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This is rare opportunity to secure two adjoining retail freeholds in one of Melbourne’s most tightly held village precincts.
Held by the same family for generations, this exceptional investment delivers long-standing tenants, strong income security and future development potential, ideal for investors, developers or owner-occupiers seeking a strategic landholding in Melbourne’s inner east.
Prominently positioned in the thriving High Street Ashburton retail strip, the property enjoys outstanding exposure to heavy vehicle and pedestrian traffic, just moments from Ashburton Train Station and a strong surrounding residential catchment.
Offered on two separate titles and sold together as one parcel, both properties are leased to well-established businesses operating from the premises for over a decade.
The asset generates a secure combined annual rental income of approximately $117,343, with tenants paying all outgoings, ensuring a stable, low-maintenance investment.
Investment Highlights
• Two retail freeholds on separate titles offered in one line
• Secure combined rental income of $117,343 per annum
• Two long-standing tenants:
o Ashburton Cycles (est. 2013)
· Bike shop lease to Oct 2026 + option
· Net leases — tenants pay all outgoings
· Strong lease security
o J.J Sushi Japanese Café (est. 2015)
· Japanese café lease to June 2028 + two further 5-year options
· Net leases — tenants pay all outgoings
· Annual rental growth: CPI reviews, 3% fixed increases, market reviews at options
• Prominent High Street frontage with exceptional exposure
• Combined building area of approx. 347m²
• Rear yard and access for operational flexibility
• Strategic position in tightly held retail strip
• Future development or consolidation potential (STCA)
Location Highlights
• Prime position in vibrant Ashburton Village retail precinct
• Surrounded by quality retailers, cafés and essential services
• Walk to Ashburton Train Station
• Strong residential catchment in Melbourne’s sought-after eastern suburbs
• Excellent connectivity to High Street Road, Warrigal Road & Monash Freeway
Contact Michael Katsaris on 0417 017 145 or Garry Fetter on 0411 517 772 today for more information.
