384 Nepean Hwy 969 SF Retail Building Chelsea, VIC 3196 $575,342 ($593.90/SF)

An outstanding opportunity to acquire a high-profile freehold asset in the heart of Chelsea’s tightly held commercial precinct. This prime investment is underpinned by a longstanding hospitality tenant, offering a stable income stream and immediate cash flow with an approximate return of 5%.
The property benefits from prominent Nepean Highway exposure, ensuring excellent vehicle and pedestrian visibility and reinforcing its position within a well-established retail strip in one of Melbourne’s most desirable bayside locations. Just moments from Chelsea Train Station and key retail amenities, the property attracts consistently strong foot traffic, enhancing tenant security and long-term investment value.
With Melbourne’s bayside corridor continuing to experience demand from investors and limited supply of freehold opportunities, this property represents an ideal acquisition for SMSFs, private investors, and land-bank buyers seeking growth and income certainty.