62-64 Main Street, Upwey, VIC, 3158

CBRE in conjunction with Greville Pabst as transaction advisor are pleased to offer to market ‘IGA Upwey’ located at 62-64 Main Street, Upwey VIC for sale via National Investment Portfolio Auction 183.

The property has the following key investment highlights:

+ Renewed IGA Plus Liquor Supermarket Five (5) Year lease from 1 October 2026 to 30 September 2031 plus Five (5) further Five (5) Year options to September 2056.

+ IGA Plus Liquor: largest independent national supermarket brand with over 1,400** stores across Australia. IGA Plus Liquor Upwey has traded on-site since 2001 with full line including liquor sales and loading dock, open 7 days a week.

+ The property features two further tenancies on the first floor to ‘Foothills Community Care’ and ‘Tuplin Taxation’ detailed in the Information Memorandum.

+ Landlord-favourable, set-and-forget ‘net lease’ structure with tenant responsible for all usual outgoings excluding land tax.

+ Fixed, compounding 3% & 3.5% annual rent increases ensuring continued income growth.

+ IGA lease secured by two director guarantees to the performance of the lease.

+ High profile 883 sqm* triple fronted corner freehold with ‘Commercial 1’ zoning and 86m* combined frontage to Main Street and extensive 128 space public car park.

+ Well-presented 1,320 sqm* building over two floors with first floor access via rear car park/private entrance.

+ Premium position in the heart of Upwey commercial centre directly opposite Upwey Train Station.

+ Upwey: metropolitan suburb 33km* east of Melbourne CBD with a median house price of $895,000(1)

+ Yarra Ranges: gateway municipality to the Dandenong Ranges and Upper Yarra Valley tourism destinations.

+ Net Income: $241,945 pa + GST***

For Sale via Investment Portfolio Auction 183

10:30am AEDT Wednesday 1 April 2026

Garden Room, Crown Casino, Melbourne

DAVID NAPOLEONE

0417 308 067

[email protected]

SAM MERCURI

0413 830 709

[email protected]

GREVILLE PABST - Transaction Advisor

0419 326 361

[email protected]

*Approx

**iga.com.au

***Approx assuming partial land tax exemption for ‘not for profit’ tenancy

(1) realestate.com.au

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