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802 High Street, Thornbury VIC 3071

$2,500,000 - $2,750,000

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$2.5M - $2.63M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath

Listed: 1 hour ago

Overview

Located prominently on the vibrant High Street in Thornbury, this iconic landmark building uniquely houses an independent cinema tenancy set to continue until 2028, with an additional five-year option to 2033. Built in 1920, originally as one of Melbourne’s first drive-through garages, this property combines a cherished cultural venue on the ground floor with a character-filled residence above, offering an exceptional dual-purpose opportunity.

This building is steeped in history and charm, evident in its distinctive facade and well-maintained interiors. It appeals especially to those valuing a rare blend of commercial and residential spaces in a highly sought-after location. The cinema presents a compelling long-term commercial tenant ensuring steady income aspiration, while the upstairs residence offers a unique living experience amidst a bustling cultural and retail precinct where food, film, and community thrive daily.

Situated in the heart of a thriving retail and cultural strip, the property benefits from substantial foot traffic and close proximity to essential amenities, cafes, and transport.
The residence above the cinema provides a distinct lifestyle for owners or investors who desire a prominent address with character and history.
Ideal for owners or investors looking to secure a property with a dual income stream and long-term tenant stability.

The property’s layout and location make it especially suitable for a niche market, blending investment security with a vibrant lifestyle and operational business presence in Central Thornbury, catering well to culturally minded entrepreneurs or families keen on residing in a successful mixed-use precinct. Overall, this property offers a harmonious blend of past heritage and future potential in one of Melbourne’s dynamic inner northern suburbs.

Local Market Insights

In Thornbury, Quiet Listings observed 24 new houses entering the market over the last 30 days, up from 12 during the previous 30-day period, with an average advertised asking price of $1,602,083. The property type mix of listed properties is predominantly Houses at 63%, followed by apartments (16%), and townhouses (11%). The most active agency for houses in the Thornbury area is currently Jellis Craig, representing 33% of new listings, followed by Nelson Alexander with 17%. 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.