Buy a property
Sell your property
Find your local agent

Opportunity knocks

Here for your property journey

News and market insights

Property experts since 1902

Browse

Terms

Floorplan Show all photos

Sold

31 May Road,
Lalor 3075, Victoria

259m² land size
185m² building size
Retail

$1,025,000

Property details

Prime Retail Investment in the Heart of Lalor - Open for inspection : Saturday 15 November 10:30 - 11:00am

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.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

  • St Luke's School Primary Prep-6 Catholic 0.22km
  • Lalor Primary School Primary Prep-6 Government 0.86km
  • Thomastown East Primary School Primary Prep-6 Government 1.1km
  • Thomastown Primary School Primary Prep-6 Government 1.1km
  • Lalor North Primary School Primary Prep-6 Government 1.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

Back to top