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1 Colombo St 1,377 SF Retail Condo Unit in Mitcham, VIC 3132
Investment Highlights
- Prime corner location adjacent to Mitcham train station with excellent exposure.
- Secure basement car parking for tenants and visitors.
- Convenient access to Whitehorse Road and the Eastern Freeway.
- Mixed-use development featuring ground-floor retail/hospitality and multi-level residential.
- Positioned within a vibrant commercial precinct with strong residential catchment.
- Surrounded by established retail, dining, and essential services.
Executive Summary
The property at 1 Colombo Street, Mitcham VIC 3132 is a multi-level residential apartment building with ground floor retail located within the Mitcham activity center. The site is positioned close to public transport, including Mitcham train station, and offers convenient access to major arterial roads such as Whitehorse Road and the Eastern Freeway. The surrounding area comprises a mix of residential, retail, and commercial uses, with nearby amenities including supermarkets, cafés, and essential services. The property is situated within a well-established suburban precinct approximately 20 km east of Melbourne’s CBD.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | CM1\PS632398 |
| Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| APN/Parcel ID | CM1\PS632398 |
Description
The property at 2/1 Colombo Street, Mitcham, is a ground-floor retail/hospitality premises located on a prominent corner position within a mixed-use development. The site is directly adjacent to Mitcham train station and benefits from strong pedestrian and vehicle traffic, as well as proximity to major retail amenities. The property includes secure basement car parking and is situated within a well-established residential and commercial catchment.
The tenancy is fully leased to an established restaurant operator under a new three-year lease with a three-year option, generating an annual rental of $77,233.60 (GST exclusive). The property is positioned approximately 20 km east of Melbourne’s CBD and offers convenient access to Whitehorse Road and the Eastern Freeway.
The tenancy is fully leased to an established restaurant operator under a new three-year lease with a three-year option, generating an annual rental of $77,233.60 (GST exclusive). The property is positioned approximately 20 km east of Melbourne’s CBD and offers convenient access to Whitehorse Road and the Eastern Freeway.
Sale Notes
Positioned in a prime corner location directly adjacent to Mitcham train station, the property benefits from exceptional exposure, strong pedestrian flow, and convenient access to major arterial routes including Whitehorse Road and the Eastern Freeway.
This space is fully fitted for hospitality use and leased to an established restaurant operator under a secure three-year lease with a three-year option, providing an annual rental of $77,233.60 (GST exclusive). This lease structure offers immediate income and long-term investment stability.
The development is underpinned by a growing residential catchment and proximity to key retail amenities, making it an attractive investment in a tightly held eastern suburban market. With secure basement car parking and modern infrastructure, this property combines strong fundamentals with future growth potential.
This space is fully fitted for hospitality use and leased to an established restaurant operator under a secure three-year lease with a three-year option, providing an annual rental of $77,233.60 (GST exclusive). This lease structure offers immediate income and long-term investment stability.
The development is underpinned by a growing residential catchment and proximity to key retail amenities, making it an attractive investment in a tightly held eastern suburban market. With secure basement car parking and modern infrastructure, this property combines strong fundamentals with future growth potential.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 1,377 SF | Retail | Upon Request | - |
Unit 2
| Unit Size |
| 1,377 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Unit 2
| Unit Size | 1,377 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| APN/Parcel ID | CM1\PS632398 |
| Description | |
| The property at 2/1 Colombo Street, Mitcham, is a ground-floor retail/hospitality premises located on a prominent corner position within a mixed-use development. The site is directly adjacent to Mitcham train station and benefits from strong pedestrian and vehicle traffic, as well as proximity to major retail amenities. The property includes secure basement car parking and is situated within a well-established residential and commercial catchment.<br> <br> The tenancy is fully leased to an established restaurant operator under a new three-year lease with a three-year option, generating an annual rental of $77,233.60 (GST exclusive). The property is positioned approximately 20 km east of Melbourne’s CBD and offers convenient access to Whitehorse Road and the Eastern Freeway.</li></ul> | |
| Sale Notes | |
| Positioned in a prime corner location directly adjacent to Mitcham train station, the property benefits from exceptional exposure, strong pedestrian flow, and convenient access to major arterial routes including Whitehorse Road and the Eastern Freeway.<br> <br> This space is fully fitted for hospitality use and leased to an established restaurant operator under a secure three-year lease with a three-year option, providing an annual rental of $77,233.60 (GST exclusive). This lease structure offers immediate income and long-term investment stability.<br> <br> The development is underpinned by a growing residential catchment and proximity to key retail amenities, making it an attractive investment in a tightly held eastern suburban market. With secure basement car parking and modern infrastructure, this property combines strong fundamentals with future growth potential.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 127,742 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 9,149 SF |
| Property Subtype | Apartment | Lot Size | 0.96 AC |
| Building Class | C |
| Total Building Size | 127,742 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 9,149 SF |
| Lot Size | 0.96 AC |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1 Colombo St
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