31 May Road Lalor, VIC 3075

An exceptionally rare opportunity presents itself with this well-positioned retail shop located at 31 May Road, Lalor - right in the centre of one of the area's most vibrant and high-traffic shopping strips. Perfectly suited for investors, this property offers excellent street exposure, consistent pedestrian activity, and close proximity to established retailers, eateries, and essential local amenities.

The property is currently leased, providing a secure and reliable rental income of approximately $43,045.56 per annum. The lease expires in February 2030, with one optional further term of five (5) years. The lease also includes fixed annual rent increases of three per cent (3%) per annum plus GST.

Its versatile floor space accommodates a wide range of commercial uses, while rear access via the laneway and nearby public parking enhances convenience for both operators and customers. This property sits in a central location, take your pick between Lalor Train Station approximately 950m away and Thomastown Train station approximately 800m away and surrounded by popular local businesses, cafes, and supermarkets, this location benefits from strong ongoing foot traffic and a loyal community base.

Zone: Commercial 1.

Land Area 259 m2 Approx.

Floor Area 185 m2 Approx.

Important Information:

For details on property due diligence, please visit: consumer.vic.gov.au/duediligencechecklist

To view our Privacy Policy and Collection Notice, visit: raywhite.com/franchisee-privacy-policy

Material Facts: Refer to the Contract of Sale and Vendor Statement for all disclosures.

While every effort has been made to ensure the accuracy of the information provided, Ray White Thomastown does not accept any liability for errors or omissions. Interested parties are advised to conduct their own investigations to confirm all details, including land size.