70 Speakmen St - The Vue Apartments 1,184 SF Retail Condo Unit in Kensington, VIC 3031

The property comprises a single ground-floor retail tenancy with titled external spaces at the front and rear. It is located 4.5 kilometers northwest of Melbourne CBD on Speakmen Street in Kensington. The site sits near Flemington Racecourse and the Maribyrnong River and is connected by local tram and train services.

This freehold retail investment offers a rare opportunity within a highly coveted Melbourne fringe location, anchored by a long-term lease to an established hospitality operator. Positioned on the ground level of a prominent mixed-use development that houses over 180 apartments, the property ensures a consistent flow of foot traffic and a built-in customer base.

Located just 4.5 kilometers from the Melbourne CBD, the property provides superior connectivity to key lifestyle and commercial destinations. Its proximity to landmark attractions including Flemington Racecourse and the Maribyrnong River reinforces its appeal, while access to public transport enhances convenience for patrons and employees alike.

The asset features a secure, long-dated tenancy backed by a successful food retail brand with multiple operating locations. Complementing the indoor area is significant titled outdoor space at both the front and rear, creating exceptional scope for al fresco dining and expanded trading. This combination of long-term income security, high-density positioning, and future value-add potential makes it an appealing acquisition for private investors and self-managed superannuation funds.