38 Hamilton Street 1,507 SF Retail Building Mont Albert, VIC 3127 $755,120 ($501.09/SF)

This tenanted retail investment offers a rare opportunity in the heart of Mont Albert Village, a vibrant precinct surrounded by cafes, restaurants, and essential services. Positioned near Box Hill Central and within walking distance to Mont Albert train station, the property benefits from strong connectivity to Whitehorse Road and the Eastern Freeway, ensuring convenient access for both customers and suppliers.
The property is currently leased to a well-established Asian restaurant that also operates as a central kitchen, providing a stable income stream. The tenant has invested in a full commercial kitchen fit out, including canopy, gas fittings, stainless steel benches, preparation areas, and a walk-in cool room. The lease commenced in January 2024 on a 5 + 5 + 5-year term with 3% annual increases, offering long-term security for investors.
Additional features include rear access, on-site parking, and proximity to high-end residential neighborhoods and reputable schools, enhancing the property’s appeal. With its strategic location, strong tenancy, and quality improvements, this asset represents a compelling investment in a tightly held retail market.