Top picks for commercial real estate in Melbourne’s southeast
If you’re a buyer on the hunt for an opening in the commercial investment market, Melbourne’s south east is a real estate hotspot.
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Aussies are passionate about real estate, and one of the booming markets is in Melbourne’s south eastern suburbs.
If you’ve dreamt of running a business in a prime location or perhaps you’re a property tycoon looking to add to the portfolio, there are plenty of great opportunities southeast of the CBD.
Leader has put together a list to showcase the type of real estate opportunities open to potential investors.
Cranbourne West Shopping Centre
For the first time since 2020, investors have the opportunity to get their hands on a newly constructed neighbourhood shopping centre.
Expected by agents to sell for upwards of $45m, the property also provides the future owner with an opportunity to deepen the value of their investment.
The site includes 1.12ha of undeveloped land with full commercial 1 zone provisions, and has already received interest from outside sources.
“The land is ready for immediate development, and there have already been formal expressions of interest from national retailers for the use of it,” Colliers’ agent Tim McIntosh said.
“The registered interest we’ve seen so far has been from childcare, fast food and fuel business.”
The site has dual frontage to both Hall and Evans roads, two well-travelled roads used by 17,000 vehicles everyday.
The Woolworths store has an accompanying BWS and multiple specialty neighbours as well as a stand-alone medical centre.
Expressions of interest close March 15 at 2pm and can be made here.
Infinite Fitness Peninsula – 22 Remount Way Cranbourne West
Catering to both the fitness and investing communities, this listing comes with a long-term popular tenant in Infinite Fitness Peninsula.
The gym has called Remount Way home since 2016, and told its social media followers it “don’t plan on going anywhere any time soon”.
With a full gym fit-out, the fully maintained business guarantees the future owner a healthy, long-term partnership with the gym.
The property is earning $63,000 per annum with a 5x5 year lease.
To find out more click here.
Cranbourne Gardens
The last parcel of undeveloped land in Cranbourne hit the market in November giving investors a rare opportunity to get into the southeastern growth corridor.
Cranbourne Gardens, at 860 Ballarto Rd, was listed by Stonebridge and LAWD in Botanic Ridge, one of the newer and more popular estates in the southeastern suburb.
With 20.89ha for a residential or aged care development, the land is surrounded by other successful estates including Brampton, Acacia and Illawarra.
Stonebridge agent Dylan Kilner said opportunities like this one were few and far between.
“Opportunities like this don’t often come up, especially with the size of the land,” he said.
“Local town planners and the council have supported the land to hold 340 residential lots.
“There are a number of residential and aged care groups already looking at the site, and the future value is estimated at $80m.”
EastLink Peninsula Towers
With a price range between $539,000 and $2.9m, The EastLink Towers are one of the more unique commercial real estate finds in Melbourne’s southeast.
Known as the Metropolitan and Peninsula towers, the development — as the name suggests — sits next to the EaastLink Freeway.
Healthcare company Bolton Clarke and Fire Services Victoria already called the towers home.
Stonebridge agent Dylan Kilner told Leader the “demand for the office suites had been the strongest among owner-occupiers of professional services, including law firms, accounting firms and financial planners”.
“Businesses obviously need spaces, and a lot of people are now finding it more cost effective to own the premises rather than pay rent,” he said.
“In the first five weeks of the sales campaign, we have had 71 buyer inquiries with the majority from local businesses looking to own the premises rather than pay rent.”
Find more information about the EastLink towers here.
gemma.scerri@news.com.au
