2, 243-263 Franklin Street, Melbourne, VIC 3000

Retail

Leased

  • Property ID: 443576
  • Floor Area: 80m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Retail 2 Leased 24/06/2024 80m2 N/A Contact Agent
THE MOST MARKET-ABLE EATERY OR RETAIL SPACE.

POINT OF INTEREST:

Hungry for foot traffic? This is the royal standard of CBD hospitality offerings with a front-row seat to the $1.7 billion Queen Victoria Market redevelopment. The space is a flexible 80 sqm* and includes a commercial kitchen and cool room, but for those more interested in its external position than its internals, this could also be a fantastic retail solution for any occupier or investor. Public parking surrounds your Franklin Street block, a considered inclusion thanks to the dense and thriving residential population living here too. And it makes sense when you look at the amenities here; Queen Vic Markets are on your doorstep, trams are scattered across William and Victoria Street, and Flagstaff Gardens sits at the end of your street.

- 80 sqm* total building area.
- Capital city zone — schedule 1.
- Front row to $1.7 billion Queen Victoria Market redevelopment.
- Fully equipped commercial kitchen and cool room.
- Metres from Flagstaff Gardens and surrounded by apartments.
- 350 m* to Victoria Street trams.
- 700 m* to DFO and Southern Cross Station.

POINT OF VIEW:

From Michelin ramen joints to fine-dining Gimlet, the CBD serves Melbourne’s best dining on a hot plate. Spaces like these, positioned in front of institutions like QVC, have already catered for future queues out the door — so put yourself at the front of ours.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Negotiable
  • Car Spaces: Nil
  • Condition: Good
  • Air Conditioning: Yes
  • Floors: Polished Concrete / Floor Boards
  • Lifts: N/A
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: 1050.57
  • Land Tax: TBC
  • Council Rates: 1918.68
  • Owners Corp. / Insurance: 995.00
  • Other Charges: TBC
Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $7000 $762 10.89%
Industrial --- $305 ---
Offices $6603 $806 12.20%
This is the average advertised price, rent and yield for Melbourne, VIC 3000*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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