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16 Grantham St 7,459 SF 100% Leased Retail Building Brunswick West, VIC 3055 $381,118 ($51.09/SF) 4.16% Cap Rate
Investment Highlights
- Located within a vibrant retail and lifestyle corridor, with the number 55 tram stop at the front door.
- Just 5 km north of Melbourne’s CBD, supported by excellent public transport and arterial connectivity.
- One designated car park on title enhances functionality and appeal for tenants.
- Immediate proximity to Melbourne University, Royal Park, and key amenities, attracting strong daily activity.
- Fully leased to a café tenant on a secure 4 x 4 year agreement commenced September 2021, providing stable income.
Executive Summary
This property offers an exceptional opportunity to secure a retail asset in one of Melbourne’s most popular inner-city precincts. Positioned along Grantham Street, the site benefits from consistent foot traffic and strong visibility, complemented by a tram stop right at the door. Located less than 5 kilometers from Melbourne’s CBD, this property is also well connected to Melbourne University, Royal Park, and the surrounding residential catchment.
Currently leased as a café and sandwich bar, the premises provide an immediate income stream under a recently commenced 4 x 4 year lease term (starting September 2021), delivering approximately $22,000 per annum plus outgoings. One on-title car park is included, adding an operational convenience that is highly sought in this area.
Brunswick West is a thriving suburban hub with excellent connectivity, diverse demographics, and a strong local economy—offering investors long-term holding appeal in a proven retail location.
Currently leased as a café and sandwich bar, the premises provide an immediate income stream under a recently commenced 4 x 4 year lease term (starting September 2021), delivering approximately $22,000 per annum plus outgoings. One on-title car park is included, adding an operational convenience that is highly sought in this area.
Brunswick West is a thriving suburban hub with excellent connectivity, diverse demographics, and a strong local economy—offering investors long-term holding appeal in a proven retail location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,459 SF
Building Class
C
Price
$381,118
Price Per SF
$51.09
Cap Rate
4.16%
NOI
$15,850
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.39
Lot Size
0.44 AC
Parking
1 Spaces (0.13 Spaces per 1,000 SF Leased)
Frontage
70’ on Grantham Street
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16 Grantham St
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