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495A Highett Rd 818 SF Retail Building Highett, VIC 3190 For Sale
Investment Highlights
- Located opposite Woolworths and a short walk to Highett train station, enhancing visibility and commuter access.
- Rear storage shed with separate access provides additional leasing or operational potential.
- Fully leased to an established tenant with options extending through 2038, generating reliable cash flow.
- Flexible Commercial 1 zoning supports a broad range of future redevelopment possibilities (STCA).
Executive Summary
Presented by Chisholm & Gamon Commercial, this tenanted retail property offers an outstanding investment in the vibrant Highett retail and entertainment precinct. Situated directly opposite Woolworths, the property benefits from prime pedestrian exposure and proximity to Highett Railway Station, providing direct connectivity to Westfield Southland and surrounding suburbs.
Highett continues to undergo significant urban transformation, including a major 9.3-hectare redevelopment attracting over 1,000 new residents, supporting strong demand for retail and service-based businesses.
The property features a securely leased tenancy operating as a launderette, generating an annual rental income of $42,182.40 plus GST with 4% annual increases. Current lease runs through September 2028 with two 5-year options, reinforcing income security for investors. Zoned Commercial 1 (C1Z), the property allows for future redevelopment or alternative commercial uses (STCA). A rear shed with independent access offers potential for additional income or functional storage.
This is a rare opportunity to secure a stable investment with favorable zoning in a location positioned for long-term growth within a thriving Bayside community.
Highett continues to undergo significant urban transformation, including a major 9.3-hectare redevelopment attracting over 1,000 new residents, supporting strong demand for retail and service-based businesses.
The property features a securely leased tenancy operating as a launderette, generating an annual rental income of $42,182.40 plus GST with 4% annual increases. Current lease runs through September 2028 with two 5-year options, reinforcing income security for investors. Zoned Commercial 1 (C1Z), the property allows for future redevelopment or alternative commercial uses (STCA). A rear shed with independent access offers potential for additional income or functional storage.
This is a rare opportunity to secure a stable investment with favorable zoning in a location positioned for long-term growth within a thriving Bayside community.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
818 SF
Building Class
C
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.04 AC
Frontage
14’ on Highett Road
Amenities
- Bus Line
- Commuter Rail
- Accent Lighting
- Recessed Lighting
Nearby Major Retailers
1 of 8
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495A Highett Rd
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