Positioning itself as a desirable high yielding investment, this rare offering is a chance to add a securely tenanted asset to your improving portfolio.
The property is fully leased to a popular local cafe operation until 2/4/2028 (Churchill Cafe) with two further 5-year options to 2038.
The outdoor area and the shop are currently returning a rental income of approx. $89,414 per annum ($7,451.20 per calendar month) approx. with annual CPI increases.
The classic building and outdoor area is positioned on 316sqm and is incredibly located in a bustling shopping strip within walking distance to the new Union Train Station, and only 1.3km to Box Hill Central.
Features:
A classic building with plenty of space for indoor seating and kitchen
An outdoor space with room for chairs, tables and umbrellas
Returning a rental income of approx. $89,414 per annum, leased until 2028, with two further 5-year options to 2038
Land area is 316sqm, zoned C1Z
Potential to extend or build on the outdoor area (STCA)
Securely leased to a popular cafe in a bustling shopping strip walking distance to Union train station, tram and bus
Located among an eclectic array of shops, restaurants and services along Mont Albert's primary shopping strip, close to connecting major roads.
This is an exciting opportunity not to be missed! Call today!
The size of Mont Albert is approximately 1.7 square kilometres. It has 5 parks covering nearly 2.4% of total area. The population of Mont Albert in 2016 was 4840 people. By 2021 the population was 4948 showing a population growth of 2.2% in the area during that time. The predominant age group in Mont Albert is 50-59 years. Households in Mont Albert are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mont Albert work in a professional occupation.In 2021, 69.60% of the homes in Mont Albert were owner-occupied compared with 70.00% in 2016.
Mont Albert has 2,815 properties. Over the last 5 years, Houses in Mont Albert have seen a 30.59% increase in median value, while Units have seen a 15.77% increase. As at 31 October 2025:
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