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78-92 Nepean St - Diamond Village Shopping Centre 4,843 SF Retail Condo Unit in Watsonia, VIC 3087
Investment Highlights
- Access to over 130 shared car spaces, ensuring ample capacity for customers and visitors.
- Strong surrounding tenancy mix including pharmacy, supermarket, hospitality, and personal service operators.
- High-profile location near key arterials; 750 m from Greensborough Highway and 2.2 km from Metropolitan Ring Road.
- Strong pedestrian exposure.
Executive Summary
Diamond Village Shopping Centre is a well-established neighborhood retail destination strategically located in Watsonia, serving the local community and surrounding suburbs including Greensborough. The center occupies a prominent position along Nepean Street and benefits from excellent visibility and convenient access to major roadways. Key arterial connections such as Greensborough Highway (approximately 750 m away) and the Metropolitan Ring Road (around 2.2 km away) enhance connectivity, while Watsonia railway station is approximately 900 m from the site. The shopping centre accommodates a diverse tenant mix anchored by Lee’s Supermarket & Liquor, complemented by essential offerings like Watsonia Compounding Pharmacy, convenience food operators, and various service businesses. The complex provides ample parking with over 130 onsite spaces, supporting high customer turnover and accessibility for visitors and staff. Zoned Commercial 1, the property allows for a range of retail, hospitality, and community-oriented uses. Its design includes multiple corner and inline tenancies with strong pedestrian exposure, making Diamond Village an integral community hub and a sought-after location for operators seeking long-term stability and neighborhood presence.
1 Unit Available
Unit 13
| Unit Size | 4,843 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail | APN/Parcel ID | 1\PS336166, 1\TP950277 |
| Unit Size | 4,843 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 1\PS336166, 1\TP950277 |
Description
The available space occupies approximately 450 m² within the Diamond Village Shopping Centre, situated on a 646 m² landholding. It is a prominent corner tenancy with multiple entrances and strong frontage to internal and external pedestrian flows. The property benefits from Commercial 1 zoning and current permit approval to accommodate up to 10 medical practitioners. Access to more than 130 shared onsite car parks supports high-volume visitation, while the layout can be adapted for medical, retail, or hospitality operations.
Sale Notes
Positioned on the most prominent corner within the Diamond Village Shopping Centre, this unit 13 450 m² property provides exceptional exposure and functionality for a wide range of users. Zoned Commercial 1 and benefiting from an approved permit to accommodate up to 10 medical practitioners, the asset is perfectly suited to medical, allied health, large format retail, or hospitality operations seeking to capitalize on a high-profile, community-anchored location. Multiple entrances supply design flexibility, while access to over 130 onsite car spaces enhances convenience for both staff and customers.
Anchored by established local operators including Lee’s Supermarket & Liquor, Watsonia Compounding Pharmacy, and a selection of popular restaurants, this location sustains strong foot traffic and offers immediate integration within an established neighborhood hub. Excellent regional connectivity underpins the site’s value: it is less than 1 km from Watsonia railway station, just 750 m from Greensborough Highway, and 2.2 km from the Metropolitan Ring Road, ensuring smooth accessibility for patients, patrons, and employees. With the scarcity of high-quality freehold positions in Watsonia, this property presents a rare opportunity to secure a long-term platform within an enduring and vibrant local economy.
Ducted Aircon and Lighting
Open Plan space
Reception Area
Property Facts
| Total Building Size | 48,201 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 48,201 SF |
| Building Class | C |
| Total Building Size | 48,201 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 48,201 SF |
Amenities
- Corner Lot
- Signage
Presented by
78-92 Nepean St - Diamond Village Shopping Centre
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