CBRE is pleased to offer for sale a prime Ashburton Village freehold retail investment fully leased to Joe Frank café located at 246 High Street, Ashburton.

This high-quality retail freehold investment can be summarised by the following key points:

+ A highly exposed single-level freehold investment fully leased to local institution and popular café Joe Frank, providing a strong hospitality offering within the tightly held Ashburton retail precinct

+ Underpinned by a strong 5+5+5 year net lease to Joe Frank with fixed 3% annual increases generating a net income of $58,195 per annum + GST + outgoings

+ Positioned on a valuable 209 square metre* Commercial 1 Zoned (C1Z) landholding with rare triple street frontage to High Street, side roadway access, and rear laneway as well as benefitting from outdoor seating permit

+ Benefitting from exceptional connectivity with immediate proximity to Ashburton Railway Station, Anniversary Trail and high levels of foot traffic with surrounding public car parking

+ A rare opportunity to secure a corner freehold hospitality investment within one of Melbourne’s popular eastern suburbs retail strips at an attractive entry-level price point

246 High Street, Ashburton is offered For Sale via Public on-site Auction Thursday 25th June 2026 at 10:30am (AEST)

To obtain more information or arrange an inspection, please contact the exclusive selling agents below:

Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

*Denotes Approx.