Level 1, Suite 1&2/434 Church Street
Richmond, VIC 3121

This exceptional commercial property presents a rare opportunity within the highly sought-after Church Street precinct in Richmond. The fully-leased investment offers a substantial 721 square meters of premium space, thoughtfully divided across two established tenancies. Supported by Commercial 1 zoning, this asset boasts a strong and enduring trading history, making it a compelling proposition for investors seeking a stable income stream.

The property 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 with a robust 10-year lease. Suite 2 houses a well-established dance studio, a tenant with over 20 years of occupancy, whose current lease term extends until March 2026, with an additional three-year option available. Both tenancies benefit from quality fit-outs, including kitchen, bathroom, and entertainment amenities, facilitating efficient operations from day one and minimizing maintenance requirements for the new owner.

Strategically positioned, the property enjoys high exposure and excellent connectivity. East Richmond Station is conveniently nearby, complemented by tram routes 70 and 78 servicing Church and Swan Streets. The location benefits from steady foot traffic driven by Swan Street’s vibrant hospitality scene, the homemaker strip, and the Cremorne technology hub. Proximity to the Melbourne Cricket Ground (MCG) and the broader sports precinct further enhances year-round activity, ensuring consistent demand in an area where supply often falls short.

This investment represents a low-maintenance, income-ready acquisition in a consistently high-performing precinct, offering buyers the advantage of a secure, long-term commercial holding in one of Richmond’s most prized locations. Dimensions provided are approximate.