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15-17 Vernon St 3,078 SF of Retail Space Available in South Kingsville, VIC 3015
Highlights
- Prominent corner position offering strong street exposure and visibility.
- Integrated speaker system and downlighting throughout the premises.
- Located in a vibrant neighborhood strip with strong local patronage and easy access to major arterials.
- Existing fit-out includes full commercial kitchen, cool room, bar setup, and bathroom amenities.
- Suitable for multiple uses (STCA) including hospitality, medical, office, or creative studio.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste 15-17 | 3,078 SF | Negotiable | $14.98 /SF/YR $1.25 /SF/MO $46,104 /YR $3,842 /MO | TBD |
Ground, Ste 15-17
15-17 Vernon Street presents a rare opportunity to acquire a highly visible corner property in the heart of South Kingsville, one of Melbourne’s tightly held Inner West locations. Positioned within a vibrant neighborhood strip, the property benefits from strong local patronage, excellent street exposure, and consistent foot traffic, supported by a growing residential population in the surrounding area. The building offers a generous and adaptable internal layout of approximately 289.80 m², making it suitable for a wide range of uses (STCA), including hospitality, medical, allied health, professional offices, creative studios, or event spaces. High ceilings and an expansive floor plan provide flexibility for future configurations, while the existing infrastructure significantly reduces setup costs for incoming operators. Key features include a full commercial kitchen, cool room/industrial fridge, full bathroom amenities, a bar setup, integrated speaker system, and downlighting throughout. These improvements enhance the property’s appeal for hospitality or event-based businesses while maintaining adaptability for alternative uses. Located on a prominent corner site with easy access to major arterials and surrounding suburbs, this property combines scale, visibility, and versatility in a blue-chip Inner West position. Opportunities of this nature are seldom available, making this an attractive proposition for investors or owner-occupiers seeking a landmark asset with long-term growth potential.
- Private Restrooms
- Freezer Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,078 SF | Gross Leasable Area | 3,078 SF |
| Property Type | Retail |
| Total Space Available | 3,078 SF |
| Property Type | Retail |
| Gross Leasable Area | 3,078 SF |
About the Property
15-17 Vernon Street offers a prominent corner position in the heart of South Kingsville, providing exceptional exposure and versatility for a wide range of commercial uses (STCA). The property comprises approximately 289.80 m² of adaptable space, featuring high ceilings and an expansive internal layout that can be configured to suit various business requirements. Previously operating as a well-known restaurant, the property includes extensive existing infrastructure such as a full commercial kitchen, cool room/industrial fridge, full bathroom amenities, a bar setup, integrated speaker system, and downlighting throughout. These features allow for immediate occupation by hospitality operators while also offering flexibility for alternative uses such as medical or allied health, professional offices, creative studios, or event spaces. Situated within a vibrant neighborhood strip, the property benefits from strong local patronage, consistent foot traffic, and easy access to surrounding suburbs. Its strategic location in Melbourne’s Inner West ensures connectivity to major arterials and a growing residential catchment, making it an attractive option for businesses seeking visibility and functionality in a high-demand area.
- Air Conditioning
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15-17 Vernon St
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