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Investment Highlights

  • Ground floor retail space within active village precinct
  • Secure 3-year lease providing immediate income stream
  • Includes kitchenette, toilet, and one secure car space

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit E
  • 538 SF
  • Retail
  • $306,170 ($569.09/SF)
  • $16,165.80
Sale Type Investment
Cap Rate 5.28%
No. Parking Spaces 1
APN/Parcel ID 101\PS725428
Description
This ground-floor strata-titled retail property forms part of the established Miller on Gilbert Road Village precinct. Occupying approximately 50 sqm, the space includes a modern open-plan shopfront with practical finishing and a convenient configuration for day-to-day trading. Key inclusions feature an internal kitchenette and toilet for tenant use, ensuring operational efficiency. The property also comes with one secure on-title car space, supporting access and convenience for an owner or occupier. Positioned within a popular mixed-use precinct, the site benefits from pedestrian activity and surrounding specialty retailers servicing the local community.
Sale Notes
This ground floor retail investment offers a compelling opportunity to acquire a securely leased strata property within a vibrant village setting. Comprising approximately 50 sqm, the shopfront delivers a contemporary retail environment featuring its own amenities, including a kitchenette and private restroom. An on-title dedicated car space adds further practical value. Currently occupied under a secure 3-year lease, the property provides immediate income generation and long-term stability, making it particularly attractive to investors seeking low-maintenance holdings in a well-established retail precinct. The Miller on Gilbert Village precinct has become a sought-after commercial hub in Preston, supported by a strong demographic base and consistent consumer activity. This asset represents a strategic acquisition for investors looking to capitalize on location strength, quality tenancy, and future value resilience in Melbourne’s inner north.
Unit Unit Size Condo Use Price NOI
Unit E 538 SF Retail $306,170 ($569.09/SF) $16,165.80

Unit E

Unit Size
538 SF
Condo Use
Retail
Price
$306,170 ($569.09/SF)
NOI
$16,165.80

Unit E

Unit Size 538 SF
Condo Use Retail
Price $306,170 ($569.09/SF)
NOI $16,165.80
Sale Type Investment
Cap Rate 5.28%
No. Parking Spaces 1
APN/Parcel ID 101\PS725428
Description
This ground-floor strata-titled retail property forms part of the established Miller on Gilbert Road Village precinct. Occupying approximately 50 sqm, the space includes a modern open-plan shopfront with practical finishing and a convenient configuration for day-to-day trading. Key inclusions feature an internal kitchenette and toilet for tenant use, ensuring operational efficiency. The property also comes with one secure on-title car space, supporting access and convenience for an owner or occupier. Positioned within a popular mixed-use precinct, the site benefits from pedestrian activity and surrounding specialty retailers servicing the local community.</li></ul>
Sale Notes
This ground floor retail investment offers a compelling opportunity to acquire a securely leased strata property within a vibrant village setting. Comprising approximately 50 sqm, the shopfront delivers a contemporary retail environment featuring its own amenities, including a kitchenette and private restroom. An on-title dedicated car space adds further practical value. Currently occupied under a secure 3-year lease, the property provides immediate income generation and long-term stability, making it particularly attractive to investors seeking low-maintenance holdings in a well-established retail precinct. The Miller on Gilbert Village precinct has become a sought-after commercial hub in Preston, supported by a strong demographic base and consistent consumer activity. This asset represents a strategic acquisition for investors looking to capitalize on location strength, quality tenancy, and future value resilience in Melbourne’s inner north.</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 42,464 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 4
Typical Floor Size 10,613 SF
Year Built 2015
Lot Size 0.25 AC
Parking Ratio 0.02/1,000 SF
  • Listing ID: 40745162

  • Date on Market: 6/2/2026

  • Last Updated:

  • Address: 14-18 Gilbert Rd, Preston, VIC 3072

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