196 Canterbury RoadHeathmont VIC 3135
Property Details for 196 Canterbury Rd, Heathmont
Last Listing description (April 2026)
BLUE-CHIP RETAIL INVESTMENT IN HEATHMONT VILLAGE
An exceptional opportunity to secure a premium, income-generating retail asset in the heart of the highly regarded and tightly held, Heathmont Village Shopping Centre.
Strategically positioned along vibrant Canterbury Road, this distinguished commercial holding is leased to Milk & Wine Co, a well-established and popular local operator, ensuring both stability and long-term tenant appeal.
Underpinned by a newly renewed 5-year lease, the property delivers a robust and reliable net income of $95,524.16 per annum, making it an ideal acquisition for discerning investors seeking security, quality, and growth.
Investment highlights:
Blue-chip retail asset within the tightly held Heathmont Village Shopping Centre
Securely leased to Milk & Wine Co - a proven, high-performing tenant
Renewed 5 year lease providing long-term income certainty
Strong net return of $95,524.16 p.a.
Fixed 3% annual increases
Building area | 257sqm approximately
Land area | 286sqm approximately
Prominent main road frontage with exceptional exposure
Surrounded by established retailers and strong local foot traffic
Located in a thriving eastern suburbs retail precinct with ongoing demand
This is a rare chance to acquire a set-and-forget investment in one of Heathmont's most tightly held retail pockets, combining dependable income with future upside.
Secure your position in this premium retail precinct. Enquire today.
Property History for 196 Canterbury Rd, Heathmont, VIC 3135
- 13 Apr 2026Listed for Sale Expressions of Interest closing 6th May at 4pm
- 20 Dec 2022Transferred
- 24 Dec 1993Sold for $235,000
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0About Heathmont 3135
The size of Heathmont is approximately 4.4 square kilometres. It has 17 parks covering nearly 9.3% of total area. The population of Heathmont in 2016 was 9688 people. By 2021 the population was 9933 showing a population growth of 2.5% in the area during that time. The predominant age group in Heathmont is 40-49 years. Households in Heathmont are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heathmont work in a professional occupation.In 2021, 80.50% of the homes in Heathmont were owner-occupied compared with 79.90% in 2016.
Heathmont has 4,505 properties. Over the last 5 years, Houses in Heathmont have seen a 9.76% increase in median value, while Units have seen a 19.02% increase. As at 31 March 2026:
- The median value for Houses in Heathmont is $1,088,880 while the median value for Units is $826,279.
- Houses have a median rent of $650 while Units have a median rent of $575.
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