An exceptional retail investment opportunity in the very heart of Albert Park Village, this traditional, Victorian premises of 235 square metres (approx.) is not to be ignored. Set on an incredible 365 square metres (approx.) of land in the midst of one of Melbournes most sought-after strips of boutique shopping, fine caf culture and wonderful restaurants, the building presents beautifully with 8.1 metres of street frontage and is securely leased at $81,040 pa (approx).
With towering ceilings, timber flooring and an authentic industrial style initiative, the main shop front is visually striking, behind which another 5 rooms and 2 change rooms offer wonderful flexibility. Upstairs, four principle rooms including a kitchen / meals are equipped with original fire places.
Rear car access with parking for potentially 5 vehicles is north-facing and points to a myriad of possibilities down the track. But for now, the allure of one of Melbournes most exclusive shopping strips, easy beach access, plenty of caf traffic, lifestyle amenities and easy city access ensure that the future is bright.
The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2016 was 6215 people. By 2021 the population was 6044 showing a population decline of 2.8% in the area during that time. The predominant age group in Albert Park is 50-59 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation.In 2021, 60.80% of the homes in Albert Park were owner-occupied compared with 58.90% in 2016.
Albert Park has 3,646 properties. Over the last 5 years, Houses in Albert Park have seen a 10.25% increase in median value, while Units have seen a -7.58% decrease. As at 31 March 2026:
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