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4 Dalgety St 1,571 SF Retail Condo Unit Offered at $900,563 in Oakleigh, VIC 3166
Investment Highlights
- Ten-story mixed-use complex incorporating residential, hotel, and ground-floor retail space.
- Located 700 meters from Chadstone Shopping Centre and 14 km from Melbourne CBD.
- Highly accessible location near Chadstone Shopping Centre and major transport arterials.
- On-site secure parking and nearby public transport enhance accessibility for residents and visitors.
Executive Summary
4 Dalgety Street forms part of the Oros development, a ten-story mixed-use complex located in Oakleigh within Melbourne’s southeastern metropolitan corridor. The building comprises approximately 270 residential apartments and 106 serviced apartment-style hotel rooms, with integrated ground-floor retail spaces that provide convenience offerings to residents and visitors. Positioned approximately 14 kilometers from Melbourne CBD and within 700 meters of Chadstone Shopping Centre, the property benefits from strong connectivity via Warrigal Road, Dandenong Road, and the Monash Freeway. Oakleigh Railway Station and multiple bus routes are located nearby, supporting commuter and visitor access. The development includes basement parking and proximity to local retail, dining, and essential services.
1 Unit Available
Unit 1
| Unit Size | 1,571 SF | Cap Rate | 5.88% |
| Price | $900,563 | NOI | $52,981.89 |
| Price Per SF | $573.24 | No. Parking Spaces | 5 |
| Condo Use | Retail | APN/Parcel ID | G201\PS805560 |
| Sale Type | Investment |
| Unit Size | 1,571 SF |
| Price | $900,563 |
| Price Per SF | $573.24 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| NOI | $52,981.89 |
| No. Parking Spaces | 5 |
| APN/Parcel ID | G201\PS805560 |
Description
This retail strata unit comprises 146 m² on the ground level of the Oros mixed-use development, which integrates residential apartments, hotel accommodation, and retail offerings. The unit includes five secure car spaces on title and benefits from excellent visibility within the complex. Designed for flexibility, the unit services two complementary tenancies and offers direct street access with convenient parking options for customers and operators. The surrounding development creates a dynamic customer ecosystem, enhancing onsite trade potential and drive-by exposure.
Sale Notes
This exceptional retail investment occupies a prime position within the high-profile Oros development in Oakleigh, offering an outstanding opportunity for investors seeking a secure, income-generating asset. The property is under a long 7+7+7-year lease structure, with the next option available in 2030, supported by 4% annual compounded rental increases. This ensures consistent income growth over time, complemented by a current net income of approximately $73,540 per annum plus GST.
Comprising 146 m² of ground floor retail space, the property delivers dual-income potential with two established operators—a café and a laundromat—catering to strong local demand. A net lease structure places responsibility for standard outgoings on the tenant, maintaining strong investor yield. Five secure car parks on title enhance convenience and add intrinsic value to the asset.
Strategically located only 700 metres from Chadstone Shopping Centre and approximately 14 kilometres from Melbourne’s CBD, the property sits within an established southeastern corridor, benefiting from high pedestrian and commuter traffic. Embedded within a mixed-use development of 270 apartments and 106 hotel rooms, the asset leverages a built-in customer base with consistent daily activity. This property combines security, growth, and premium positioning, making it a compelling acquisition in Melbourne’s thriving retail investment market.
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Property Facts
| Total Building Size | 561,392 SF | Floors | 10 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 56,134 SF |
| Property Subtype | Apartment | Lot Size | 2.33 AC |
| Building Class | B |
| Total Building Size | 561,392 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 56,134 SF |
| Lot Size | 2.33 AC |
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4 Dalgety St
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