30 Atherton Rd

Oakleigh VIC 3166

Other

Currently for sale - view listing

Overview

SECURE INVESTMENT WITH RESIDENTIAL DWELLING IN CENTRAL OAKLEIGH

An outstanding opportunity to secure a tightly held commercial investment in one of Oakleigh's most prominent and sought-after locations, just seconds from the vibrant Eaton Mall precinct. Set on approximately 165 sqm* of land with a substantial 200 sqm* building area, this versatile property combines a secure commercial tenancy with the added benefit of a residential dwelling upstairs, creating a compelling investment proposition with multiple income and future-use advantages. The property is leased to long-standing tenant Just Rentals on a current 5-year lease expiring 28 February 2030*, together with a further 5-year option, providing investors with valuable income security and long-term tenure. Currently returning a net annual income of approximately $65,350* (after land tax), the property also benefits from fixed annual increases of 4%, providing built-in rental growth and enhancing the investment's long-term income profile. As a Commercial 1 zoned landholding with potential development of 4 levels*, the property offers excellent flexibility and occupies a premium position within the heart of Oakleigh. With Eaton Mall just moments away, the property benefits from exceptional exposure, accessibility and proximity to Oakleigh's renowned retail, dining and transport amenities. The additional residential dwelling upstairs further enhances the property's appeal, offering a rare combination of commercial income and residential accommodation within the one holding. With a strong existing tenancy, attractive annual rental increases, valuable residential accommodation and a premium Oakleigh position, 30 Atherton Road represents a rare opportunity to secure a quality commercial investment with genuine long-term potential. *Approximate figures. In conjunction with Mark Watkins from Belle Property Mount Waverley - 0411 396 264