41-53 Miller Street, Epping, Vic 3076

Offered for sale for the first time, 41-53 Miller Street, Epping is a multi-tenanted, land-rich investment opportunity strategically located within the Epping Activity Centre, with substantial future upside. 

The property comprises a Leisure Centre (currently operating as YMCA) and retail shops, encompassing a total Gross Lettable Area (GLA) of 10,046 sqm*. It is positioned on an expansive 2.8 hectare* Activity Centre Zoned allotment, benefiting from prominent exposure on Miller Street with direct access from Cooper Street. The low building site coverage of 34% provides potential future value-add opportunities. 

Situated in the heart of Epping’s Major Activity Centre, the strategic location is recognised as one of Victoria's largest and most dynamic mixed-use precincts. Miller Street benefits from instant access to an abundance of amenities, including Pacific Epping Shopping Centre, Northern Hospital, Melbourne Fruit and Vegetable Markets, and the $2 billion new Epping mixed-use development.

Opportunity Highlights:
+ Future development potential: large 2.8 hectare* site with Activity Centre zoning, offering significant future development opportunities
+ Income upside: $996,215 p.a with rental reversion anticipated via upcoming market review 
+ Diversified income: multi-tenanted asset providing diversified income streams
+ Underdeveloped site: low site coverage (34%) maximises potential for future development or site optimisation
+ Prime location: high-profile site on Miller Street with excellent surrounding amenities
+ Secure income from land tax-exempt tenant - leased to YMCA, a long-standing not-for-profit with land tax exemption - delivering stable returns with reduced outgoings
+ Extensive landlord owned fitout: enhancing the asset's functional value

41-53 Miller Street, Epping is offered for sale via Expressions of Interest, with submissions closing on Wednesday 27th August 2025 at 4pm AEST.

* denotes approx.