Overview
- Updated On:
- July 7, 2026
- 980.00 m2
Property Description
Commercial Building For Sale in Melbourne | Keilor East
Premium Multi-Tenanted Investment with Value Add Opportunity in the Heart of Keilor East
CPN Commercial Group is pleased to present 19-21 Centreway, Keilor East for sale via Expressions of Interest closing in 30 days.
Positioned within the tightly held Centreway Shopping Precinct, this exceptional freehold investment offers a secure and diversified income stream with three established tenants and a vacant top floor presenting immediate leasing or owner occupier potential.
With strong rental growth built into the existing leases, Commercial 1 Zoning and a prominent location within one of Melbourne’s most sought after suburban retail precincts, this is an outstanding opportunity for investors seeking both immediate income and future upside.
Commercial Investment Keilor East | Property Highlights
- Multi-tenanted freehold comprising four separate tenancies
- Three established tenants with secure lease terms
- One vacant tenancy offering immediate income growth potential or owner occupier flexibility
- Commercial 1 Zone (C1Z)
- Total building area: Approximately 980 sqm
- Expressions of Interest closing in 30 days
Tenancy Schedule
Ground Floor | 19 Centreway
- Tenant: TSG East Keilor
- Building Area: 120 sqm
- Current Net Rental: $38,250.76 pa plus GST
- Lease Commencement: 1 April 2023
- Lease Term: 3 x 3 x 3 years
- Annual Increases: 3.5% with market reviews
- Tenant pays all usual outgoings
Ground Floor | 21 Centreway
- Tenant: Golden Pour
- Building Area: 200 sqm
- Current Net Rental: $50,000 pa plus GST
- Lease Commencement: 15 October 2025
- Lease Term: 3 x 3 x 3 years
- Annual Increases: 4%
- Tenant pays all usual outgoings
Level 1 | 19-21 Centreway
- Tenant: LTYB East Keilor
- Building Area: 330 sqm
- Current Net Rental: $85,490 pa plus GST
- Lease Commencement: 1 April 2025
- Lease Term: 3 x 3 years
- Annual Increases: 3% with market review at option
- Tenant pays all usual outgoings
Level 2 | 19-21 Centreway
- Vacant
- Building Area: 330 sqm
- Ideal for owner occupiers or leasing to maximise income
Prime Centreway Location
Situated within the thriving Centreway Shopping Precinct, the property enjoys outstanding exposure and is surrounded by a strong mix of established retailers, cafés, hospitality venues, medical services and professional businesses. Centreway continues to be one of Melbourne’s most tightly held neighbourhood shopping strips, benefiting from a loyal local customer base and limited commercial vacancy.
The property also offers excellent connectivity to the Calder Freeway, Western Ring Road, Melbourne Airport and surrounding commercial precincts, making it an attractive destination for businesses and investors alike.
Why Invest in Keilor East?
Keilor East has become one of Melbourne’s most desirable middle ring suburbs, supported by strong population growth, established residential catchments and ongoing investment in surrounding infrastructure. Its strategic location approximately 13 kilometres from Melbourne’s CBD continues to attract businesses seeking a well connected metropolitan location.
With a limited supply of quality commercial freeholds, consistently strong tenant demand and a growing local economy, Keilor East presents excellent long term investment fundamentals.
This property is For Sale via Expression of Interest
For further information or to arrange an inspection, contact the agents below
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