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118-120 Main Rd 828 SF Retail Condo Unit Offered at $301,619 in Monbulk, VIC 3793
Investment Highlights
- Securely leased to a longstanding restaurant tenant operating since 2014.
- Net rental of $21,900.42 per annum plus GST and outgoings paid by tenant.
- Surrounded by specialty shops, services, and excellent neighborhood connectivity.
- Two-year lease commenced April 2026 with a further two-year option and CPI-linked increases.
- Located in the heart of Monbulk’s retail precinct with on-site parking at the rear.
- Close proximity to bus stops providing convenient customer access.
Executive Summary
An exceptional freehold investment opportunity in the heart of Monbulk,118-120 Main Road offers two adjoining retail properties across separate titles, available individually or as a combined holding. Each property features a fully self-contained layout situated within the bustling local retail strip, surrounded by established businesses, specialty shops, and community amenities. Currently occupied by the long-standing Fairy Mountain Chinese Restaurant, this investment boasts consistent performance and strong tenant continuity. The combined tenure generates an annual rental of approximately $43,800.84 plus GST, with all outgoings paid by the tenant. For owner occupiers, vacant possession can be arranged, creating outstanding flexibility for retail, hospitality, or service-based uses. With dual street frontage and rear parking, these properties are perfectly positioned to capitalize on steady pedestrian and vehicular traffic along Main Road. The Commercial1 zoning enhances future adaptability for a variety of uses, including further subdivision or expansion. Buyers seeking a secure leased investment or a future-ready retail presence within a tightly held Dandenong Ranges township should consider this rare market offering.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.09% |
| Sale Type | Investment |
| Cap Rate | 5.09% |
Description
The property is located at 120 Main Road in Monbulk, Victoria, and is improved with a single freehold retail building occupying approximately 77 square meters on a land area of about 188 square meters. It has Commercial 1 zoning and includes on-site parking to the rear. The premises is tenanted under a formal lease agreement with an established restaurant business. Surrounding development in the Monbulk town center consists of small-scale retail, office uses, and service-related businesses. The site is accessible by major roads and nearby public transport facilities.
Sale Notes
This rare freehold retail investment opportunity is positioned in the vibrant commercial hub of Monbulk, offering secure income backed by a long-term tenant with strong local ties. The property is fully self-contained and currently home to the well-established Fairy Mountain Chinese Restaurant, which has operated from this location for over a decade. Investors benefit from a recently executed two-year lease commencing April 2026, with a further two-year option and annual CPI rental adjustments, providing stable and predictable income.
The property spans a building area of approximately 77 m² on a 188 m² land parcel, with convenient on-site parking at the rear. Located along Monbulk’s primary retail strip, the premises enjoys consistent foot traffic and visibility, supported by surrounding specialty retailers, service-based businesses, and nearby transport links. With tenant-paid outgoings and minimal maintenance requirements, this low-risk investment presents enduring value in a tightly held township.
Investors seeking exposure to a proven hospitality operator and a thriving hills community will find this asset compelling. Positioned within reach of surrounding suburbs and regional thoroughfares, the property combines local loyalty with enduring commercial viability.
The property spans a building area of approximately 77 m² on a 188 m² land parcel, with convenient on-site parking at the rear. Located along Monbulk’s primary retail strip, the premises enjoys consistent foot traffic and visibility, supported by surrounding specialty retailers, service-based businesses, and nearby transport links. With tenant-paid outgoings and minimal maintenance requirements, this low-risk investment presents enduring value in a tightly held township.
Investors seeking exposure to a proven hospitality operator and a thriving hills community will find this asset compelling. Positioned within reach of surrounding suburbs and regional thoroughfares, the property combines local loyalty with enduring commercial viability.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 120 | 828 SF | Retail | $301,619 ($364.27/SF) | $15,361.83 |
Unit 120
| Unit Size |
| 828 SF |
| Condo Use |
| Retail |
| Price |
| $301,619 ($364.27/SF) |
| NOI |
| $15,361.83 |
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Unit 120
| Unit Size | 828 SF |
| Condo Use | Retail |
| Price | $301,619 ($364.27/SF) |
| NOI | $15,361.83 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Description | |
| The property is located at 120 Main Road in Monbulk, Victoria, and is improved with a single freehold retail building occupying approximately 77 square meters on a land area of about 188 square meters. It has Commercial 1 zoning and includes on-site parking to the rear. The premises is tenanted under a formal lease agreement with an established restaurant business. Surrounding development in the Monbulk town center consists of small-scale retail, office uses, and service-related businesses. The site is accessible by major roads and nearby public transport facilities.</li></ul> | |
| Sale Notes | |
| This rare freehold retail investment opportunity is positioned in the vibrant commercial hub of Monbulk, offering secure income backed by a long-term tenant with strong local ties. The property is fully self-contained and currently home to the well-established Fairy Mountain Chinese Restaurant, which has operated from this location for over a decade. Investors benefit from a recently executed two-year lease commencing April 2026, with a further two-year option and annual CPI rental adjustments, providing stable and predictable income.<br> <br> The property spans a building area of approximately 77 m² on a 188 m² land parcel, with convenient on-site parking at the rear. Located along Monbulk’s primary retail strip, the premises enjoys consistent foot traffic and visibility, supported by surrounding specialty retailers, service-based businesses, and nearby transport links. With tenant-paid outgoings and minimal maintenance requirements, this low-risk investment presents enduring value in a tightly held township.<br> <br> Investors seeking exposure to a proven hospitality operator and a thriving hills community will find this asset compelling. Positioned within reach of surrounding suburbs and regional thoroughfares, the property combines local loyalty with enduring commercial viability.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 1,862 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,862 SF |
| Property Subtype | Restaurant | Tenancy | Single |
| Building Class | C | Lot Size | 0.09 AC |
| Total Building Size | 1,862 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Restaurant |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 1,862 SF |
| Tenancy | Single |
| Lot Size | 0.09 AC |
Amenities
- Air Conditioning
1 1
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118-120 Main Rd
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