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444 Burwood Hwy 1,938 SF 100% Leased Retail Building Wantirna South, VIC 3152 $1,017,088 ($524.95/SF) 5.14% Cap Rate
Investment Highlights
- Prominent position opposite Westfield Knox, ensuring high visibility and foot traffic.
- Features modern recessed lighting and prominent signage for enhanced visibility and tenant appeal.
- Located within a vibrant retail strip approximately 25 km east of Melbourne CBD.
Executive Summary
444 Burwood Highway presents a rare opportunity to acquire a fully leased retail investment in a high-profile location within Wantirna South. Positioned directly opposite Westfield Knox, this two-level property benefits from exceptional exposure along Burwood Highway and is part of a tightly held retail strip. The asset offers secure income streams from two established tenants, providing investors with long-term stability and growth potential.
The ground floor is leased to Astral Barbers on a five-year term commencing April 2025, with one five-year option and annual increases of 3.5%. The first floor is occupied by Healthy Massage under a three-year lease commencing April 2024, with two three-year options and annual CPI reviews. Both leases include market reviews at the start of new terms, ensuring alignment with prevailing market conditions.
Located approximately 25 kilometers east of Melbourne’s CBD, the property sits within the City of Knox, a well-established commercial and residential hub. The site is zoned Commercial 1, supporting a wide range of retail and business uses. With a purchase price of $1,450,000 and a strong tenant profile, this property represents a compelling investment in a growth corridor with excellent connectivity and sustained demand for retail services.
The ground floor is leased to Astral Barbers on a five-year term commencing April 2025, with one five-year option and annual increases of 3.5%. The first floor is occupied by Healthy Massage under a three-year lease commencing April 2024, with two three-year options and annual CPI reviews. Both leases include market reviews at the start of new terms, ensuring alignment with prevailing market conditions.
Located approximately 25 kilometers east of Melbourne’s CBD, the property sits within the City of Knox, a well-established commercial and residential hub. The site is zoned Commercial 1, supporting a wide range of retail and business uses. With a purchase price of $1,450,000 and a strong tenant profile, this property represents a compelling investment in a growth corridor with excellent connectivity and sustained demand for retail services.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,938 SF
Building Class
C
Price
$1,017,088
Price Per SF
$524.95
Cap Rate
5.14%
NOI
$52,266
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.05 AC
Frontage
22’ on Burwood Highway
Amenities
- Signage
- Recessed Lighting
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444 Burwood Hwy
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