Jarrod Moran and Stan Dawidowski of CVA have just sold a landmark commercial property in Nunawading,  leased to the nationally recognised retailer Early Settler for over 20 years, sold for $5.8 million, achieving a 4%  net yield. The highly sought-after asset was sold through an expression of interest campaign that achieved 93 enquiries and five formal offers, underscoring the strength of demand for secure, long-term investments. 

The property features a 930 sqm* building on a substantial 1,610 sqm* corner block with an impressive 81.61  sqm of dual frontage to Whitehorse Road and Rooks Road. It generates $232,358 net rental + GST annually,  with its Commercial 2 zoning and strategic location offering long-term value and future development potential. 

Situated on the bustling Whitehorse Road retail strip, which attracts more than 28,000 passing vehicles daily,  the property also benefits from 15 on-site parking spaces and rear delivery access. The area is a hub for retail  giants, including Harvey Norman, The Good Guys, and Amart, adding further appeal to this investment. 

“This sale reflects the ongoing appetite for quality assets with strong tenant covenants. With Early Settler’s  long tenure and the property’s high-profile location, it offered security, stability, and future growth—everything  investors are looking for.”  said Jarrod Moran Director- Agency.

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