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221 Queen St 861 SF Retail Condo Unit in Melbourne, VIC 3000
Investment Highlights
- Situated within a well-maintained, character-rich CBD building.
- Flexible 80 m² layout ideal for retail or service-based operations.
- Surrounded by vibrant cafes, professional offices, and hospitality venues.
- High-profile position in a high-pedestrian traffic zone of Melbourne CBD.
- Inviting shopfront with bi-fold windows and signage exposure to Queen Street.
- Easy connection to major public transport including tram stops at the doorstep.
Executive Summary
This retail property is located in Melbourne’s central Queen Street precinct featuring a 1970s heritage-style development under Commercial zoning guidelines. The tenancy is designed for high-exposure trade, benefiting from adjacency to dining and service businesses and pedestrian corridors linking the city’s legal and financial quarters. Reliable connectivity via tram routes and nearby train access secures strong patronage from both office professionals and destination shoppers.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | CM5\SP31878 |
| Sale Type | Investment |
| APN/Parcel ID | CM5\SP31878 |
Description
This retail property is located in Melbourne’s central Queen Street precinct featuring a 1970s heritage-style development under Commercial zoning guidelines. The tenancy is designed for high-exposure trade, benefiting from adjacency to dining and service businesses and pedestrian corridors linking the city’s legal and financial quarters. Reliable connectivity via tram routes and nearby train access secures strong patronage from both office professionals and destination shoppers.
Comprising approximately 80 m² of versatile internal space, the property presents immaculate street-level exposure enhanced by wide bi-fold windows and an inviting double-door entry. Its functional open-plan interior enables flexibility for future retail or personal services applications, coupled with excellent natural lighting to amplify customer visibility.
Comprising approximately 80 m² of versatile internal space, the property presents immaculate street-level exposure enhanced by wide bi-fold windows and an inviting double-door entry. Its functional open-plan interior enables flexibility for future retail or personal services applications, coupled with excellent natural lighting to amplify customer visibility.
Sale Notes
Positioned in one of Melbourne CBD’s most tightly held and high-foot-traffic pockets, this premium retail investment offers immediate income security under a brand-new long-term lease. Shop 5, 221 Queen Street has secured a new 4 + 4-year lease to an experienced nail salon operator, generating a net annual income of $70,000 with the tenant already committed and undergoing fit-out, affirming longevity and stability.
Comprising approximately 80 m² of versatile internal space, the property presents immaculate street-level exposure enhanced by wide bi-fold windows and an inviting double-door entry. Its functional open-plan interior enables flexibility for future retail or personal services applications, coupled with excellent natural lighting to amplify customer visibility.
Located near bustling coffee hubs such as Caterina's Cucina E Bar and French Fix Café, along with close proximity to Melbourne’s legal and professional district, this Queen Street address benefits from constant day-long pedestrian activity and unrivaled accessibility to trams, trains, and buses. Featuring prominent signage opportunities in a heritage-style 1970s character building, this asset combines strong yield performance with enduring capital growth potential in Melbourne’s resilient CBD retail market.
Comprising approximately 80 m² of versatile internal space, the property presents immaculate street-level exposure enhanced by wide bi-fold windows and an inviting double-door entry. Its functional open-plan interior enables flexibility for future retail or personal services applications, coupled with excellent natural lighting to amplify customer visibility.
Located near bustling coffee hubs such as Caterina's Cucina E Bar and French Fix Café, along with close proximity to Melbourne’s legal and professional district, this Queen Street address benefits from constant day-long pedestrian activity and unrivaled accessibility to trams, trains, and buses. Featuring prominent signage opportunities in a heritage-style 1970s character building, this asset combines strong yield performance with enduring capital growth potential in Melbourne’s resilient CBD retail market.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Shop 5 | 861 SF | Retail | Upon Request | - |
Unit Shop 5
| Unit Size |
| 861 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Unit Shop 5
| Unit Size | 861 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| APN/Parcel ID | CM5\SP31878 |
| Description | |
| This retail property is located in Melbourne’s central Queen Street precinct featuring a 1970s heritage-style development under Commercial zoning guidelines. The tenancy is designed for high-exposure trade, benefiting from adjacency to dining and service businesses and pedestrian corridors linking the city’s legal and financial quarters. Reliable connectivity via tram routes and nearby train access secures strong patronage from both office professionals and destination shoppers.<br> Comprising approximately 80 m² of versatile internal space, the property presents immaculate street-level exposure enhanced by wide bi-fold windows and an inviting double-door entry. Its functional open-plan interior enables flexibility for future retail or personal services applications, coupled with excellent natural lighting to amplify customer visibility.</li></ul> | |
| Sale Notes | |
| Positioned in one of Melbourne CBD’s most tightly held and high-foot-traffic pockets, this premium retail investment offers immediate income security under a brand-new long-term lease. Shop 5, 221 Queen Street has secured a new 4 + 4-year lease to an experienced nail salon operator, generating a net annual income of $70,000 with the tenant already committed and undergoing fit-out, affirming longevity and stability.<br> Comprising approximately 80 m² of versatile internal space, the property presents immaculate street-level exposure enhanced by wide bi-fold windows and an inviting double-door entry. Its functional open-plan interior enables flexibility for future retail or personal services applications, coupled with excellent natural lighting to amplify customer visibility.<br> Located near bustling coffee hubs such as Caterina's Cucina E Bar and French Fix Café, along with close proximity to Melbourne’s legal and professional district, this Queen Street address benefits from constant day-long pedestrian activity and unrivaled accessibility to trams, trains, and buses. Featuring prominent signage opportunities in a heritage-style 1970s character building, this asset combines strong yield performance with enduring capital growth potential in Melbourne’s resilient CBD retail market.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 61,860 SF | Floors | 11 |
| Property Type | Office (Condo) | Typical Floor Size | 5,619 SF |
| Building Class | C | Lot Size | 0.13 AC |
| Total Building Size | 61,860 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 11 |
| Typical Floor Size | 5,619 SF |
| Lot Size | 0.13 AC |
Amenities
- Demised WC facilities
- Direct Elevator Exposure
- Natural Light
- Partitioned Offices
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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221 Queen St
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