A prime retail corner in one of Melbourne’s busiest retail strips has hit the market following some 30-years of continuous ownership by a private Melbourne based family.
30-36 Eaton Mall, Oakleigh comprises some 867sqm* of land area over two titles and offers in excess of 60m* of super prime frontage to Eaton Mall, Oakleigh – an iconic retail precinct with a thriving hospitality scene.
The stunning property building once housed the State Savings Bank and now boasts a recently renewed lease with recent ASX debutants Chemist Warehouse as well as three (3) additional long standing tenants returning a combined ~$420,000PA.
Cushman & Wakefield agents Raphael Favas, George Davies, Daniel Wolman & Leon Ma are handling the sale.
Mr Favas said "This is a true once in a lifetime opportunity to acquire a true trophy asset and the premier corner of Eaton Mall whilst enjoying enormous future development upside in a suburb of Melbourne identified by state government for high-density residential development".
Mr Davies continued by saying ‘Only three (3) properties have been offered to the market along Eaton Mall, Oakleigh in the last 15-years making this one of the most tightly held strips in Melbourne. Additionally, these sales have maintained an average yield of 2.93%. This is an opportunity that will not present itself again in a very long time’.
This sale follows the recent transaction of the opposite corner at 29 Portman Street, Oakleigh housing local institution Nikos Quality Cakes, where a 94sqm* parcel sold on a sharp 3.03% yield.
30-36 Eaton Mall, Oakleigh is being offered via a Public Auction Campaign to be conducted on-site Thursday 10th April 2025 at 10:30am (AEST).
*Approx.
