196-198 Canterbury Road, Heathmont, VIC 3135 | Commercial for sale | OnTheHouse
 
FOR SALE
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196-198 Canterbury Road
Heathmont VIC 3135

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 257m2
Land area: 286m2
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Sip, Savour & Secure!

BLUE-CHIP RETAIL INVESTMENT IN HEATHMONT VILLAGE
An exceptional opportunity to secure a premium, income-generating retail asset in the heart of the highly regarded and tightly held, Heathmont Village Shopping Centre.
Strategically positioned along vibrant Canterbury Road, this distinguished commercial holding is leased to Milk & Wine Co, a well-established and popular local operator, ensuring both stability and long-term tenant appeal.
Underpinned by a newly renewed 5-year lease, the property delivers a robust and reliable net income of $95,524.16 per annum, making it an ideal acquisition for discerning investors seeking security, quality, and growth.
Investment highlights:
• Blue-chip retail asset within the tightly held Heathmont Village Shopping Centre
• Securely leased to Milk & Wine Co - a proven, high-performing tenant
• Renewed 5 year lease providing long-term income certainty
• Strong net return of $95,524.16 p.a.
• Fixed 3% annual increases
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Property Details for 196-198 Canterbury Rd, Heathmont

Building Type
Commercial
Floor Size
257m2
Land Size
286m2
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About Heathmont 3135

The size of Heathmont is approximately 4.4 square kilometres. There are 17 parks, covering nearly 9.3% of the total area. The population of Heathmont in 2016 was 9688 people. By 2021 the population was 9933 showing a population growth of 2.5% in the area during that time. The predominant age group in Heathmont is 40-49 years. Households in Heathmont are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heathmont work in a professional occupation.In 2021, 80.50% of the homes in Heathmont were owner-occupied compared with 79.90% in 2016.

Heathmont has 4,504 properties. Over the last 5 years, Houses in Heathmont have seen a -7.06% decrease in median value, while Units have seen a 10.91% increase. As at 31 July 2026:

  • The median value for Houses in Heathmont is $1,003,832 while the median value for Units is $816,440.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 14 properties listed for sale, and 3 properties listed for rent in Heathmont on OnTheHouse. According to Cotality's data, 166 properties were sold in the past 12 months in Heathmont.

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Brett Diston
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Ray White Commercial Diston Asset Services
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