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Overview
FULLY LEASED INVESTMENT ON SIGNIFICANT 1,680SQM* LANDHOLDING
The Red Hill Village Shopping Centre, located at 137 Shoreham Road, Red Hill, presents a rare and strategic commercial investment opportunity. This property is a fully leased freehold investment comprising seven separately-titled retail shops, offering a stable income stream and significant potential for future development, subject to council approval.
Situated on a substantial land parcel of approximately 1,680 square meters, the site benefits from a Commercial 1 zoning, which provides scope for redevelopment or expansion. The combined building area totals approximately 576 square meters, featuring substantial improvements that support the existing retail operations.
The property is fully leased, generating a net income of $190,322 per annum plus GST, underpinned by multiple income streams from the various retail tenants. This makes it an attractive investment for those seeking a secure and income-producing asset in a sought-after location.
Located within the tightly held Red Hill lifestyle precinct, the shopping centre is anchored by well-known local businesses including the Red Hill Cellar & Pantry, The Epicurean, Australia Post, Endota Spa, and Red Hill Pharmacy. This vibrant village setting is highly accessible and benefits from significant council-provided car parking, enhancing convenience for both tenants and customers.
The Mornington Peninsula is renowned as one of Melbourne's premier holiday and tourist destinations, famous for its beautiful beaches, vineyards, and estates such as Pt Leo Estate, Montalto, and Paringa Estate. The area attracts approximately 8 million visitors annually, supporting a wide catchment area that includes Red Hill, Balnarring, Merricks, Main Ridge, Sorrento, and Portsea.
This property offers strong potential for value-add initiatives or future development opportunities, subject to council approval. Its strategic location and multiple income streams make it a compelling proposition for investors looking to capitalize on the Mornington Peninsula's thriving retail and tourism sectors.
Overall, the Red Hill Village Shopping Centre represents a rare opportunity to acquire a well-located, fully leased commercial asset with significant landholding and development potential in a highly sought-after lifestyle and tourist precinct.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Red Hill VIC 3937
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 576 m² |
Market Insights for Red Hill VIC 3937
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
