Jarrod Moran, Ian Angelico and Stan Dawidowski of CVA have recently sold four retail leased Investments  across Melbourne’s Eastern Region. 

A notable surge in buyer activity from local investors has drawn attention to the sustained appeal of strategically  positioned commercial properties. This trend underscores a strong preference for assets that are not only well located but also familiar and accessible to buyers within the immediate vicinity.  

Remarkably, every recent property sale was completed by investors residing or operating within a 2-kilometre  radius of the respective site, showcasing the growing confidence in community-based investments and the  desire to secure long-term returns close to home. 

Our comprehensive marketing strategies produced buyer interest and multiple offers from statewide and  interstate-based parties, but it was the localised investment approach from the successful purchasers which  highlighted the importance of convenience, intimate market knowledge, and the ability to actively oversee and  manage assets in nearby areas. 

The standout sales, reflecting robust demand for securely leased investments, include: 

440 Whitehorse Road, Nunawading

Tenant: Early Settler

Sale Price: $5,800,000

Net Yield: 4%

Building Rate: $6,250 per sqm*

Retail 1,Ground Floor, 167 Queen Street, Melbourne

Tenant: NAMOO Izakaya (renowned Japanese café)

Sale Price: $3,230,000 

Net Yield: 4.69% 

Building Rate: $18,000 per sqm* 

2/150 Kelletts Road, Rowville

Tenant: Amcal Pharmacy

Sale Price: $1,370,000

Net Yield: 4.52%

Lease: Recently renewed 5-year lease until 2029

Building Rate: $13,800 per sqm*

54 Jackson Court, Doncaster East

Tenant: Farm Fresh Doncaster 

Sale Price: $1,880,000 

Net Yield: 4.4% 

Lease: Recently renewed 3-year lease until 2027

Building Rate: $8,500 per sqm* 

Related Readings 

Nunawading investment sold for $5.8M by CVA | Commo.

Heritage landmark Chelsea building leased - CVA | Commo.