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72 Main Hurstbridge Rd 1,173 SF Office/Retail Condo Unit Offered at $847,751 in Diamond Creek, VIC 3089
Investment Highlights
- Located within the established Diamond Creek Activity Centre, providing strong visibility and connectivity to local retail and service hubs.
- Situated approximately 160 meters from Diamond Creek Railway Station and serviced by multiple local bus routes, enhancing public transport accessibili
- Well-developed infrastructure with municipal utilities and 5G mobile network availability on site.
- Direct frontage to Main Hurstbridge Road, a primary arterial serving commuter and trade routes linking to greater Melbourne.
- Surrounded by a mix of commercial, residential, and community facilities, ensuring consistent local demand for services.
- Positioned in a rapidly growing northeast Melbourne corridor experiencing sustained residential development and population uplift.
Executive Summary
72 Main Hurstbridge Road is located within the Diamond Creek Activity Centre in the Nillumbik Shire, northeast of Melbourne’s CBD. This address forms part of an established mixed-use precinct anchored by neighborhood retail services and small-format commercial uses. The property site occupies a lot recorded at approximately 106 m² and is accessible directly from Main Hurstbridge Road, a principal arterial providing connectivity between Eltham and Melbourne’s outer northern growth corridors. The immediate surrounding environment includes commercial buildings integrated with residential uses, education facilities, and community services. Transport accessibility is supported by proximity to the Diamond Creek Railway Station (approximately 160 meters from the activity center entry) and local bus routes operating along Main Hurstbridge Road. Road infrastructure provides arterial connections to the Metropolitan Ring Road and Greensborough Highway corridors, serving commuters and trade businesses. Utility provisioning includes municipal services standard to developed urban areas, with 5G mobile telecommunications available. Planning provisions for this site fall under Nillumbik Planning Scheme zones and do not indicate bushfire, flood, or heritage overlays. The freeway catchment and increasing residential density within Diamond Creek continue to support investment and service demand for properties in this locality, contributing to the strategic relevance of holdings within the precinct.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 2 |
| Cap Rate | 5.12% | APN/Parcel ID | 14\SP21846 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 14\SP21846 |
The property occupies a prime location in a high-footfall retail environment anchored by essential services, specialty stores, and food operators, creating a robust trade ecosystem. With a secure lease in place through December 2028, coupled with 3% fixed annual rental growth and strong tenant covenant, this investment provides reliable returns and long-term predictability for portfolio diversification.
With its proximity to Diamond Creek Railway Station, strong customer parking availability, and placement within a growing residential community, Shop 15 presents an exceptional opportunity for SMSF buyers, private investors, or entry-level commercial purchasers seeking a low-maintenance, income-producing retail holding in a key suburban village setting.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 15 | 1,173 SF | Office/Retail | $847,751 ($722.72/SF) | $43,445.54 |
Unit 15
| Unit Size |
| 1,173 SF |
| Condo Use |
| Office/Retail |
| Price |
| $847,751 ($722.72/SF) |
| NOI |
| $43,445.54 |
Unit 15
| Unit Size | 1,173 SF |
| Condo Use | Office/Retail |
| Price | $847,751 ($722.72/SF) |
| NOI | $43,445.54 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 14\SP21846 |
| Description | |
| This property is a 109sqm retail/office unit currently being used as an optical store. The layout includes a front of shop retail space and at the back there are private offices.</li></ul> | |
| Sale Notes | |
| An outstanding opportunity to acquire a securely leased retail investment located in the heart of the Diamond Creek Plaza, one of the most tightly held shopping destinations in Melbourne’s northeast growth corridor. This established retail asset offers investors stable income, excellent exposure, and a position within a thriving local hub supported by consistent residential demand.<br> <br> The property occupies a prime location in a high-footfall retail environment anchored by essential services, specialty stores, and food operators, creating a robust trade ecosystem. With a secure lease in place through December 2028, coupled with 3% fixed annual rental growth and strong tenant covenant, this investment provides reliable returns and long-term predictability for portfolio diversification.<br> <br> With its proximity to Diamond Creek Railway Station, strong customer parking availability, and placement within a growing residential community, Shop 15 presents an exceptional opportunity for SMSF buyers, private investors, or entry-level commercial purchasers seeking a low-maintenance, income-producing retail holding in a key suburban village setting.</li></ul> |
Property Facts
| Total Building Size | 20,624 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 20,624 SF |
| Property Subtype | Storefront | Lot Size | 1.12 AC |
| Building Class | C |
| Total Building Size | 20,624 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 20,624 SF |
| Lot Size | 1.12 AC |
Amenities
- Signage
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72 Main Hurstbridge Rd
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