18 Heffernan Lane, Melbourne, VIC 3000

Retail

Leased

  • Property ID: 436989
  • Floor Area: 770m²
  • Land Area: 383m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Freehold Leased 23/11/2023 770m2 383m2 Contact Agent
Chinatown's Exclusive Freehold Retail Opportunity

POINT OF INTEREST:
Rare opportunity to secure a three-level freehold in the heart of Chinatown. Strategically positioned in Heffernan Lane, iconically home to notable venues such as Tsindos, Union Electric Bar & Rooftop Gin Garden, Chicky Pot Hotpot, and Petaling Street Malaysian Restaurant.

This property spans 383sqm* of land with a total building area of 770sqm*. Currently housing Wing Cheong groceries, a well-established family-run institution renowned for supplying local hospitality groups, restaurants, and families.

Offered with a long-term lease commitment, 18 Heffernan Lane provides the chance for a major transformation, ideal for hospitality operators. This prime location allows for flexibility in performing extensive fit-out works, subject to council approval (STCA).

- Freehold offering
- 770sqm* building area
- (320sqm* Ground Level + 250sqm* Level 1 Half Floor + 200sqm* Level 2)
- Food and beverage provisions
- Attractive terms

POINT OF VIEW:
Charm, Character, Position — A betting man would say this rare freehold will have a waiting list.

*Approx.
Pricing excludes GST

Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6728 $779 11.57%
Offices $5998 $793 13.22%
Industrial --- $305 ---
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.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×