292 Ballarat Rd 3,229 SF 100% Leased Retail Building Braybrook, VIC 3019 $1,090,833 ($337.81/SF) 5.55% Cap Rate

This high-performing mixed-use property combines a fully leased ground-floor retail tenancy with an income-generating residential apartment, creating a rare and compelling investment opportunity on Melbourne’s thriving Ballarat Road. Occupying an approx. 350 m² allotment with premium exposure, the site delivers strong fundamentals reinforced by zoning flexibility, long-term lease security, and prime location convenience.
The ground floor is anchored by a well-established pizza business on a 5-year lease with two additional 5-year options, providing annual increases of 4% and delivering a substantial portion of the total income. Above, a first-floor, three-bedroom apartment represents a fully leased residential component, adding both diversity and consistency to revenue streams.
Zoned Commercial 2, the property features rear off-street parking for six vehicles, ensuring excellent accessibility for customers and residents alike. The location boasts immediate connectivity to Melbourne’s CBD via Dynon Road and Footscray Road, along with proximity to key infrastructure such as West Gate Freeway, Victoria University, and the highly anticipated Western Health Footscray Hospital.
Currently returning a combined $84,621.68 per annum, this investment offers both solid cash flow and long-term capital growth potential in one of Melbourne’s busiest inner-west corridors.