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79-109 Manningham Rd - Bulleen Plaza 301 SF Retail Condo Unit Offered at $284,578 in Bulleen, VIC 3105
Investment Highlights
- Prominent position on Manningham Road with excellent visibility and arterial connectivity.
- Supported by complementary specialty retailers and service-based businesses.
- Offers front and rear car parking facilities, enhancing customer accessibility, Consistent and high foot traffic driven by daily convenience shopping
- Anchored by major national tenants including Coles, Chemist Warehouse, and Liquorland
- Serves a strong catchment within an established residential suburb in Melbourne’s east.
Executive Summary
The property comprises Bulleen Plaza, a neighborhood shopping center within Melbourne’s eastern suburbs. The site incorporates multiple ground-floor retail tenancies organized around a core pedestrian mall and supported by on-site car parking areas at the front and rear. Zoned Commercial 1 Zone, the property occupies a prominent position along Manningham Road with convenient connectivity to the Eastern Freeway and the surrounding residential catchments. The plaza is configured to maximize accessibility through direct street exposure and established public transport routes, including local bus services. The surrounding area features a well-established residential base, schools, and community amenities, underpinning steady retail demand.
1 Unit Available
Unit 28
| Unit Size | 301 SF | Condo Use | Retail |
| Price | $284,578 | Sale Type | Investment |
| Price Per SF | $945.44 |
| Unit Size | 301 SF |
| Price | $284,578 |
| Price Per SF | $945.44 |
| Condo Use | Retail |
| Sale Type | Investment |
Description
This property is a 28 m² strata-titled retail unit positioned at a high-visibility location within Bulleen Plaza, adjacent to the main entrance of the center. The space provides strong pedestrian flow, benefiting from its corner placement within the internal mall. It supports various specialty retail or service-oriented uses under the current zoning and includes shared access to on-site car parking facilities located at both the front and rear of the plaza
Sale Notes
The property represents an established strata retail investment located within an inner-eastern Melbourne neighborhood shopping center. The unit is securely leased on a three-year term commencing 1 September 2025, with starting rent of $26,000 per annum plus outgoings, increasing annually by 3%, and options for three further terms of three years each. Outgoings are paid by the tenant, and recent comparable sales in the precinct reflect strong demand for strata retail in Bulleen.
Investment Details:
Lease Term: 3 years from 01/09/2025
Current Rent: $26,000 per annum + outgoings + GST
Scheduled Increase: $26,780 per annum from 01/09/2026
Annual Increases: 3%
Further Terms: 3 options of three (3) years each
Property Facts
| Total Building Size | 105,497 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 94,733 SF |
| Building Class | C | Lot Size | 2.18 AC |
| Total Building Size | 105,497 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 94,733 SF |
| Lot Size | 2.18 AC |
Amenities
- Air Conditioning
Presented by
79-109 Manningham Rd - Bulleen Plaza
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