2/1 Colombo Street, Mitcham, VIC 3132 | Commercial for sale | OnTheHouse
 
FOR SALE
Mitcham Station Precinct | Circa 5.9% Yield

2/1 Colombo Street
Mitcham VIC 3132

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 128m2
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Prominent Fully Leased Retail / Hospitality Investment

Ray White Judd White Group is pleased to present this high-quality retail / hospitality investment opportunity, offered to the market via public auction.
This fully fitted hospitality premises is positioned on a high-profile corner location, benefiting from strong exposure, consistent passing traffic and proximity to key retail and transport amenity.
Securely leased to an established restaurant operator, the asset provides immediate income with a lease structure designed to support long-term investment performance.
Key investment highlights:
• Fully fitted retail / hospitality premises
• Leased to established restaurant operator (Top Noodle House)
• New 3-year lease with 3-year option
• Passing rental of $77,233.60 per annum (GST exclusive)
• High-profile corner position with strong passing traffic
• Proximity to public transport and major retail amenity
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Property Details for 2/1 Colombo St, Mitcham

Building Type
Commercial
Floor Size
128m2
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About Mitcham 3132

The size of Mitcham is approximately 6.6 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Mitcham in 2016 was 16148 people. By 2021 the population was 16795 showing a population growth of 4.0% in the area during that time. The predominant age group in Mitcham is 30-39 years. Households in Mitcham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitcham work in a professional occupation.In 2021, 70.90% of the homes in Mitcham were owner-occupied compared with 69.80% in 2016.

Mitcham has 9,343 properties. Over the last 5 years, Houses in Mitcham have seen a 4.83% increase in median value, while Units have seen a 11.21% increase. As at 30 April 2026:

  • The median value for Houses in Mitcham is $1,208,656 while the median value for Units is $799,255.
  • Houses have a median rent of $660 while Units have a median rent of $593.
There are currently 20 properties listed for sale, and 4 properties listed for rent in Mitcham on OnTheHouse. According to Cotality's data, 373 properties were sold in the past 12 months in Mitcham.

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Jason Bertram
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Anita Meng
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Ray White Glen Waverley
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