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31-35 Johnson St 645 SF Retail Condo Units in RESERVOIR, VIC 3073
Investment Highlights
- Five contiguous retail properties located on a high-exposure, tightly held section of Johnson Street.
- Excellent connectivity with Keon Park Railway Station approximately 150 m away and easy access to major arterials.
- Four secure tenancies generating strong in-place income with one vacant shop providing immediate value-add upside.
- Prominent street frontage delivering consistent pedestrian and vehicular traffic in a thriving suburban hub.
Executive Summary
31–35A Johnson Street is located in Reservoir, approximately 12 km from Melbourne CBD, within the City of Darebin. The area is characterised by a blend of residential and commercial uses and offers direct access to public bus routes and major arterial roads, including High Street.
5 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
60sqm of space currently leased to a local business on a secure lease delivering an annual rental of approximately $33,000 including GST and outgoings. Offers strong cash flow and stability in a high-visibility retail location.
Sale Notes
This fully leased investment offers a secure income stream with annual rent of approximately $33,000 (including GST and outgoings). The property features an estimated 60 m² of retail space with full street frontage along bustling Johnson Street, ensuring continual foot traffic and visibility. With a reliable tenant in place and minimal management requirements, this is an attractive, income-generating asset that would suit both seasoned investors and first-time buyers seeking stability in a tightly held commercial location.
| Sale Type | Investment |
| Sale Type | Investment |
Description
60sqm of vacant space presenting a prime opportunity for an owner-occupier or to secure a new high-yield lease. Street frontage location with strong exposure to passing traffic.
Sale Notes
Currently vacant, this property offers an immediate opportunity for owner-occupation or for investors to unlock additional rental income with a new, high-quality tenant. Spanning approximately 60 m², this retail premises provides excellent exposure and flexible fit-out potential to suit a variety of business uses. Positioned on a prominent commercial strip close to Keon Park Railway Station, the property delivers long-term leasing appeal in a growing suburban market with strong demand for localized retail services.
| Sale Type | Investment |
| Sale Type | Investment |
Description
60sqm of space leased to a long-standing retail operator with current income of approximately $27,205 per annum including GST and outgoings. Provides immediate returns and a reliable tenant profile.
Sale Notes
An established tenancy underpins this well-located retail investment, generating an income of approximately $27,205 per annum (including GST and outgoings). The 60 m² shop presents a stable cash flow asset complemented by street visibility and proximity to major arterials, bus routes, and train access. With a strong rental position and minimal holding costs, this property offers turnkey simplicity for investors seeking premium exposure in a popular retail corridor.
| Sale Type | Investment |
| Sale Type | Investment |
Description
60sqm of space with solid tenancy generating annual income of approximately $25,308 including GST and outgoings. Ideal for buyers seeking a low-maintenance, income-producing investment.
Sale Notes
Delivering an annual income of around $25,308 inclusive of GST and outgoings, this 60 m² property is leased to a dependable retail operator in a vibrant commercial locale. The shop’s street frontage ensures consistent visibility, while its proximity to significant residential catchments and daily commuter flows strengthens long-term income prospects. A low-maintenance, income-ready investment opportunity in a location underpinned by strong demand fundamentals.
| Sale Type | Investment |
| Sale Type | Investment |
Description
60sqm of space leased to an established retailer paying approximately $28,329 per annum including GST and outgoings. Excellent position within the strip, ensuring ongoing consumer visibility.
Sale Notes
This tenancy is leased to an established retailer, offering security with an annual rental return of approximately $28,329 (including GST and outgoings). With frontage to a high-traffic thoroughfare and immediate connectivity to public transport options, the property offers enduring investment appeal and predictable income. At roughly 60 m², it is a highly manageable asset that suits buyers seeking exposure to an active retail environment with growth potential.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 31 | 645 SF | Retail | Upon Request | - |
| Unit 33 | 645 SF | Retail | Upon Request | - |
| Unit 34 | 645 SF | Retail | Upon Request | - |
| Unit 35 | 645 SF | Retail | Upon Request | - |
| Unit 35A | 645 SF | Retail | Upon Request | - |
Unit 31
| Unit Size |
| 645 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit 33
| Unit Size |
| 645 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit 34
| Unit Size |
| 645 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit 35
| Unit Size |
| 645 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit 35A
| Unit Size |
| 645 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 31
| Unit Size | 645 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| 60sqm of space currently leased to a local business on a secure lease delivering an annual rental of approximately $33,000 including GST and outgoings. Offers strong cash flow and stability in a high-visibility retail location.</li></ul> | |
| Sale Notes | |
| This fully leased investment offers a secure income stream with annual rent of approximately $33,000 (including GST and outgoings). The property features an estimated 60 m² of retail space with full street frontage along bustling Johnson Street, ensuring continual foot traffic and visibility. With a reliable tenant in place and minimal management requirements, this is an attractive, income-generating asset that would suit both seasoned investors and first-time buyers seeking stability in a tightly held commercial location.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 33
| Unit Size | 645 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| 60sqm of vacant space presenting a prime opportunity for an owner-occupier or to secure a new high-yield lease. Street frontage location with strong exposure to passing traffic.</li></ul> | |
| Sale Notes | |
| Currently vacant, this property offers an immediate opportunity for owner-occupation or for investors to unlock additional rental income with a new, high-quality tenant. Spanning approximately 60 m², this retail premises provides excellent exposure and flexible fit-out potential to suit a variety of business uses. Positioned on a prominent commercial strip close to Keon Park Railway Station, the property delivers long-term leasing appeal in a growing suburban market with strong demand for localized retail services.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 34
| Unit Size | 645 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| 60sqm of space leased to a long-standing retail operator with current income of approximately $27,205 per annum including GST and outgoings. Provides immediate returns and a reliable tenant profile.</li></ul> | |
| Sale Notes | |
| An established tenancy underpins this well-located retail investment, generating an income of approximately $27,205 per annum (including GST and outgoings). The 60 m² shop presents a stable cash flow asset complemented by street visibility and proximity to major arterials, bus routes, and train access. With a strong rental position and minimal holding costs, this property offers turnkey simplicity for investors seeking premium exposure in a popular retail corridor.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 35
| Unit Size | 645 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| 60sqm of space with solid tenancy generating annual income of approximately $25,308 including GST and outgoings. Ideal for buyers seeking a low-maintenance, income-producing investment.</li></ul> | |
| Sale Notes | |
| Delivering an annual income of around $25,308 inclusive of GST and outgoings, this 60 m² property is leased to a dependable retail operator in a vibrant commercial locale. The shop’s street frontage ensures consistent visibility, while its proximity to significant residential catchments and daily commuter flows strengthens long-term income prospects. A low-maintenance, income-ready investment opportunity in a location underpinned by strong demand fundamentals.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 35A
| Unit Size | 645 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| 60sqm of space leased to an established retailer paying approximately $28,329 per annum including GST and outgoings. Excellent position within the strip, ensuring ongoing consumer visibility.</li></ul> | |
| Sale Notes | |
| This tenancy is leased to an established retailer, offering security with an annual rental return of approximately $28,329 (including GST and outgoings). With frontage to a high-traffic thoroughfare and immediate connectivity to public transport options, the property offers enduring investment appeal and predictable income. At roughly 60 m², it is a highly manageable asset that suits buyers seeking exposure to an active retail environment with growth potential.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,437 SF | Typical Floor Size | 6,437 SF |
| Property Type | Retail | Year Built | 2018 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.34 AC |
| Building Class | C | Parking Ratio | 1.4/1,000 SF |
| Floors | 4 |
| Total Building Size | 6,437 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 6,437 SF |
| Year Built | 2018 |
| Lot Size | 0.34 AC |
| Parking Ratio | 1.4/1,000 SF |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
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1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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31-35 Johnson St
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