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388-394 Rathdowne Street 5,683 SF Retail Building Carlton North, VIC 3054 For Sale
Investment Highlights
- The property spans four adjoining retail shopfronts with a combined building area of approximately 621 square meters.
- The site includes dual access from both Rathdowne Street and the rear, enhancing operational flexibility.
- It offers a substantial landholding of about 515 square meters with over 20 meters of street frontage.
- Existing hospitality infrastructure and a liquor licence are in place, supporting immediate functional use.
Executive Summary
This rare freehold investment opportunity comprises four adjoining retail shopfronts on a substantial landholding in the heart of Rathdowne Village, one of Melbourne’s most tightly held lifestyle and hospitality precincts. The property offers over 20 meters of street frontage and dual access from both Rathdowne Street and the rear, providing exceptional flexibility for future use. Zoned Commercial 1 (C1), the site presents significant potential for redevelopment or mixed-use development (STCA), in addition to its suitability for investment or owner-occupation.
The property carries historical significance as the original home of the La Porchetta restaurant brand, a name synonymous with Melbourne’s dining culture. Existing hospitality infrastructure, including kitchen fit-out and a liquor licence, enhances its immediate usability for food and beverage operators. With its prominent position in a high-foot-traffic corridor and proximity to established residential neighborhoods, this asset represents a once-in-a-generation opportunity to secure a blue-chip holding with strong development upside in a prestigious inner-city location.
The property carries historical significance as the original home of the La Porchetta restaurant brand, a name synonymous with Melbourne’s dining culture. Existing hospitality infrastructure, including kitchen fit-out and a liquor licence, enhances its immediate usability for food and beverage operators. With its prominent position in a high-foot-traffic corridor and proximity to established residential neighborhoods, this asset represents a once-in-a-generation opportunity to secure a blue-chip holding with strong development upside in a prestigious inner-city location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,683 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Building FAR
1.03
Lot Size
0.13 AC
Amenities
- 24 Hour Access
- Security System
- Signage
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388-394 Rathdowne Street
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