Leedwell Property is excited to offer an exclusive opportunity to lease the whole or portion of 1a Welbourne Street, Mitcham colloquially known historically as 'Mitcham Deli and Butcher'. The property has prominent road frontage to the busy Princes Road/Welbourne Street precinct amongst a very affluent area.
The landlord having acquired the property in 2022 is seeking Expressions of Interest to lease the premises and work in conjunction with them to facilitate a full refurbishment of the property to return it to its former glory.
We further highlight the below:
The property has been vacant for 20 years+ so don't miss this opportunity to capitalize on this generational opportunity. Leasing Expressions of Interest close Thursday 30th November 2023 @ 4pm.
The size of Mitcham is approximately 1.8 square kilometres. It has 9 parks covering nearly 37.3% of total area. The population of Mitcham in 2016 was 1820 people. By 2021 the population was 1832 showing a population growth of 0.7% in the area during that time. The predominant age group in Mitcham is 10-19 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, 74.10% of the homes in Mitcham were owner-occupied compared with 76.10% in 2016.
Mitcham has 876 properties. Over the last 5 years, Houses in Mitcham have seen a 81.90% increase in median value, while Units have seen a 86.71% increase. As at 31 December 2025:
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