196-198 Canterbury Road
Heathmont, VIC 3135

Overview

Sip, Savour & Secure!

This premium retail investment opportunity is located in the heart of the highly regarded and tightly held Heathmont Village Shopping Centre, offering a secure and income-generating asset for discerning investors.

Strategically positioned along the vibrant Canterbury Road, the property benefits from prominent main road frontage, providing exceptional exposure to strong local foot traffic and surrounding established retailers. This location is part of a thriving eastern suburbs retail precinct with ongoing demand, making it an attractive and stable investment.

The commercial holding is leased to a well-established and popular local operator, ensuring both stability and long-term tenant appeal. The lease has been newly renewed for a 5-year term, underpinning a robust and reliable net income of $95,524.16 per annum. This income stream is further enhanced by fixed 3% annual increases, providing predictable growth and income certainty.

Investment highlights include:

• Blue-chip retail asset within the tightly held Heathmont Village Shopping Centre
• Securely leased to a proven, high-performing tenant
• Renewed 5-year lease providing long-term income certainty
• Strong net return of $95,524.16 per annum
• Fixed 3% annual rental increases
• Building area approximately 257 square meters
• Land area approximately 286 square meters
• Prominent main road frontage with exceptional exposure
• Surrounded by established retailers and strong local foot traffic
• Located in a thriving eastern suburbs retail precinct with ongoing demand

This rare opportunity offers a set-and-forget investment in one of Heathmont's most tightly held retail pockets, combining dependable income with future upside potential. It is ideal for investors seeking security, quality, and growth in a premium retail precinct.

Interested parties are encouraged to enquire to secure their position in this sought-after retail location.

Location