251 Victoria St 1,249 SF Retail Building Abbotsford, VIC 3067 $559,456 ($448.06/SF)

This freehold retail property presents an outstanding opportunity for investors and future owner-occupiers in one of Melbourne’s most coveted inner-city precincts. Occupying a high-profile position along Victoria Street, the property spans approximately 116 square meters across two levels and includes valuable rear laneway access with two secure off-street car parks. Currently fully leased at $67,338 net per annum plus GST until October 2026, the asset delivers immediate holding income while granting the flexibility for future occupation, re-leasing, or repositioning (STCA).
Supported by Commercial 1 Zoning (C1Z), the property offers scope for a variety of future commercial uses and long-term upside through strategic value-add initiatives. Its prominent frontage ensures strong visibility within a thriving lifestyle and retail corridor, complemented by seamless access to major arterials including Hoddle Street and Eastern Freeway, and public transport connectivity with tram services at the doorstep and North Richmond Station within moments. Situated approximately 3 kilometers from the Melbourne CBD and within walking distance to Victoria Gardens Shopping Centre, this property combines secure short-term income with significant long-term potential in a tightly held city-fringe market.