196-198 Canterbury Road Service Rd 2,766 SF Retail Building Heathmont, VIC 3135 For Sale

This property presents a rare opportunity to secure a high-quality, income-producing retail asset in the heart of the Heathmont Village Shopping Centre. Leased to Milk & Wine Co—a trusted and established local operator—the property offers a reliable income stream backed by a newly renewed five-year lease with fixed annual increases.
Strategically located along Canterbury Road, the asset benefits from strong passing trade, prominent main road exposure, and proximity to established retailers that ensure consistent foot traffic. The surrounding precinct is one of Melbourne’s most tightly held retail locations, reflecting strong long-term demand and ensuring the property’s investment security.
With a current net return of $95,524.16 per annum and all the fundamentals aligned for sustained growth, this acquisition offers both stability and future upside for investors seeking a set-and-forget commercial holding in a thriving eastern suburbs location.