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Overview
Level 1, Suite 1&2/434 Church Street, Richmond
This exceptional commercial property presents a rare opportunity in the highly sought-after Church Street precinct of Richmond. The offering comprises a fully-leased investment spanning approximately 721 square meters of premium space, divided across two established tenancies. The property benefits from Commercial 1 zoning, underscoring its suitability for a range of commercial uses and its strong long-term trading history.
The asset generates an estimated annual income of $310,000 plus GST, anchored by two reputable tenants. Suite 1 is occupied by Flour Child, a licensed restaurant, cocktail bar, and event venue, secured by a robust 10-year lease, providing stable and reliable income. Suite 2 houses a well-patronised dance studio, a tenant with a longstanding presence exceeding 20 years. The current lease term for this tenancy expires in March 2026, with an additional three-year lease option available, offering continuity and security for prospective investors.
The property features quality fit-outs including kitchen, bathroom, and entertainment amenities, enabling each tenancy to operate efficiently from day one. This turnkey setup offers buyers a low-maintenance, income-ready acquisition in a precinct known for its consistent high performance and demand that regularly exceeds supply.
Strategically positioned, the property enjoys high exposure and excellent connectivity. East Richmond Station is nearby, complemented by tram routes 70 and 78 serving Church and Swan Streets, facilitating easy access for patrons and clients. The surrounding area benefits from steady activity driven by Swan Street’s vibrant hospitality scene, the homemaker strip, and the Cremorne technology hub. Additionally, proximity to the Melbourne Cricket Ground (MCG) and the wider sports precinct supports year-round foot traffic, enhancing the property's commercial appeal.
Overall, this landmark commercial holding represents a compelling investment opportunity within a prized precinct, combining strong income potential, secure tenancy, and an enviable location with excellent transport links and vibrant local amenities.
*All dimensions are approximate.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Richmond VIC 3121
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 721 m² |
Market Insights for Richmond VIC 3121
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