285-287 Victoria St 925 SF Retail Condo Unit in Abbotsford, VIC 3067

This freehold retail asset offers an exceptional opportunity to acquire a secure, income-producing property within one of Melbourne’s premier hospitality destinations. Positioned on Victoria Street, Abbotsford, the property is leased to an established Sydney-based hospitality operator, Hand Made Noodle Strathfield, expanding its footprint into Melbourne’s thriving food and beverage market.

This freehold retail asset offers an exceptional opportunity to acquire a secure, income-producing property within one of Melbourne’s premier hospitality destinations. Positioned on Victoria Street, Abbotsford, the property is leased to an established Sydney-based hospitality operator, Hand Made Noodle Strathfield, expanding its footprint into Melbourne’s thriving food and beverage market.
The current lease commenced in February 2026 on a structured long-term arrangement of 3+3+3+3 years, providing up to 12 years of potential tenure. The tenancy generates an annual rental of $55,000 plus GST with the tenant responsible for 100% of outgoings in accordance with the Retail Leases Act, ensuring predictable cash flow and minimal expense obligations for ownership. Additionally, the tenant is completing a full restaurant fit-out, underpinning their commitment to the site and reinforcing investment security.
Located in a tightly held retail corridor renowned for its vibrant dining culture, strong residential catchment, and tram access to the CBD, the property enjoys consistent pedestrian activity and future growth supported by ongoing mixed-use development in the area. This asset represents an attractive investment combining income stability, prime positioning, and a high-demand hospitality hub.