![]() Asset Class: | Retail |
![]() Price: | $ 875000 |
![]() Net Yield: | 7.13 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
<p style=""><span style="color:rgb(0, 0, 0);">Located at 43 Genoa Street in Moorabbin, this property offers a compelling investment opportunity in Melbourne's rapidly evolving south-eastern suburbs. Positioned within a newly built complex, the property spans approximately 119 sqm, featuring one secure car space on title. The site benefits from its proximity to key commercial developments, including the vibrant Morris Moor precinct and Stomping Ground Brewery, which are just a short walk away, enhancing the appeal of this location for tenants and visitors alike.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Currently leased to BKworld, a subsidiary architectural company to the reputable commercial construction and building services firm; BuildKomm, the property yields approximately $65,147 per annum plus outgoings and GST, reflecting a solid net yield of 7.13%. The lease commenced on February 28, 2022, with a five-year term and two additional three-year options, providing potential for long-term rental income stability. Lease terms include fixed 3% annual rent increases, and the tenant is responsible for all outgoings, excluding land tax and property management.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">For investors, Moorabbin's strategic position about 15 km from Melbourne CBD, along with nearby amenities and infrastructure improvements, underscores its growth potential. The area's gentrification and the influx of retail, hospitality, and mixed-use developments are indicative of a thriving commercial landscape, making this property a well-located asset within a dynamic urban environment.</span></p>
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<p style=""><span style="color:rgb(0, 0, 0);">Moorabbin is a well-established suburb in Melbourne, located approximately 15 kilometres southeast of the Melbourne CBD. </span></p><p style=""><span style="color:rgb(0, 0, 0);">Known for its mix of industrial, commercial, and residential zones, Moorabbin is strategically positioned near major arterial roads, such as Nepean Highway and the South Road, which provide easy access to both the CBD and surrounding suburbs. </span></p><br><p style=""><span style="color:rgb(0, 0, 0);">The suburb is serviced by the Moorabbin train station on the Frankston line, offering convenient public transport options for residents and businesses alike.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">As of the latest census data, Moorabbin has a population of around 6,524 people. The demographic profile is diverse, with a mix of young professionals, families, and older residents. Over recent years, Moorabbin has seen gradual population growth, with a steady influx of younger families and professionals attracted by the area’s relative affordability compared to suburbs closer to the CBD. This shift is fuelling gentrification, as more modern amenities, cafes, and shops continue to emerge alongside established businesses.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Moorabbin is undergoing significant redevelopment and modernization, driven by both private and public investment. Industrial areas are being transformed into mixed-use developments, incorporating residential, retail, and office spaces. The "Moorabbin Revitalisation Project," an initiative by the Kingston City Council, aims to enhance the local economy, improve infrastructure, and attract new businesses, which will likely add to the area's desirability. Moorabbin is also home to the large DFO Moorabbin shopping complex and other commercial hubs, making it a convenient shopping destination in the south-eastern suburbs.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">For investors, Moorabbin presents an appealing mix of affordability, strong rental demand, and future growth potential. The ongoing gentrification and infrastructure improvements suggest a positive outlook for property values. Its proximity to the CBD, coupled with ease of access to key transport routes and the potential for further redevelopment, makes Moorabbin a suburb with promising long-term growth potential, especially for commercial and residential investors.</span></p>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);"><b>BK World</b></span></p><p style=""><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">A subsidiary of the well-established construction company </span><span style="color:rgb(0, 0, 0);"><b>Buildkomm</b></span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;">, </span><span style="color:rgb(0, 0, 0);"><b>BK World</b></span><span style="color:rgb(0, 0, 0);margin-inline-start:0cm;"> is a dynamic architectural firm specializing in innovative, high-quality new developments across Melbourne’s Glen Eira, Bayside, and Frankston regions. BK World’s portfolio is diverse, ranging from boutique side-by-side townhouses to multi-dwelling residential projects with 10-30 units, as well as bespoke luxury homes designed to meet the highest standards of modern living.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">With a focus on thoughtful design and functionality, BK World collaborates closely with Buildkomm to deliver projects that balance aesthetic appeal with practicality. Their expertise spans various architectural styles, catering to a broad spectrum of client needs, from investors seeking high-yield properties to homeowners looking for premium, custom-built residences.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);"><b>Buildkomm</b></span><span style="color:rgb(0, 0, 0);">, the parent company, has been successfully operating for over 15 years, with a track record of delivering quality construction projects on time and within budget. This strong foundation allows BK World to leverage Buildkomm’s construction expertise, ensuring seamless project execution from concept to completion. Together, the two companies offer a vertically integrated solution that simplifies the development process and enhances project outcomes.</span></p><p style=""><span style="color:rgb(0, 0, 0);">BK World’s commitment to excellence, coupled with Buildkomm’s industry experience, has earned them a solid reputation in Melbourne’s property market.</span></p><br><br><p style="padding-left:5.4pt;"><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Buildkomm </b></span></p><br><p style=""><a style="color:rgb(211, 184, 109);display:inline;" target="_blank" href="https://www.buildkomm.com.au/"><u>https://www.buildkomm.com.au</u></a></p><p style=""><span style="color:rgb(0, 0, 0);">Buildkomm is a well-established company in the commercial construction and building services sector, with a track record of delivering projects across Victoria. Founded over 15 years ago and drawing on a combined 30-years of experience the company has grown significantly, completing projects that range from retail fit outs to large-scale commercial developments. Buildkomm operates in various sectors, including hospitality, office, retail and residential, serving a diverse portfolio of clients.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);"><b>SERVICES</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);"><b>RESIDENTIAL & COMMERCIAL</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">We provide the complete service whilst maintaining full control of the design and planning process to obtain permits and council approval.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Our passion is delivering:</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Duplexes</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Townhouse developments</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Apartments (with or without basements)</span></p><p style=""><span style="color:rgb(0, 0, 0);">• High end residences </span></p><br><p style=""><span style="color:rgb(0, 0, 0);"><b>PROJECT MANAGEMENT</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Our output can be tailored to suit each client’s requirement including:</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Project feasibility & land acquisition</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Town planning</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Design and construction</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Sales & Marketing</span></p>
Initial Term:
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Security Info:
43 Genoa St, Moorabbin $65,147 119sqm $547.45 215A Chesterville Rd, Moorabbin $43,179 64sqm $674.67 41 Genoa St, Moorabbin $65,544 120sqm $546.20 45 Genoa St, Moorabbin $55,216 100sqm $553.16 47 Genoa St, Moorabbin $25,000 50sqm $500 49 Genoa St, Moorabbin $58,349 123sqm $474.38
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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-weight:normal;font-style:normal;">Returning approximately $65,147 per annum plus outgoings and GST </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-weight:normal;font-style:normal;">7.13% net yield</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-weight:normal;font-style:normal;">5-year lease with an additional 2 x 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-weight:normal;font-style:normal;">Fixed annual 3% 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-weight:normal;font-style:normal;">Tenant is BKworld – Subsidiary company to Buildkomm, occupied since 2022</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-weight:normal;font-style:normal;">Tenant pays all outgoings apart from land tax and property management</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-weight:normal;font-style:normal;">120 sqm premises approx.</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-weight:normal;font-style:normal;">1 secure car space on title </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-weight:normal;font-style:normal;">Newly built complex </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-weight:normal;font-style:normal;">Complex within Moorabbin’s large commercial hub</span></p></li></ul>