1/544-546 Mitcham Road, Mitcham, VIC 3132 sold on 01 May 2026 | OnTheHouse
SOLD
Sold on 01 May 2026 for $600,000

1/544-546 Mitcham Road
Mitcham VIC 3132

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 130m2
Land area: 320m2
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Property Details for 1/544-546 Mitcham Rd, Mitcham

Building Type
Commercial
Floor Size
130m2
Land Size
320m2
Local Government
Whitehorse
Lot/Plan
1/SP36629

Last Listing description (April 2026)

Hudson Bond Commercial is pleased to present this highly exposed retail investment in the heart of Mitcham's bustling retail precinct.

Located on Mitcham Road with excellent street visibility, this property offers a secure income stream and strong long-term investment potential.

Key Features:

Leased on a 7 year + 5 year lease term
Current Rent: $33,296.64 + GST per annum
Secure tenant providing reliable income
Ground floor commercial space with prominent street frontage
Approx. 73sqm of versatile open-plan area
Corner location with excellent signage and exposure
Suited to retail, office, or service-based uses (STCA)
Well-serviced by public transport, including Mitcham Train Station and nearby bus routes
Surrounded by established businesses, cafs, and local amenities

This is an ideal opportunity for investors seeking a well-located, income-producing property in a tightly held and thriving Mitcham precinct.

For further information or to arrange an inspection, please contact the Hudson Bond Commercial team.

Property History for 1/544-546 Mitcham Rd, Mitcham, VIC 3132

A timeline of how this property has performed in the market
Last Sold
$600,000
01 May 2026
Listed for Rent
27 Nov 2018
  • 01 May 2026
    Sold for $600,000
  • 15 Apr 2026
    Listed for Sale $650,000
  • 14 Oct 2023
    Transferred
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About Mitcham 3132

The size of Mitcham is approximately 6.6 square kilometres. There are 23 parks, covering nearly 10.8% of the total area. The population of Mitcham in 2016 was 16148 people. By 2021 the population was 16795 showing a population growth of 4.0% in the area during that time. The predominant age group in Mitcham is 30-39 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, 70.90% of the homes in Mitcham were owner-occupied compared with 69.80% in 2016.

Mitcham has 9,367 properties. Over the last 5 years, Houses in Mitcham have seen a -11.11% decrease in median value, while Units have seen a 0.18% increase. As at 31 August 2026:

  • The median value for Houses in Mitcham is $1,144,194 while the median value for Units is $737,603.
  • Houses have a median rent of $700 while Units have a median rent of $600.
There are currently 25 properties listed for sale, and 9 properties listed for rent in Mitcham on OnTheHouse. According to Cotality's data, 341 properties were sold in the past 12 months in Mitcham.

Suburb Insights for Mitcham 3132

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.