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Rare 1202sqm Corner Site with Two Leased Shops and One Renovated Residence
For Sale
1221 Stud Road, Rowville
Shop & Retail
1202 m²
Contact Agent
Rare 1202sqm Corner Site with Two Leased Shops and One Renovated Residence
An outstanding opportunity for astute investors to secure a prime corner freehold of approximately 1,202sqm in a high-exposure and tightly held location.
This substantial property features two fully leased shops: a popular pizza shop (approx. 80sqm) combined with a renovated three-bedroom residence, and a spacious grocery store (approx. 200sqm), supported by 13 convenient customer car spaces accessed from Bergins Road plus a private carport for residential use.
The residence includes three bedrooms, one bathroom, two toilets, and a carport, offering flexibility and long-term value.
Positioned in the heart of a thriving community, the property is surrounded by a wealth of amenities including shopping centres, supermarkets, banks, medical and community facilities, and schools. Its exceptional accessibility and visibility ensure consistent patronage and enduring tenant demand.
Leasing Details:
+ Pizza Shop & Residence (Lot 1 & 3): $55,233 net p.a. + outgoings, 3% annual increase (renewal in progress)
+ Grocery Shop (Lot 2): $35,799 net p.a. + outgoings, 3% annual increase.5-year renewal executed from 15/05/2026 at $36,873 net p.a. with 3% annual increase.
+ Total Net Rental: $91,032 p.a. + outgoings
Property Highlights:
+ Expansive 1,202 sqm (approx.) corner site with high exposure
+ Two established retail tenants plus renovated residence
+ Net income $91,032 p.a. + outgoings with annual 3% increases
+ 13 on-site car parks for customers plus a private carport for residential use
+ Surrounded by major amenities, schools & retail precincts
+ Excellent long-term investment and redevelopment potential (STCA)
Location
1221 Stud Rd, Rowville VIC 3178, Australia
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