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Generational Eaton Mall Corner hits the market for the first time in 30* years

Jess Freeman • 03/03/2025

A prime retail corner in one of Melbourne’s busiest retail strips has hit the market following some 30-years of continuous ownership by a private Melbourne based family.

30-36 Eaton Mall, Oakleigh comprises some 867sqm* of land area over two titles and offers in excess of 60m* of super prime frontage to Eaton Mall, Oakleigh – an iconic retail precinct with a thriving hospitality scene.

30-36 Eaton Mall, Oakleigh.jpg

 

The stunning property building once housed the State Savings Bank and now boasts a recently renewed lease with recent ASX debutants Chemist Warehouse as well as three (3) additional long standing tenants returning a combined ~$420,000PA.


Cushman & Wakefield agents Raphael Favas, George Davies, Daniel Wolman & Leon Ma are handling the sale.
Mr Favas said "This is a true once in a lifetime opportunity to acquire a true trophy asset and the premier corner of Eaton Mall whilst enjoying enormous future development upside in a suburb of Melbourne identified by state government for high-density residential development".

Mr Davies continued by saying ‘Only three (3) properties have been offered to the market along Eaton Mall, Oakleigh in the last 15-years making this one of the most tightly held strips in Melbourne. Additionally, these sales have maintained an average yield of 2.93%. This is an opportunity that will not present itself again in a very long time’.

This sale follows the recent transaction of the opposite corner at 29 Portman Street, Oakleigh housing local institution Nikos Quality Cakes, where a 94sqm* parcel sold on a sharp 3.03% yield.

30-36 Eaton Mall, Oakleigh is being offered via a Public Auction Campaign to be conducted on-site Thursday 10th April 2025 at 10:30am (AEST).


*Approx.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

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