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Highlights

  • Open-plan retail space of 98–108 m² with new shopfront and dividing wall.
  • Suitable for diverse uses including food, beauty, and professional services.
  • Positioned in a high-density precinct with significant population growth forecast.
  • Exceptional pedestrian exposure with 1,650+ passersby per hour.
  • Located near Melbourne Central, RMIT University, and State Library of Victoria.
  • Surrounded by major national and international retail and F&B operators.

All Available Space(1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • Ground
  • 1,055-1,163 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Retail
  • Partial Build-Out
  • 30 Days

This is a rare opportunity to secure a prime retail tenancy in the heart of Melbourne’s CBD along bustling Elizabeth Street. Offering 98–108 m² of open-plan space, the property will feature a new shopfront and dividing wall, providing flexibility for a range of retail or service-based businesses. Positioned in one of the city’s highest foot traffic corridors, the site benefits from over 1,650 passing pedestrians per hour, driven by its proximity to major landmarks such as Melbourne Central (300 m), RMIT University (500 m), and the State Library of Victoria (500 m). The location is ideal for operators seeking exposure to a dense student and residential population, with the CBD forecast to experience a 100% population increase by 2041. Surrounded by leading retailers and food operators including Woolworths, Dragon Hot Pot, Hungry Jack’s, and Molly Tea, this tenancy offers immediate brand visibility and strong co-tenancy benefits. Its central position within one of Australia’s most densely populated areas ensures consistent customer flow and long-term growth potential.

  • Partially Built-Out as Standard Retail Space
  • Space is in Excellent Condition
  • Located in-line with other retail
  • Central Air Conditioning
Space Size Term Rental Rate Space Use Build-Out Available
Ground 1,055-1,163 SF Negotiable Upon Request Upon Request Upon Request Upon Request Retail Partial Build-Out 30 Days

Ground

Size
1,055-1,163 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Retail
Build-Out
Partial Build-Out
Available
30 Days

Ground

Size 1,055-1,163 SF
Term Negotiable
Rental Rate Upon Request
Space Use Retail
Build-Out Partial Build-Out
Available 30 Days

This is a rare opportunity to secure a prime retail tenancy in the heart of Melbourne’s CBD along bustling Elizabeth Street. Offering 98–108 m² of open-plan space, the property will feature a new shopfront and dividing wall, providing flexibility for a range of retail or service-based businesses. Positioned in one of the city’s highest foot traffic corridors, the site benefits from over 1,650 passing pedestrians per hour, driven by its proximity to major landmarks such as Melbourne Central (300 m), RMIT University (500 m), and the State Library of Victoria (500 m). The location is ideal for operators seeking exposure to a dense student and residential population, with the CBD forecast to experience a 100% population increase by 2041. Surrounded by leading retailers and food operators including Woolworths, Dragon Hot Pot, Hungry Jack’s, and Molly Tea, this tenancy offers immediate brand visibility and strong co-tenancy benefits. Its central position within one of Australia’s most densely populated areas ensures consistent customer flow and long-term growth potential.

  • Partially Built-Out as Standard Retail Space
  • Located in-line with other retail
  • Space is in Excellent Condition
  • Central Air Conditioning

Property Facts

Total Space Available 1,163 SF
Min. Divisible 1,055 SF
Property Type Hospitality
Property Subtype Serviced Apartment
Building Size 58,061 SF

About the Property

The property at 399 Elizabeth Street is a ground-floor retail tenancy in Melbourne’s CBD, offering 98–108 m² of open-plan space. It is located along Elizabeth Street, a major pedestrian and transport corridor, and is within walking distance of Melbourne Central, RMIT University, and the State Library of Victoria. The site experiences high pedestrian volumes and is surrounded by established retail and food operators.

Features and Amenities

  • Balcony
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Nearby Major Retailers

Starbucks
Five Guys
Anytime Fitness
Crossfit
  • Listing ID: 39981851

  • Date on Market: 4/1/2026

  • Last Updated:

  • Address: 99 A'beckett St, Melbourne, VIC 3000

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