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314-360 Childs Road 807 SF Retail Condo Unit in Mill Park, VIC 3076
Investment Highlights
- Positioned within the established Stables Shopping Centre, a well-known retail destination in Mill Park.
- Attractive rental return with fixed 3% annual increases and all outgoings covered by the tenant.
- Situated in a high-growth northern precinct, supported by strong surrounding residential and commercial development.
- Secure five-year lease with multiple five-year renewal options, ensuring long-term income stability.
- Located only 18 kilometers from Melbourne CBD with convenient access to major arterials.
Executive Summary
The property is a retail shop located within the Stables Shopping Centre at 314-360 Childs Road, Mill Park, approximately 18 kilometers from Melbourne CBD. It is positioned in a commercial precinct with access to major arterial roads and is part of a center anchored by national retailers. The surrounding area includes residential neighborhoods and local amenities, contributing to steady consumer traffic.
Property Facts
| Total Building Size | 10,592 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 10,592 SF |
| Building Class | C | Lot Size | 0.52 AC |
| Total Building Size | 10,592 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 10,592 SF |
| Lot Size | 0.52 AC |
Amenities
- Signage
- Recessed Lighting
- Air Conditioning
1 Unit Available
Unit 40D
| Unit Size | 807 SF | NOI | $34,171.99 |
| Condo Use | Retail | APN/Parcel ID | 55\SP25904, 62\SP25904 |
| Sale Type | Investment |
| Unit Size | 807 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| NOI | $34,171.99 |
| APN/Parcel ID | 55\SP25904, 62\SP25904 |
Description
Ground-floor retail strata unit currently configured as a café. The layout includes a customer seating area, service counter, and back-of-house preparation space. The property is equipped with two bathrooms and essential plumbing and electrical connections to support food and beverage operations. Large glass frontage provides natural light and street visibility. Located within a busy shopping center with on-site parking and access to surrounding amenities.
Sale Notes
This retail investment opportunity is located within the tightly held Stables Shopping Centre in Mill Park, offering exceptional exposure along Childs Road. The property spans approximately 75 square meters and is positioned in a high-traffic retail hub anchored by major tenants, ensuring consistent customer flow. Situated just 18 kilometers from Melbourne’s CBD, the site benefits from excellent connectivity to major arterials, making it easily accessible for both customers and suppliers.
The asset is secured by a long-term lease, providing a rental return of $49,522.80 per annum plus GST, with a five-year term commencing July 18, 2025, and five additional five-year options. The lease includes fixed annual increases of 3%, and all outgoings are payable by the tenant, offering a stable and predictable income stream. Located in one of the northern corridor’s most dynamic growth precincts, this property presents a compelling opportunity for investors seeking a low-maintenance, income-generating asset in a thriving retail environment.
Interior Photo
Interior Photo
Interior Photo
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314-360 Childs Road
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