196-198 Canterbury Road, Heathmont VIC 3135

Price on application

Sip, Savour & Secure!

BLUE-CHIP RETAIL INVESTMENT IN HEATHMONT VILLAGE

An exceptional opportunity to secure a premium, income-generating retail asset in the heart of the highly regarded and tightly held, Heathmont Village Shopping Centre.

Strategically positioned along vibrant Canterbury Road, this distinguished commercial holding is leased to Milk & Wine Co, a well-established and popular local operator, ensuring both stability and long-term tenant appeal.

Underpinned by a newly renewed 5-year lease, the property delivers a robust and reliable net income of $95,524.16 per annum, making it an ideal acquisition for discerning investors seeking security, quality, and growth.

Investment highlights:

• Blue-chip retail asset within the tightly held Heathmont Village Shopping Centre
• Securely leased to Milk & Wine Co - a proven, high-performing tenant
• Renewed 5 year lease providing long-term income certainty
• Strong net return of $95,524.16 p.a.
• Fixed 3% annual increases
• Building area | 257sqm approximately
• Land area | 286sqm approximately
• 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 is a rare chance to acquire a set-and-forget investment in one of Heathmont's most tightly held retail pockets, combining dependable income with future upside.
Secure your position in this premium retail precinct. Enquire today.

Property Details

• Type: Retail, Other
• Building Area: 257 m² (approx)
• Land Area: 286 m² (approx)
• Tenancy: Tenanted