309 Victoria Street Abbotsford VIC 3067

Secure a high-quality two storey retail investment in the heart of Abbotsford's thriving food and entertainment precinct. This prime commercial property is leased long-term to a restaurant operator in occupation since 2015, offering a secure income stream and excellent future growth potential with a recently renewed Lease.

Property Features:
Building Area: 145 sqm (approx.)
Land Area: 156 sqm (approx.)
Ground Floor Retail Shop with high exposure
Commercial Kitchen
M & F Toilets
Storeroom
Four Rooms Upstairs ideal for office, storage, or additional use
Rear Access with double gates via Little Charles Street convenient for deliveries and staff
Secure Long-Term Lease strong rental return

Lease Details:
Term: Five (5) Years commenced 01/01/2025
Rental: $62,628.96 per annum plus outgoings plus GST
Further Term: One further term of Five (5) Years
Outgoings payable by tenant 100%

City of Yarra Council Rates - $3,122.75 per annum approx
Greater Western Water Rates - $1,200 per annum approx

Well positioned on Victoria Street, a bustling retail and hospitality strip known for its vibrant dining scene close to the Hive Shopping Centre.

High Foot Traffic & Exposure surrounded by popular restaurants, cafés, bars and specialty stores

Tram stop directly outside (Route 109 Box Hill to the City) with North Richmond & Victoria Park train stations within walking distance

Easy Access to major roads including Hoddle Street and the Eastern Freeway

Close to Abbotsford Convent, Collingwood Children's Farm, and scenic Yarra River walking trails

Just 3km from Melbourne CBD, ensuring consistent demand and capital growth

An exceptional investment in a high-growth area with secure income.

Richmond/Abbotsford is supported by a young, affluent and densely populated demographic - Median house price ($1,375,000 - $1,220,000).