53 Westminster Street, Oakleigh, VIC 3166 | Commercial for sale | OnTheHouse
 
FOR SALE
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53 Westminster Street
Oakleigh VIC 3166

Bedrooms: -
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Floor area: 300m2
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ENGINEERING AND INDUSTRIAL SUPPLIES (WHOLESALE AND TRADE) SELLING FOR A BARGAIN

Phone enquiries - please call 1300 594 794 and quote property ID 39397.
This is a rare opportunity to acquire a well-established Engineering & Industrial Supplies wholesale and trade business operating successfully for over 30+ years. Generating a good turnover per annum with low overheads and strong net profits, this business is highly regarded ‘middle-man’ operation requiring NO manufacturing and supplies thousands of products including fasteners, nuts & bolts, lubricants, adhesives, abrasives, cutting tools, hand tools, safety equipment, batteries, electrical products, washroom supplies and paints. Major brands include Inox, Bostik, PFERD, Capital cutting tools & other major brands.
The business services 20 major customers and more than 100 regular trade clients, with everything in place including established suppliers and long-standing relationships. All fixtures, fittings, forklift and equipment are included (full list available), with stock to be sold at valuation (worth cost $1.5m but owner will reduce to $1m). No staff are required, basic engineering knowledge would be advantageous, and the retiring owner is willing to assist with a smooth transition.
In addition, the freehold commercial property (RPD: LOT 1 SP21097) is available to be purchased by the buyer of the business (price can be negotiated)..
The premises are ideally located in the southern end of Westminster Street among quality industrial businesses.
The Freehold consists of
A solid brick building of approximately 300sqm is fully fitted for the existing business with a concrete base, 3-phase power, high roller door (approx. 7m), mezzanine level (potential office space), four skylight panels, male and female toilets, and two on-site customer car spaces plus street parking. The building is in good condition.
This is a combined business and property opportunity, with your choice to buyer the whole lot, or just buy the business. Note the owner may be open to leasing the premises to the purchaser if preferred. The property alone is valued at $1.3m+ with other sales in the area selling for more. The business is offered at a modest price, and stock at valuation is approximately $1.5m (owner prepared to negotiate to around $1m).
Enquire for further information.
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Property Details for 53 Westminster St, Oakleigh

Building Type
Commercial
Floor Size
300m2
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About Oakleigh 3166

The size of Oakleigh is approximately 3.5 square kilometres. There are 11 parks, covering nearly 10.8% of the 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 5,623 properties. Over the last 5 years, Houses in Oakleigh have seen a -7.37% decrease in median value, while Units have seen a -4.34% decrease. As at 31 July 2026:

  • The median value for Houses in Oakleigh is $1,230,085 while the median value for Units is $610,699.
  • Houses have a median rent of $715 while Units have a median rent of $625.
There are currently 16 properties listed for sale, and 20 properties listed for rent in Oakleigh on OnTheHouse. According to Cotality's data, 201 properties were sold in the past 12 months in Oakleigh.

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