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79 Glenfern Rd 1,054 SF Medical Condo Unit Offered at $482,702 in Ferntree Gully, VIC 3156
Investment Highlights
- Six adjoining retail shops offering a combined multi-tenancy footprint
- Ample on-site customer parking complemented by dedicated staff parking at the rear
- Close proximity to Upper Ferntree Gully Railway Station and public transport access points
- Prominent frontage along Glenfern Road ensuring sustained local exposure
- Suitable for a mix of healthcare, retail, and specialty service operators
- Located within a strong residential catchment supporting ongoing retail and service demand
Executive Summary
Positioned in one of Ferntree Gully’s established commercial hubs, Shops 1–6 at 79 Glenfern Road offer an exceptional opportunity to secure a multi-tenancy investment with strong local prominence. These contiguous retail premises present a versatile platform for investors seeking diversified income streams and long-term stability within Melbourne’s eastern growth corridor. While individual tenancies are currently configured for professional and service-based businesses, the property collectively offers functional layouts suitable for retail, showroom, and specialty users. Each shop benefits from excellent street exposure along Glenfern Road, supported by steady vehicular and pedestrian traffic and proximity to residential neighborhoods. The availability of ample customer parking at the frontage, supplemented by rear staff parking, enhances convenience and accessibility for businesses and clients alike. Connectivity further strengthens the offering with major arterials nearby and Upper Ferntree Gully Railway Station approximately 1.2 km from the site. Surrounding amenities include essential retail services, health and wellbeing operators, and community infrastructure, underscoring the precinct’s commercial vitality. This tightly held retail strip represents a rare chance to acquire multiple freehold titles (or consolidated strata interests, if applicable) delivering an attractive combination of occupancy versatility and income resilience. Whether retained for investment or repositioned for future value-add strategies, Shops 1–6 stand as a solid foothold in a high-demand suburban catchment.
1 Unit Available
Unit 1
| Unit Size | 1,054 SF | Sale Type | Investment |
| Price | $482,702 | Cap Rate | 3.13% |
| Price Per SF | $457.97 | NOI | $15,129.45 |
| Condo Use | Medical | APN/Parcel ID | 1\SP24540 |
| Unit Size | 1,054 SF |
| Price | $482,702 |
| Price Per SF | $457.97 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 3.13% |
| NOI | $15,129.45 |
| APN/Parcel ID | 1\SP24540 |
Description
The property at 1/79 Glenfern Road, Ferntree Gully, VIC is a retail premises of approximately 98 m², configured to accommodate multiple occupiers. It includes both front customer parking and rear staff parking. The site is located along Glenfern Road near Mason Street, approximately 1.2 km from Upper Ferntree Gully Railway Station, and serviced by nearby bus routes. The surrounding area is predominantly residential, supporting neighborhood-level businesses such as healthcare services.
Sale Notes
Seize an outstanding commercial investment opportunity at 1/79 Glenfern Road, located within one of Ferntree Gully’s well-established suburban precincts. This dual-tenant retail property spans 98 m²* and offers a diversified income profile designed to deliver long-term stability. Currently leased to a respected specialist chiropractor paying $1,750 per month through 2027, the asset also provides flexibility for an incoming owner to occupy or lease the remaining portion for additional revenue.
The premises feature a functional layout suitable for professional services, consulting, or health-related tenants. Customers enjoy the convenience of generous on-site parking directly in front, paired with dedicated staff parking at the rear. Positioned on Glenfern Road, the property benefits from constant local exposure and sits within a substantial residential catchment area, ensuring consistent demand from businesses serving community needs.
With a proven healthcare tenancy and strategic connectivity to public transportation options such as Upper Ferntree Gully Railway Station less than 1.2 km away, the location combines accessibility with growth appeal. This offering represents a low-maintenance, income-generating asset in a tightly held area, delivering secure cash flow today and long-term upside for investors or owner-occupiers alike.
+2 More
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Property Facts
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79 Glenfern Rd
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