As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.
01. Point of Interest
02. Point of View 03. Property Features
04. Commercial Trajectory
05. Property Particulars
06. Location 07. Appendices Floorplan
DIAMOND POSITION WITHIN WATSONIA SHOPPING CENTRE.
Fronting every street within this Diamond’s orbit, this retail, service, or foodie building is your ticket into a tightly held and fiercely local area. Sitting in the corner position of Diamond Village Shopping Centre, the 529.8 sqm* space can be utilised as a healthcare service, Watsonia’s next best takeaway, or any small to medium business owner wanting community exposure.
Beyond the 76 on-site council car parking spaces, there are also numerous options to lease the building in parts or as a whole. Rub shoulders with the resident’s go-to pharmacy, Diamond Village Fish Box, acupuncture, and Thai takeaway, while also being situated 750 m* from Greensborough Highway, 2.2 km* from Metropolitan Ring Road, and only 900 m* from Watsonia railway station.
Access to 76 on-site parking spaces.
total land area
Total building area in prime corner spot.
Strategically located within beloved community shopping centre.
From Watsonia railway station.
Greensborough Highway.
POINT OF VIEW
Anchored by a titan tenant in Lees Super IGA, the foot traffic here is as high as the waitlist to get in. Establish yourself on the most prominent corner of the (shopping) centre of it all.
Craig McKellar | 0431 892 780 craig.mckellar@cva.melbourne
“Prime corner space in the heart of Watsonia – where high foot traffic meets community connection. The perfect spot to grow your business.”
Craig has been transacting commercial real estate in Melbourne’s north for more than a decade. And in that time, he’s marvelled at how the properties within this point of the city have adapted to the burgeoning urban landscape. It’s a transformation he has witnessed not just as a real estate agent but a property consultant, too. He’s equipped with the resources to think beyond today and forecast market trends, investor profitability and even Melbourne’s weather — yes, you should always pack a jumper.
The property at 13/78 Nepean Street features a total land area of 646 sqm* and a spacious building area of 529.8 sqm*, strategically located on a prime corner within a beloved community shopping centre.
With Commercial 1 zoning, this versatile space is suitable for various business types, providing significant growth potential. The property also benefits from access to 76 on-site parking spaces, ensuring convenience for both tenants and customers.
Situated just 750 m* from the Greensborough Highway, 2.2 km* from the Metropolitan Ring Road, and 900 m* from Watsonia railway station, this location offers excellent connectivity and accessibility. The combination of high visibility, ample parking, and strategic positioning makes this property an attractive investment opportunity for owneroccupiers and investors alike.
Strategic Location:
High viability and corner positioning (good foot traffic)
Proximity to Watsonia railway station (900 meters)
Established shopping Centre:
Lees Super IGA as an anchor tenant
Diverse existing tenants
Flexible Leasing options :
Ability to lease parts of the building (options to lease portion of the space and great exposure)
Commercial 1 Zoning :
Wide range of uses
Variety of business operations
Diverse commercial opportunities
Parking & Accessabiliy:
76 onsite car spaces
The commercial trajectory for this property looks positive, particularly for businesses that can tap into the existing foot traffic, local community loyalty, and strategic positioning within Watsonia. Tenants looking for strong exposure in a suburban community hub with solid infrastructure and flexibility in space usage should find this property attractive, ensuring steady demand for leasing.
Title particulars
Zoning
Planning Overlays
Municipality
Certificate of Title — Volume 11502 Folio 320
Lot 1 on Plan of Subdivision PS336166
Commercial 1 Zone (C1Z)
Development Contributions Plan Overlay — Schedule 1 (DCP01)
City of Banyule
All signs point to: Nepean Street
Nepean Street known for its family-friendly atmosphere and convenient access to local amenities. This prime location offers unparalleled advantages that are pivotal for potential businesses and investors:
Convenient Location: Nepean Street is situated in Watsonia, a suburb known for its suburban charm and close proximity to Melbourne’s central business district. It provides easy access to public transport through the Watsonia train station, which is part of the Hurstbridge line, offering a convenient commute to the city.
Shopping and Dining Options: The property is close to Watsonia Village, offering a variety of retail stores, supermarkets, cafes, and restaurants.
Access to Major Roads: Nepean Street is close to major roads such as the Greensborough Highway and M80 Ring Road, providing quick access to Melbourne’s northern suburbs and beyond.
Educational Institutions: Watsonia offers excellent access to educational institutions, including Watsonia Primary School, Loyola College, and La Trobe University nearby.
Parks and Recreation: The property is in proximity to Watsonia Library and Gresswell Forest Nature Reserve, as well as other parks like Binnak Park and Watsonia Reserve, offering outdoor recreational opportunities for walking, picnicking, and exercise.
Growing Suburb: Watsonia is part of a growing suburb with recent development projects, making it an attractive area for investment. The increasing demand for housing in the area could mean potential capital growth for properties in the future.
Community Feel: The neighbourhood has a strong sense of community, with regular markets and events at Watsonia RSL. The quiet and family-friendly nature of the area makes it appealing to a range of buyers.
Strategic. Visible. Connected.
Nepean Street is a strategically located property with strong connectivity to public transport, major roads, and local amenities, offering good visibility and potential for future growth in a developing suburban area. AND THE POINT?
