Knight Frank is pleased to present to the market a rare opportunity to purchase three adjoining shops either separately or in-one-line in the thriving retail precinct of The Junction.
The Property is positioned in a high foot traffic area surrounded by boutique retail shops, popular cafs, restaurants and bars trading 7 days a week, as well as commercial and medical offices and the Junction Fair Shopping Centre.
The Property consists of three ground floor strata units each with glazed shop fronts with excellent signage opportunity, common bathrooms, internal access to a rear car park and street level pedestrian access.
Shop 1 64 sqm*, offered with vacant possession, occupies a prominent corner position currently being used as a beauty salon
Shop 2 57 sqm*, offered fully leased until Dec 2024 with a net rental income of $40,304* per annum
Shop 3 51 sqm*, offered with vacant possession, currently used as a beauty salon
Ample onstreet parking for customers and opportunity to purchase additional car parks.
*approximately
The size of The Junction is approximately 0.3 square kilometres. It has 1 park covering nearly 4.4% of total area. The population of The Junction in 2016 was 1052 people. By 2021 the population was 994 showing a population decline of 5.5% in the area during that time. The predominant age group in The Junction is 20-29 years. Households in The Junction are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in The Junction work in a professional occupation.In 2021, 66.20% of the homes in The Junction were owner-occupied compared with 57.90% in 2016.
The Junction has 731 properties. Over the last 5 years, Houses in The Junction have seen a 56.58% increase in median value, while Units have seen a 43.58% increase. As at 30 November 2025:
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