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Investment Highlights

  • Two-bedroom, two-bathroom apartment with private courtyard currently leased.
  • Secure entry, undercover parking, and 15kW solar system for operational efficiency.
  • Vacant first-floor studio space offers additional leasing potential.
  • Located in the central Mildura CBD with easy access to amenities and public parking.

Executive Summary

This modern mixed-use property in the heart of Mildura’s CBD presents a rare opportunity for investors seeking a diversified income stream with future flexibility. The asset combines commercial and residential components, offering both stability and upside potential.
The ground floor features a well-exposed commercial space of approximately 332 m², currently leased to a local fitness operator, ensuring immediate income. The first floor provides an additional 128 m² of adaptable studio space, previously used for fitness and training, now available for lease to enhance returns. Complementing the commercial areas is a spacious two-bedroom, two-bathroom apartment of approximately 185 m², currently leased and delivering a residential income component.
Positioned on a 475 m² land parcel with a total building area of approximately 645 m², the property benefits from secure tag-access entry, undercover parking, and a 15kW solar system. Its central CBD location ensures strong visibility, convenient access, and proximity to public parking, retail, and services. This property is well-suited for investors, owner-occupiers, or those seeking a live-and-work arrangement, subject to tenancy conditions.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,943 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories

Amenities

  • Courtyard
  • Security System
  • Signage
  • Listing ID: 39927320

  • Date on Market: 3/27/2026

  • Last Updated:

  • Address: 51 Pine Ave, Mildura, VIC 3500

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