1061 Riversdale Road, Surrey Hills, Vic 3127

A rare opportunity to secure a fully tenanted, dual-purpose asset combining a net-leased retail shop with a substantial four-bedroom residence, all on the one title directly opposite the parkland of Wattle Park. Backed by a stable, established food business tenant and a long-term lease structure with fixed annual increases, this is the kind of low-maintenance, income-secured investment that rarely comes to market.

Investment Highlights:

The retail shop is leased to a stable, established food business on a net lease returning a current net income of $49,680 +GST per annum. The lease is structured on a 3+3+3+3+3 year basis - an initial three-year term with four further three-year options, offering the potential for up to 15 years of ongoing tenancy - with fixed annual rent increases of 3.5%, delivering reliable, growing income with minimal landlord outgoings.

Fronting Riversdale Road with excellent exposure to passing traffic and pedestrians, the retail component (approx. 40sqm) is currently fitted out and trading as a pizzeria, complete with a commercial kitchen, twin pizza ovens, stainless steel prep benches and dine-in seating. A feature exposed-brick chimney breast adds character to the space, while the full-length glass shopfront looks directly out onto the established bushland of Wattle Park across the road.

To the rear, and accessed via its own private entry, sits a self-contained four-bedroom residence (approx. 103sqm) in fresh, near-new condition. The home offers an updated stone-topped kitchen with stainless steel appliances, an open-plan kitchen/meals area, a separate living zone, a central bathroom plus a separate powder room, and an internal laundry. Timber-look flooring, ceiling fans and a built-in robe round out a layout well-suited to rental accommodation, staff housing, or owner-occupation - with Deakin University's Burwood campus nearby adding further appeal for student rental demand.

Outside, a private rear yard with timber paling fencing offers a blank canvas ready for landscaping, off-street parking or storage, with gated rear laneway access for added convenience.

Set on approximately 300sqm with a total building area of approximately 143sqm, the property benefits from an unbeatable position: the route 70 tram stops at Ferndale Street/Riversdale Road, moments from the front door, with Wattle Park - its parkland, golf course and playground - directly opposite. The Elgar Road shops and restaurants are an easy walk or short tram ride away, and Box Hill Central's major retail, dining and transport hub, along with Surrey Hills railway station on Union Road, are both just a short drive away.

Property & Investment Features:

• Net income: $49,680 +GST per annum
•  Lease structure: 3+3+3+3+3 years (initial term plus four 3-year options - up to 15 years potential)
• Fixed 3.5% annual rent increases then market upon option
•  Tenanted by a stable, established food business
•  Rare dual-purpose retail and residential asset on approx. 300sqm
•  Approx. 143sqm total building area (approx. 40sqm shop, 103sqm residence)
•  Separate four-bedroom residence with its own private rear entry
•  Updated kitchen with stainless steel appliances, central bathroom plus separate powder room, internal laundry
•  Rear yard with timber fencing and gated laneway access
•  Route 70 tram stop at the doorstep, with Wattle Park directly opposite
•  Close to Deakin University's Burwood campus
•  Short drive to Box Hill Central and Surrey Hills railway station