2 Colombo Street
MITCHAM Victoria 3132

AUCTION
Search Price: $1,300,000
2
Cars
Land Size: 128m²
Property Type: Retail
Last Updated: 16 Feb 2026
Overview

This high-quality retail and hospitality investment opportunity is presented for sale via public auction. The premises are fully fitted and located on a prominent corner, ensuring strong visibility and consistent foot traffic. It is strategically positioned near key retail and transport amenities.

The property is securely leased to a well-established restaurant operator, providing immediate income with a lease structure that supports long-term investment performance.

Key investment highlights include:

  • Fully fitted retail and hospitality premises
  • Leased to an established restaurant operator
  • New 3-year lease with a 3-year option
  • Passing rental of $77,233.60 per annum (GST exclusive)
  • High-profile corner position with significant passing traffic
  • Close proximity to public transport and major retail amenities
  • Secure basement car parking available
  • Surrounded by a well-established residential and commercial catchment

The property will be auctioned on-site on Friday, March 20 at 12:00 PM. For further information, including the Information Memorandum and full tenancy details, please reach out for assistance.

Disclaimer: The information provided is for guidance only and should not be relied upon for financial or legal purposes. Care has been taken in preparing this information, but it does not constitute a representation by the owners or agents.

Location
2 Colombo Street
MITCHAM Victoria 3132 T
Measurements
Type Dimensions
Building Area Sqm 128
Floor Area 128 sqm
Market Insights for Mitcham Victoria 3132
New Listings (last 30 days)
4
Average price
$1,006,250
Lowest price
$725,000
Highest price
$1,100,000
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