Positioned within a tightly held CBD pocket, this high-exposure retail premises has just secured a brand new 4 + 4 year lease to a nail salon studio operator, providing an immediate net income of $70,000 per annum.
The tenant has recently commenced their lease and is currently undertaking their fit-out, reinforcing long-term commitment to the location.
The property comprises approximately 80m* of retail space with excellent frontage to Queen Street, strong pedestrian exposure, and inviting double-door entry with bi-fold windows allowing natural light and visibility. The flexible internal layout suits a variety of retail or service-based uses.
Surrounded by established cafs and eateries including Caterina's Cucina E Bar, French Fix Caf and Speck Caf, the property benefits from consistent daily foot traffic and proximity to Melbourne's legal and commercial precinct.
Key Investment Features:
* Secure 4 + 4 year lease
* $70,000 p.a. net income
* High exposure CBD location
* Strong pedestrian traffic
* Immediate income stream
Highlights:
* Retail shop of 80m**
* Excellent frontage to Queen Street with prominent signage opportunities
* High pedestrian exposure in a busy CBD pocket
* Inviting double doors with bi-fold windows for natural light and visibility
* Surrounded by popular cafs & eateries including Caterina's Cucina E Bar, French Fix Cafe, and Speck Caf.
* Easy access to public transport (trams, trains & buses)
* Situated in the historic Law Development's 1970s building full of character and charm
This is an ideal opportunity for investors seeking a well-positioned CBD retail asset with a fresh lease and strong income profile.
(**approx.)
Property Code: 30
| Property ID | 679690 |
| Last updated | 01 September 2026 |
| Category | Shop & Retail, Hotel, Motel, Pub & Leisure, Medical / Consulting |
| Land Area | 80.000 m² |
| Floor Area | 80 m² |
| Building Type | Ask agent |
| Annual Return | Ask agent |
