CBRE Private Wealth in conjunction with Greville Pabst as Transaction Advisor are pleased to offer to market ‘The Hellenic House Project’ at 515 Highett Road, Highett VIC for sale via National Investment Portfolio Auction 184.

The property has the following key investment highlights:

+ New Five (5) Year lease from February 2026 to February 2031 plus Five (5) further Five (5) Year options to February 2056.
+ The Hellenic House Project: fully licensed Greek inspired restaurant brought to life by renowned chef ‘George Calombaris’ featuring two main dining areas, two outdoor alfresco areas, coolrooms and two fully equipped wet bars open 6 days a week until late.
+ The dual-level 240 sqm* freehold restaurant is immaculately presented with a recent $1.5M ultra-modern refurbishment providing huge tax saving depreciation benefits designed by award winning architect ‘Billy Kavalaras’.
+ Valuable 245 sqm* ‘Commercial 1’ zoning with 6.7m* street frontage and additional access available via rear.
+ Landlord-favourable, set-and-forget ‘net lease’ structure with tenant responsible for all usual outgoings excluding land tax.
+ Fixed, compounding 3% annual rent increases ensuring continued income growth.
+ Lease secured by Bank Guarantee equal to 3 month’s rent + GST plus One (1) Director Guarantee.
+ Prime position fronting 58,800* passing cars weekly (1) plus moments to Highett Train Station (100m*) and major arterial Nepean Highway (250m*).
+ Close proximity to major national brands including Woolworths, Officeworks, Anaconda, Australia Post, Cellarbrations plus Highett Shopping Centre.
+ Highett: affluent south-eastern metropolitan Melbourne suburb located 16km from Melbourne CBD with a median house price of $1,475,000 (2)
+ Net Income: $84,225 pa* + GST

For Sale via Investment Portfolio Auction 184
10:30am AEST Wednesday 13 May 2026
Garden Room, Crown Casino, Melbourne

DAVID NAPOLEONE
0417 308 067
david.napoleone@cbre.com

JAMIE PERLINGER
0413 860 315
jamie.perlinger@cbre.com

GREVILLE PABST – Transaction Advisor
0419 326 361
Gpabst@grevillepabst.com.au

* Approx
(1) Gapmaps
(2) Realestate.com.au