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14-18 Gilbert Rd - The Gilbert 538 SF Retail Condo Unit Offered at $306,170 in Preston, VIC 3072

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
| Sale Type | Investment | No. Parking Spaces | 1 |
| Cap Rate | 5.28% | APN/Parcel ID | 101\PS725428 |
| 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 |
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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 | Typical Floor Size | 10,613 SF |
| Property Type | Multifamily (Condo) | Year Built | 2015 |
| Property Subtype | Apartment | Lot Size | 0.25 AC |
| Building Class | C | Parking Ratio | 0.02/1,000 SF |
| Floors | 4 |
| 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 |
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14-18 Gilbert Rd - The Gilbert
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