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241 S Gippsland Highway 914 SF Retail Condo Unit Offered at $716,463 in Cranbourne, VIC 3977
Executive Summary
26-28 Verdun Drive, Narre Warren is a premium office development situated within a well-established commercial district in Melbourne’s southeast. The property features a modern architectural design with high-quality finishes, integrated lift access, secure basement and on-site parking, and professional common areas, creating an ideal setting for contemporary business operations. The complex comprises multiple office suites configured to accommodate a variety of professional service providers, offering flexibility, functionality, and a polished corporate presence. Its location just off Princes Highway and moments from the Monash Freeway ensures excellent transport connectivity across metropolitan Melbourne, while surrounding amenities such as retail centers, cafes, and essential services deliver convenience for businesses and clients. Positioned within a growing commercial corridor supported by strong infrastructure and accessibility, 26-28 Verdun Drive represents a highly desirable address for companies seeking a modern office environment and for investors looking to secure a well-positioned property with enduring demand in Narre Warren’s business precinct.
1 Unit Available
Unit 2
| Unit Size | 914 SF | Sale Type | Investment |
| Price | $716,463 | Cap Rate | 5.47% |
| Price Per SF | $783.88 | NOI | $39,215.86 |
| Condo Use | Retail | APN/Parcel ID | 3\PS541126 |
| Unit Size | 914 SF |
| Price | $716,463 |
| Price Per SF | $783.88 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| NOI | $39,215.86 |
| APN/Parcel ID | 3\PS541126 |
Description
The retail complex at 241 South Gippsland Highway, Cranbourne is positioned in one of the area’s most prominent and tightly held commercial strips. This modernized convenience retail precinct is anchored by nationally recognized brands, including McDonald’s and Domino’s, delivering exceptional foot traffic and significant exposure to one of the busiest arterial roads in Melbourne’s southeast.
Designed to cater to the high-demand quick-service and convenience market, the complex features contemporary architecture, upgraded finishes, and practical layouts suited to food and beverage operators as well as specialty retail tenants. Its prime position within a thriving commercial corridor offers enduring investment appeal driven by strong trade patterns and exceptional location fundamentals
Sale Notes
Shop 2 presents an outstanding investment opportunity within one of Cranbourne’s busiest food and beverage strips. This fully refurbished 85 m² retail property is leased to Cranbourne Kebab Lovers, a highly regarded and established operator with a proven track record. The tenancy is backed by a secure long-term lease of 10 + 5 + 5 years, commencing on 1 December 2024, with current rental income of $54,188 annually plus outgoings and GST, and fixed 4% annual increases. A security deposit of $14,329 further reinforces the strength of this investment.
Positioned with direct exposure to South Gippsland Highway and close to major brands such as McDonald’s and Domino’s, the location ensures heavy vehicle and foot traffic, supporting consistent trade and long-term demand. Recent property upgrades enhance its presentation and functionality, adding to future capital growth prospects.
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Property Facts
| Total Building Size | 3,670 SF | Building Class | C |
| Property Type | Retail (Condo) | Floors | 1 |
| Property Subtype | Retail | Typical Floor Size | 3,670 SF |
| Total Building Size | 3,670 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Retail |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 3,670 SF |
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241 S Gippsland Highway
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