42a Portman Street, Oakleigh

Here is a rare chance to secure a versatile retail property in the centre of one of Melbourne’s most dynamic and tightly held commercial precincts. Set in the heart of Oakleigh’s bustling shopping and dining district, this well-positioned freehold offers significant potential for investors, business owners, or developers seeking a foothold in a blue-chip location.

Surrounded by national retailers, popular cafes and restaurants, and just metres from the iconic Eaton Mall, the property is ideally placed to benefit from Oakleigh’s constant pedestrian traffic and strong local customer base. With the space now available for occupation, it offers a blank canvas ready to be reimagined, leased, or owner-occupied.

Previously home to a long-standing tenant of more than 20 years, the property offers excellent rental potential, with forecast returns upwards of $50,000 per annum plus GST and outgoings.

The allotment spans approximately 125 square metres and falls within a Commercial 1 Zone, allowing for a range of uses and offering potential for future value-add opportunities, subject to council approval.

Oakleigh continues to cement its position as one of Melbourne’s key suburban retail and hospitality destinations. With excellent access to public transport, nearby arterials including the Monash Freeway, Princes Highway, and Warrigal Road, and just a short walk from Oakleigh Train Station, this location offers both convenience and connectivity.

This is an exceptional opportunity to purchase a highly visible, well-located retail freehold in one of the south-east’s most in-demand commercial hubs.

Whether you're an investor, occupier, or looking for a long-term growth asset, this property delivers on all fronts.

To learn more or arrange an inspection, contact us today.