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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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