7-9 Waratah Place, Melbourne, VIC 3000

Retail

Leased

  • Property ID: 431826
  • Floor Area: 150m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Leased 01/08/2023 150m2 N/A N/A
EXCLUSIVE CHINATOWN RETAIL WITH ATTRACTIVE TERMS

POINT OF INTEREST: Chinatown’s versatile and opportunistic tenancy already has a buzz of anticipation for what’s to come. This is a destination marked clearly on the public’s radar, as Manchuria Bar is the sophisticated anchor tenant upstairs attracting martini drinkers and plush sofa sitters. The turn-key property downstairs measures 150 sqm* and is perfectly suited to both hospitality and retail occupiers, with easy delivery access, heating and cooling, and all of the amenities you’d expect from an asset like this. For those with a supermarket vision; the surrounding restaurants are some of the highest-rated spots and would appreciate a market within arm’s distance. For fusion bar and restaurant ambitions; the laneway location offers a distinctly Melbourne vibe that’s already creating a point of difference.

- 150 sqm* total building area.
- Manchuria Bar is the anchor tenant upstairs.
- Seamless delivery access.
- 300 m* from Bourke Street Mall.
- 270 m* from the 86 and 96 tram.

POINT OF VIEW:

This may be in the heart of bustling Chinatown, but a location like this is anything but pigeonholed. Big names on the block are Stalactites, the Emerald Hotel, and Boilermaker House — and their legacies are your drawcard to offer something new.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Negotiable
  • Car Spaces: Nil
Outgoings
  • Water Rates: 1500
  • Land Tax: TBC
  • Council Rates: 7000
  • Owners Corp. / Insurance: 10000
Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $305 ---
Offices $5998 $793 13.22%
Retail $6728 $779 11.57%
This is the average advertised price, rent and yield for Melbourne, VIC 3000*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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