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
David.napoleone@cbre.com

SAM MERCURI
0413 830 709
Sam.mercuri@cbre.com

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

*Approx
**iga.com.au
***Approx assuming partial land tax exemption for ‘not for profit’ tenancy
(1) realestate.com.au