Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Positioned within one of Prahran’s most tightly held lifestyle pockets, this architecturally refined commercial space presents a rare opportunity to secure a fully leased, design-driven investment with long-term appeal.
Currently occupied by a premium boutique hair studio, this property offers a compelling combination of secure income, strong tenant profile, and high-quality presentation — a rarity at this price point.
Investment Overview
- Securely leased to an established operator
- Five-year lease commencing from 1 September 2024
- Further five-year option available through to 2034
- Current rent of $27,040 per annum plus GST (Year 2)
- Fixed 4% annual increases providing built-in rental growth
- Gross lease structure with tenant responsible for utilities
- Approximate internal area of 75 sqm plus two car spaces
The Asset
This thoughtfully designed studio space balances industrial character with warmth and functionality, featuring expansive natural light through large windows and durable concrete-look vinyl flooring for comfort and practicality.
Additional attributes include exposed ceiling details with modern track lighting, bespoke high-end timber joinery throughout, multiple service stations with plumbing infrastructure, a private kitchenette, and amenities. The flexible open-plan layout is well-suited to a range of uses, subject to council approval.
The current tenant has made significant investments in the internal fit-out, fixtures, and equipment, enhancing both the quality of the space and indicating a long-term commitment to the premises. This environment fosters strong tenant retention by not merely accommodating a business but actively enhancing it.
Tenant Profile
The tenant operates a boutique, design-led hair studio established by a professional with over 25 years’ experience, including a prestigious career beginning in Tokyo. Since relocating to Melbourne, the tenant has cultivated a loyal clientele through a focus on quality, consistency, and a highly personalized service approach.
The business emphasizes organic and health-conscious products, delivering tailored client-specific outcomes within a calm and curated studio environment. This craft-driven model aligns directly with the premium quality and presentation of the premises.
Location
Situated just moments from Greville Street, Chapel Street, and Prahran Station, the property enjoys exceptional connectivity and accessibility.
- Immediate proximity to cafes, retail outlets, and lifestyle amenities
- Strong local foot traffic and prominent brand exposure
- Ongoing demand from creative and service-based operators
Positioning
This is not a generic commercial investment but a design-led, lifestyle-oriented asset that combines a high-quality physical product, a committed and established tenant, and structured rental growth. It offers a compelling investment opportunity for purchasers seeking income with substantial backing and long-term appeal.
Local Market Insights
In Prahran, Quiet Listings observed 2 new commercial properties entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $597,250. The property type mix of listed properties is predominantly Apartments at 63%, followed by houses (22%), and townhouses (10%). Belle Property was the most active agency monitored, representing 27.9% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
Prahran VIC 3181
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 75 m² |
Market Insights for Prahran VIC 3181
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
