6/1 Grattan Street, Prahran, VIC 3181 | Commercial for sale | OnTheHouse
FOR SALE
$499,500

6/1 Grattan Street
Prahran VIC 3181

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 75m2
Land area: 82m2
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Leased Creative Hair Studio Investment | Design-Led Asset in the Heart of Prahran

Positioned within one of Prahran’s most tightly held lifestyle pockets, this architecturally refined commercial space presents a rare opportunity to secure a fully leased, design-driven investment with long-term appeal.
Currently occupied by Mika Melbourne, a premium boutique hair studio, the property offers a compelling combination of secure income, strong tenant profile, and high-quality presentation — a rarity at this price point.
Investment Overview
Securely leased to established operator Mika Melbourne
Five (5) year lease from 1 September 2024
Further 5-year option through to 2034
Current rent: $27,040 p.a. + GST (Year 2)
Fixed 4% annual increases providing built-in rental growth
Gross lease structure (tenant pays utilities)
Approx. 75 sqm internal area + 2 car spaces
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Property Details for 6/1 Grattan St, Prahran

Building Type
Commercial
Floor Size
75m2
Land Size
82m2
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About Prahran 3181

The size of Prahran is approximately 1.9 square kilometres. There are 8 parks, covering nearly 6.3% of the total area. The population of Prahran in 2016 was 12982 people. By 2021 the population was 12203 showing a population decline of 6.0% in the area during that time. The predominant age group in Prahran is 30-39 years. Households in Prahran are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Prahran work in a professional occupation.In 2021, 43.60% of the homes in Prahran were owner-occupied compared with 39.30% in 2016.

Prahran has 11,116 properties. Over the last 5 years, Houses in Prahran have seen a -12.51% decrease in median value, while Units have seen a -0.42% decrease. As at 30 April 2026:

  • The median value for Houses in Prahran is $1,578,225 while the median value for Units is $543,956.
  • Houses have a median rent of $900 while Units have a median rent of $580.
There are currently 28 properties listed for sale, and 18 properties listed for rent in Prahran on OnTheHouse. According to Cotality's data, 603 properties were sold in the past 12 months in Prahran.

Suburb Insights for Prahran 3181

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Scott Banks
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.