218 Mitcham Road,
Mitcham

This attractive, fully leased entry-level retail investment is ideally positioned within a tightly held neighbourhood shopping strip, alongside established local businesses including Duncan's Liquor, Bella Pizza, Body Motion Physio and Mitcham North Post Office. Currently occupied by Crispy Fish 'n' Chips, the property benefits from convenient customer parking at the front and valuable rear laneway access. Set on approximately 220 sqm of Commercial 1 Zoned land, the property offers investors both a secure income stream and future value-add potential through extension or redevelopment (STCA). The investment currently generates a rental income of $31,985 per annum plus outgoings under a three-year lease commencing in May 2025. The lease includes a further three-year option and annual CPI rent reviews, providing built-in rental growth. A rare opportunity to secure your first commercial investment or expand an existing portfolio in a well-established and highly sought-after outer eastern suburb, supported by a substantial surrounding residential catchment.