 Asset Class: | Retail |
 Price: | $ 1240000 |
 Net Yield: | 6.02 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p style=""><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">This “trophy corner” opportunity presents a highly secure investment prospect with both commercial properties long-leased to iconic and well-established local businesses. Located on the main street next door to the LPO with easy parking and a wide pedestrian frontage, the desirable retail location with unrivalled exposure to passing traffic swells with tourists on weekends and holidays with Puffing Billy train station and Belgrave station just footsteps away and is positioned in a “gateway” to the majestic Dandenong Ranges locale. </span></p><br><p style=""><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"><b>#1708</b></span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"> – Leased to Ash and Oak Barbershop - a diverse range of barbers bringing you the best cuts in the hills with a retail section selling apparel, leather goods and more plus a vibrant tattoo studio at the rear.</span></p><p style=""><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"><b>#1710</b></span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"> – Leased to iconic Bensons café and restaurant since 2003 (over 20 years), a fully licensed local institution open 7 days a week.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">Both premises are fully leased and delivering returns of $81,740 excl GST per annum</span></p><br><p style=""><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"><b>The Opportunity:</b></span></p><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;font-weight:normal;font-style:normal;">Rare opportunity to acquire two commercial business properties within the tightly held Belgrave Village.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;font-weight:normal;font-style:normal;">High local significance as a landmark building</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;font-weight:normal;font-style:normal;">Distinct frontage to the pedestrian thoroughfare in a Commercial 1 Zone (C1Z)</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;font-weight:normal;font-style:normal;">Surrounded by bustling bakeries, takeaway’s, cafes, supermarkets, wine bars, fashion boutiques and next door to the LPO.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;font-weight:normal;font-style:normal;">Moments to Woolworths, Cameo Cinemas and Belgrave train station</span></p></li></ul><br><p style=""><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"><b>Historical Significance</b></span></p><p style=""><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">Formerly the local bakery, the nineteenth century, timber clad, corner shop has an unusual beaded timber, stepped parapet, visible above a hipped, corrugated iron veranda. The larger of the shops is located at the corner of the former Bakery and has a traditional angled corner entry, highlighted by a taller parapet section with a decorative curved profile. The smaller shop faces Burwood Highway; its doorway location delineated by a stepped, rectangular element at parapet level. Both shops have undergone alterations, with the replacement of shopfront windows, doors and cladding. While the interior of the larger shop has been substantially modified, the smaller shop is relatively intact with remnant tiles and panelled timber above the shopfront window and original floorboards to the front interior.</span></p>
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<p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Belgrave is well-connected to Melbourne’s CBD via Belgrave Railway Station, the final stop on the Belgrave Line, offering a direct train service to Flinders Street Station in about an hour. Major arterial roads such as the Burwood Highway provide easy access to surrounding suburbs and commercial hubs like Ferntree Gully and Ringwood. The area is also serviced by several bus routes, enhancing connectivity to local amenities.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Retail & Lifestyle Amenities</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Belgrave’s town centre is a bustling hub featuring independent shops, cafés, restaurants, and essential services. The suburb is home to the famous Puffing Billy Railway, a historic steam train that attracts thousands of visitors annually, supporting local businesses and hospitality venues. Key retail precincts nearby include Belgrave Central, Tecoma shops, and Ferntree Gully Village, providing access to supermarkets, specialty stores, and health services.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Education & Community Services</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Belgrave is home to Belgrave Heights Christian School and St. Thomas More Primary School, with secondary education options available in nearby Upwey and Ferntree Gully. The suburb also boasts a strong arts and cultural scene, with Burrinja Cultural Centre hosting exhibitions, live performances, and community events.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Recreation & Natural Attractions</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Surrounded by the stunning Dandenong Ranges National Park, Belgrave offers a wealth of outdoor activities, including hiking, cycling, and wildlife exploration. Popular attractions include Sherbrooke Forest, the 1000 Steps Kokoda Track Memorial Walk, and Grants Picnic Ground, making it a prime location for nature lovers.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Investment Potential</b></span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Belgrave’s affordable property prices compared to Melbourne’s inner suburbs, combined with strong demand for rental properties, make it an appealing choice for investors. The suburb’s proximity to tourist attractions, growing commercial precincts, and improving infrastructure adds to its investment viability. The low vacancy rates and increasing interest from tree-changers and families looking for a quieter lifestyle further support its growth potential.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">With its blend of lifestyle appeal, strong transport links, and proximity to major retail and recreational facilities, Belgrave presents a compelling opportunity for both residential and commercial property investors looking for long-term stability and capital growth.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);"><b>Bensons Café </b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Bensons Café and Restaurant, located in the heart of Belgrave at 1708-1710 Burwood Highway, is a well-established dining venue offering eclectic Modern Australian cuisine. Since its inception in 2003, Bensons has become a beloved spot for both locals and visitors, providing a warm and homely atmosphere with banquet seating and gentle lighting that contribute to an intimate and contemporary feel. A local staple for over 20 years, Bensons boasts 4.3 stars with over 600 reviews.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Ash & Oak Barbershop</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Ash and Oak Barbershop is a locally owned and operated barbershop located at 1708 Burwood Highway, Belgrave, Victoria. The establishment aims to bring the classic barbershop experience to the heart of Belgrave, offering a blend of traditional barbering services with a modern twist. </span></p><p style=""><span style="color:rgb(0, 0, 0);">1708 Is also home to Templar Tattoo, where creativity meets craftsmanship. Talented tattoo artists, Tim and Ollie, each bring over 10 years of tattooing experience to the table. </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b> </b></span></p>
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1/1642 Burwood Highway, Belgrave $44,601 110sqm $405psqm 2/1642 Burwood Highway, Belgrave $28,198 50sqm $564psqm 156 Main Street, Bairnsdale $52,717 120sqm $439psqm 43 Olinda Monbulk Road, Olinda $119,809 227sqm $528psqm 5A/215 Princes Highway, Beaconsfield $55,000 79sqm $696psqm 46-50 Old Princes Highway, Beaconsfield $53,000 122sqm $434psqm
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Due Diligence:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Fully leased retail investment</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> with long-standing tenants, including Bensons Café, Ash and Oak Barbershop</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Total rental income of $81,740 per annum</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">, with fixed CPI-linked annual increases.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Lease security:</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> Bensons Café secured until 2027 (5 + 5-year option), Ash and Oak Barbershop leased until 2025 with next option in the process of being exercised (3 + 3-year option)</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>High exposure location</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> in the heart of Belgrave’s retail precinct, a key gateway to the Dandenong Ranges.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Proximity to key transport links,</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> including Belgrave Train Station and major arterial roads such as Burwood Highway.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Established tourism appeal,</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> benefiting from high foot traffic due to its close proximity to Puffing Billy Railway and Dandenong Ranges National Park.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Surrounded by key retail and lifestyle amenities,</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> including supermarkets, cafés, and essential services.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Attractive investment potential</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> with low commercial vacancy rates and steady demand for retail space in the area.</span></p></li></ul>
