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544-546 Mitcham Rd 785 SF Retail Condo Unit Offered at $465,660 in Mitcham, VIC 3132
Investment Highlights
- Highly visible corner site with strong signage and branding opportunities
- Located in a busy retail precinct surrounded by established businesses and amenities
- Excellent access to public transportation including train and bus services
Executive Summary
This property is a two-story retail/office building, located on a corner lot along Mitcham Road in Mitcham, Victoria. The building comprises multiple strata-titled occupancies for retail and office us. The asset benefits from high-exposure frontage and proximity to public transportation, including a major train station and several bus routes. The surrounding area consists of mixed-use development incorporating retail services, offices, and residential neighborhoods. Signage opportunities are prominent due to the corner positioning.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | CM\SP36629 |
| Cap Rate | 5.12% |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| APN/Parcel ID | CM\SP36629 |
Description
This offering represents a ground-floor strata retail unit within a two-story commercial building situated at the prominent corner of Mitcham Road. The building comprises multiple occupancies and is configured for retail and office uses, enhancing diversification and foot traffic. The subject lot spans approximately 73 m² and features open-plan flexibility, glass frontage, and excellent signage exposure. Common property areas include shared entrances and building amenities typical of a strata-titled property environment. Owners benefit from the corner positioning of the asset, providing heightened visibility and connection to surrounding businesses.
Sale Notes
Presenting a securely leased strata investment in one of Mitcham’s most active retail corridors, this ground-floor unit combines long-term income security with the advantages of a high-growth suburban market. Currently under a 7-year lease with a 5-year option, the property generates a strong annual rental return of $33,296.64 plus GST.
The unit boasts a commanding corner position at street level, maximizing foot and vehicle visibility and offering versatile commercial use flexibility. Located within a tightly held precinct anchored by established retailers, eateries, and service businesses, the property benefits from consistent trade and strong local demand. Accessibility and convenience are key features, with Mitcham Train Station and multiple bus links nearby.
Whether viewed as a passive income generator or as a strategic addition to a diversified commercial portfolio, this strata property delivers security, location strength, and a low-maintenance investment profile.
The unit boasts a commanding corner position at street level, maximizing foot and vehicle visibility and offering versatile commercial use flexibility. Located within a tightly held precinct anchored by established retailers, eateries, and service businesses, the property benefits from consistent trade and strong local demand. Accessibility and convenience are key features, with Mitcham Train Station and multiple bus links nearby.
Whether viewed as a passive income generator or as a strategic addition to a diversified commercial portfolio, this strata property delivers security, location strength, and a low-maintenance investment profile.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 785 SF | Retail | $465,660 ($593.20/SF) | $23,853.71 |
Unit 1
| Unit Size |
| 785 SF |
| Condo Use |
| Retail |
| Price |
| $465,660 ($593.20/SF) |
| NOI |
| $23,853.71 |
1 of 4
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Unit 1
| Unit Size | 785 SF |
| Condo Use | Retail |
| Price | $465,660 ($593.20/SF) |
| NOI | $23,853.71 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| APN/Parcel ID | CM\SP36629 |
| Description | |
| This offering represents a ground-floor strata retail unit within a two-story commercial building situated at the prominent corner of Mitcham Road. The building comprises multiple occupancies and is configured for retail and office uses, enhancing diversification and foot traffic. The subject lot spans approximately 73 m² and features open-plan flexibility, glass frontage, and excellent signage exposure. Common property areas include shared entrances and building amenities typical of a strata-titled property environment. Owners benefit from the corner positioning of the asset, providing heightened visibility and connection to surrounding businesses.</li></ul> | |
| Sale Notes | |
| Presenting a securely leased strata investment in one of Mitcham’s most active retail corridors, this ground-floor unit combines long-term income security with the advantages of a high-growth suburban market. Currently under a 7-year lease with a 5-year option, the property generates a strong annual rental return of $33,296.64 plus GST.<br> The unit boasts a commanding corner position at street level, maximizing foot and vehicle visibility and offering versatile commercial use flexibility. Located within a tightly held precinct anchored by established retailers, eateries, and service businesses, the property benefits from consistent trade and strong local demand. Accessibility and convenience are key features, with Mitcham Train Station and multiple bus links nearby.<br> Whether viewed as a passive income generator or as a strategic addition to a diversified commercial portfolio, this strata property delivers security, location strength, and a low-maintenance investment profile.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,264 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,626 SF |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.07 AC |
| Building Class | C |
| Total Building Size | 5,264 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 2,626 SF |
| Lot Size | 0.07 AC |
Amenities
- Corner Lot
- Signage
- Air Conditioning
Contacts
-
Jeff Stefanidis -
Joshua Bartlett -
Dylan Ashby -
Mathew Dompietro -
Tom Gilbert -
Hudson Bond Commercial Pty. Ltd.
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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544-546 Mitcham Rd
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