279 High StreetAshburton VIC 3147
Property Details for 279 High St, Ashburton
Last Listing description (June 2026)
This is rare opportunity to secure two adjoining retail freeholds in one of Melbournes most tightly held village precincts.
Held by the same family for generations, this exceptional investment delivers long-standing tenants, strong income security and future development potential, ideal for investors, developers or owner-occupiers seeking a strategic landholding in Melbournes inner east.
Prominently positioned in the thriving High Street Ashburton retail strip, the property enjoys outstanding exposure to heavy vehicle and pedestrian traffic, just moments from Ashburton Train Station and a strong surrounding residential catchment.
Offered on two separate titles and sold together as one parcel, both properties are leased to well-established businesses operating from the premises for over a decade.
The asset generates a secure combined annual rental income of approximately $117,343, with tenants paying all outgoings, ensuring a stable, low-maintenance investment.
Investment Highlights
Two retail freeholds on separate titles offered in one line
Secure combined rental income of $117,343 per annum
Two long-standing tenants:
o Ashburton Cycles (est. 2013)
Bike shop lease to Oct 2026 + option
Net leases tenants pay all outgoings
Strong lease security
o J.J Sushi Japanese Caf (est. 2015)
Japanese caf lease to June 2028 + two further 5-year options
Net leases tenants pay all outgoings
Annual rental growth: CPI reviews, 3% fixed increases, market reviews at options
Prominent High Street frontage with exceptional exposure
Combined building area of approx. 347m
Rear yard and access for operational flexibility
Strategic position in tightly held retail strip
Future development or consolidation potential (STCA)
Location Highlights
Prime position in vibrant Ashburton Village retail precinct
Surrounded by quality retailers, cafs and essential services
Walk to Ashburton Train Station
Strong residential catchment in Melbournes sought-after eastern suburbs
Excellent connectivity to High Street Road, Warrigal Road & Monash Freeway
Contact Michael Katsaris on 0417 017 145 or Garry Fetter on 0411 517 772 today for more information.
Property History for 279 High St, Ashburton, VIC 3147
- 18 May 2026Sold
- 10 Mar 2026Listed for Sale $1,750,000 - $1,850,000
- 17 Dec 2025Transferred
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About Ashburton 3147
The size of Ashburton is approximately 3.0 square kilometres. There are 15 parks, covering nearly 13.2% of the total area. The population of Ashburton in 2016 was 7751 people. By 2021 the population was 7952 showing a population growth of 2.6% in the area during that time. The predominant age group in Ashburton is 40-49 years. Households in Ashburton are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashburton work in a professional occupation.In 2021, 72.90% of the homes in Ashburton were owner-occupied compared with 72.20% in 2016.
Ashburton has 4,008 properties. Over the last 5 years, Houses in Ashburton have seen a -5.84% decrease in median value, while Units have seen a 6.36% increase. As at 30 June 2026:
- The median value for Houses in Ashburton is $1,823,228 while the median value for Units is $1,270,502.
- Houses have a median rent of $885 while Units have a median rent of $740.
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