Kombi said.
“First-timers are looking at the house and thinking this might be something different and commercial buyers are attracted to the versatility and future upside.
“Although the land can be developed, it is mostly passive investors looking for a good rental return.
“It is the ideal investment opportunity.”
No. 1093 Sydney Rd last sold for $900,000 in December 2014, according to CoreLogic.
It was being rented for $165 per week from March 2017.