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491 Mount Alexander Road 1,938 SF of Retail Space Available in Moonee Ponds, VIC 3039
Highlights
- Prominent corner position ensuring maximum visibility and branding opportunity.
- Separate one-bedroom component with private entry, offering multipurpose use.
- Steps from Puckle Street’s retail, dining, and lifestyle precinct.
- Ground-floor retail tenancy equipped with existing hospitality fit-out.
- Located 6 km from Melbourne CBD with tram services at the doorstep.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,938 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Ground
491 Mt Alexander Road offers a highly visible corner tenancy on the bustling intersection of Mt Alexander Road and Elizabeth Street within Melbourne’s inner city. The property features a fully fitted ground-floor retail area, previously operating as a hospitality venue, providing an immediate turnkey solution for food and beverage operators or other retail users. In addition, the property includes an adjoining one-bedroom residential component with a separate entrance, adding unique flexibility for users requiring on-site accommodation or additional office/support space. The site, comprising 212 m² under Commercial 1 zoning, is situated approximately 6 kilometers from Melbourne CBD in the vibrant Moonee Ponds precinct. The location enjoys strong pedestrian flow, consistent passing traffic, and direct frontage to Tram Route 59, ensuring exceptional connectivity. Its proximity to the Puckle Street retail and dining corridor further enhances appeal, providing immediate access to established retail, dining, and service amenities. With scope for signage and streetscape prominence, this property is positioned to capitalize on significant surrounding residential density and ongoing commercial demand in one of Melbourne’s most dynamic inner suburbs.
- Fully Built-Out as Standard Retail Space
- Corner 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 | 1,938 SF | Gross Leasable Area | 1,938 SF |
| Property Type | Retail | Parking Ratio | 0.1/1,000 SF |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,938 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,938 SF |
| Parking Ratio | 0.1/1,000 SF |
About the Property
491 Mt Alexander Road is positioned on the intersection of Mt Alexander Road and Elizabeth Street in Moonee Ponds, approximately 6 kilometers northwest of Melbourne CBD. The property occupies a 212 m² land parcel zoned Commercial 1. Public transport connectivity is facilitated by Tram Route 59, which operates directly along Mt Alexander Road.
- Corner Lot
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491 Mount Alexander Road
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