27-33 Mahoneys Road 6,760 SF 100% Leased Retail Building Forest Hill, VIC 3131 $3,438,720 ($508.71/SF) 5% Cap Rate

This freehold retail investment offers a rare opportunity to secure a high-performing asset in one of Melbourne’s established shopping precincts. Situated in the heart of Forest Hill’s vibrant retail district, the property encompasses two titles with a combined land area of 628 square meters and convenient rear access. It is fully leased to established blue-chip tenants including Westpac, Ray White, and a long-standing local real estate agency, collectively providing a diverse and stable income stream of approximately $240,000 per annum, excluding outgoings covered by tenants.
Positioned along Mahoneys Road, the property benefits from strong pedestrian and vehicular traffic as part of the Forest Hill Chase Shopping Centre environment, which offers more than 3,400 parking spaces. Surrounding the site is a dense residential catchment and direct connectivity to key arterials including Canterbury Road and Springvale Road, ensuring sustained customer flow. Beyond its current investment appeal, the property presents excellent long-term development potential (STCA), making it a future-focused acquisition in a growth-oriented corridor of Melbourne.