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3 Ovens St 1,776 SF Retail Condo Unit in Brunswick, VIC 3056
Investment Highlights
- Securely leased to Good Boys Deli on a five-year term with options.
- Corner retail space of approximately 165 m² with strong street exposure.
- Located within Brunswick Yards beneath 122 apartments, ensuring a built-in customer base.
- Net annual rental of $80,000 plus GST and outgoings.
- Two secure on-title car spaces included.
- Excellent connectivity to Sydney Road, tram routes, and Brunswick Station.
Executive Summary
The property is located in Brunswick, approximately 5 km north of Melbourne CBD, within a mixed-use zone. It offers a total7 floors. The site is part of a recently completed residential development and is positioned near major public transport options, including tram and train services.
Property Facts
| Total Building Size | 138,370 SF | Floors | 7 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 24,380 SF |
| Property Subtype | Apartment | Year Built | 2024 |
| Building Class | C | Lot Size | 0.73 AC |
| Total Building Size | 138,370 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Typical Floor Size | 24,380 SF |
| Year Built | 2024 |
| Lot Size | 0.73 AC |
1 Unit Available
| Unit Size | 1,776 SF | Sale Type | Investment |
| Condo Use | Retail | No. Parking Spaces | 2 |
| Unit Size | 1,776 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
Description
The property comprises a 165 m² corner retail space with excellent street presence and two secure on-title car spaces. Its location beneath 122 apartments and within a dense residential catchment guarantees strong foot traffic and consistent patronage. The surrounding area is characterized by established hospitality venues, boutique retailers, and excellent public transport connectivity, including nearby tram routes and Brunswick Station within 250 meters.
Sale Notes
3 Ovens Street presents a secure retail investment opportunity in the vibrant heart of Brunswick. Positioned at the base of the newly developed Brunswick Yards, this property benefits from a prime location just off Sydney Road, one of Melbourne’s most dynamic retail and hospitality corridors. The asset is underpinned by a newly signed five-year lease to Good Boys Deli, providing a net annual rental of $80,000 plus GST and outgoings, ensuring a stable income stream for investors.
This low-maintenance investment combines modern construction with a reliable tenant covenant, making it an attractive proposition for investors seeking long-term security in a high-demand inner-city location.
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3 Ovens St
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