45 Chester Street, Oakleigh, VIC 3166 | Commercial for sale | OnTheHouse
 
FOR SALE
Auction (On-site & Online)

45 Chester Street
Oakleigh VIC 3166

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 92m2
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Auction Time
Wed 17 Dec 11:00 am
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No upcoming inspections scheduled.
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Longstanding Hospitality Tenant - Central Oakleigh Village Position

RWC (Oakleigh) is pleased to offer 45 Chester Street, Oakleigh which is being offered to the market via a public On-site & Online Auction scheduled for Wednesday 17th December 2025 at 11am.
Located within the thriving retail precinct of Oakleigh Village, the property is surrounded by an array of local institutions and national tenants and is situated on the corner of Chester and Hanover Street.
This trophy investment is securely leased to Oakleigh Fish & Chippery, occupying a highly exposed and prominent position in the heart of a retail precinct that needs no introduction.
Oakleigh, anchored by the famous Eaton Mall, is recognised as one of the south-east's most popular and vibrant locations that is underpinned by a thriving hospitality scene.
Key Property Features:
• Total building area | 92m²*
• Rare opportunity for investors to secure a landmark retail investment with one of Melbourne's most recognisable addresses
• Polished concrete floor
• Quality internal fit out
• Outstanding exposure, over 21 metre frontage being on the corner of Hanover & Chester Street
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Property Details for 45 Chester St, Oakleigh

Building Type
Commercial
Floor Size
92m2
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About Oakleigh 3166

The size of Oakleigh is approximately 3.5 square kilometres. It has 11 parks covering nearly 10.8% of total area. The population of Oakleigh in 2016 was 7893 people. By 2021 the population was 8442 showing a population growth of 7.0% in the area during that time. The predominant age group in Oakleigh is 20-29 years. Households in Oakleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh work in a professional occupation.In 2021, 62.70% of the homes in Oakleigh were owner-occupied compared with 64.40% in 2016.

Oakleigh has 5,622 properties. Over the last 5 years, Houses in Oakleigh have seen a 16.82% increase in median value, while Units have seen a 8.06% increase. As at 31 October 2025:

  • The median value for Houses in Oakleigh is $1,280,729 while the median value for Units is $651,311.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 14 properties listed for sale, and 16 properties listed for rent in Oakleigh on OnTheHouse. According to Cotality's data, 218 properties were sold in the past 12 months in Oakleigh.

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George Kelepouris
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Ray White Commercial Oakleigh
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