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77 Mollison St 3,251 SF 100% Leased Retail Building Malmsbury, VIC 3446 $943,150 ($290.14/SF)
Investment Highlights
- Prominent freehold retail/commercial site comprising 302 sqm of building area on 2,201 sqm of land.
- Secondary lease in place with well-established specialty soap and skincare store in heritage stables.
- Heritage setting with beautifully preserved bluestone features, contributing to strong tourist appeal.
- Iconic Malmsbury Bakery tenancy—destination hospitality business with strong visitor traffic.
- Combined annual income of $62,300 + GST underpinned by long-term lease structures.
- Expansive rear allotment with 50 on-site car parks and functional rear access from Clowes Street.
Executive Summary
77 Mollison Street presents a landmark freehold investment at the heart of Malmsbury’s historic main street. Occupying a substantial 2,201 sqm landholding, this property combines secure tenancy income with adaptive future potential in one of Central Victoria’s most visited lifestyle destinations.
The property comprises the renowned Malmsbury Bakery, a true regional destination drawing steady patronage from locals and visitors alike. The main building, approximately 302 sqm, incorporates a fully equipped commercial kitchen, indoor dining zones, secondary kitchenette, and connected tea rooms. Complementing this is a quaint courtyard and the original heritage-listed stables, now trading as a boutique soap and skincare business.
Current improvements also include a lush green courtyard area of approx. 293 sqm, which hosts the secondary tenancy, and a generous rear allotment providing significant functional advantages, including rear access via Clowes Street and 50 on-site car parks—a rare feature in regional hospitality and retail assets.
Underpinned by secure, long-term leases, the bakery operates on a 4 x 5-year agreement delivering $45,000 p.a. plus GST, while the rear retail space returns $17,300 p.a. plus GST on a 2 x 2 term. Combined with the property’s rich historic character and strategic location near the Calder Freeway, this asset offers a mix of stable investment performance and development flexibility (STCA).
The property comprises the renowned Malmsbury Bakery, a true regional destination drawing steady patronage from locals and visitors alike. The main building, approximately 302 sqm, incorporates a fully equipped commercial kitchen, indoor dining zones, secondary kitchenette, and connected tea rooms. Complementing this is a quaint courtyard and the original heritage-listed stables, now trading as a boutique soap and skincare business.
Current improvements also include a lush green courtyard area of approx. 293 sqm, which hosts the secondary tenancy, and a generous rear allotment providing significant functional advantages, including rear access via Clowes Street and 50 on-site car parks—a rare feature in regional hospitality and retail assets.
Underpinned by secure, long-term leases, the bakery operates on a 4 x 5-year agreement delivering $45,000 p.a. plus GST, while the rear retail space returns $17,300 p.a. plus GST on a 2 x 2 term. Combined with the property’s rich historic character and strategic location near the Calder Freeway, this asset offers a mix of stable investment performance and development flexibility (STCA).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,251 SF
Building Class
C
Price
$943,150
Price Per SF
$290.14
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.54 AC
Parking
50 Spaces (15.38 Spaces per 1,000 SF Leased)
Frontage
65’ on Mollison Street
Amenities
- Courtyard
- Signage
- Tenant Controlled HVAC
- Air Conditioning
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77 Mollison St
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