1221 Stud Rd 3,875 SF 100% Leased Retail Building Rowville, VIC 3178 For Sale

1221 Stud Road offers an outstanding high-exposure corner site in the heart of Rowville, presenting an exceptional opportunity for astute investors. Spanning approximately 1,202 m² with dual street frontage, this prime freehold comprises two fully leased shops and a beautifully renovated three-bedroom residence, delivering both secure income and long-term versatility.
Currently returning an estimated $91,032 net p.a. plus GST and outgoings, the property is under stable leases with fixed 3% annual increases and further options to renew. The tenancy mix includes a popular pizza restaurant combined with residential accommodation and a well-established grocery store, ensuring consistent patronage and strong community integration.
The property benefits from abundant on-site parking (13 customer spaces plus a private carport) and is strategically located within a thriving retail and lifestyle precinct surrounded by schools, supermarkets, cafés, healthcare providers, and major arterial routes. With excellent connectivity and redevelopment potential (STCA), this asset represents a compelling investment for buyers seeking stability and future upside.