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Overview
EAST MELBOURNE FREEHOLD AT THE GATEWAY TO THE MCG
This commercial freehold property is prominently located at 82 Wellington Parade, East Melbourne, directly opposite the Melbourne Cricket Ground (MCG), which attracts over 3.5 million visitors annually. The property is a double-storey building leased to a long-standing tenant, providing a reliable income stream with a return of $76,632 plus GST.
The premises comprise a retail shop combined with a two-bedroom dwelling. The ground floor features a commercial kitchen and separate bathroom facilities are available on each level, making it suitable for various commercial uses. The property occupies a landholding of approximately 150 square meters, with a frontage of 5.3 meters to Wellington Parade, a major arterial road connecting Melbourne's Central Business District (CBD) to several key roadways.
The tenant operates under an existing favorable BYO liquor license, enhancing the business potential of the site. East Melbourne is a prestigious residential suburb known for its premium lifestyle amenities and proximity to the CBD. The suburb boasts a median house price of $3,200,000 as of May 2026, reflecting its blue-chip status.
Strategically positioned close to significant traffic generators, the property benefits from excellent public transport access, including a tram stop at the doorstep and Jolimont Train Station just 300 meters away. This location within a high-performing village retail precinct offers strong commercial appeal and potential for future growth.
This freehold opportunity is ideal for investors seeking a secure income in a prime location with strong tenant history and excellent exposure. The combination of retail and residential elements provides versatility and value in a sought-after Melbourne suburb.
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
East Melbourne VIC 3002
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 155 m² |
Market Insights for East Melbourne VIC 3002
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