434 Church St 7,760 SF Retail Condo Unit Offered at $6,289,969 CAD in Richmond, VIC 3121

The offering comprises a fully leased commercial property within Richmond’s Church Street precinct, incorporating two well-established tenancy areas. The first tenancy accommodates Flour Child, a licensed restaurant, cocktail bar, and event venue featuring an operational kitchen, bar facilities, and entertainment infrastructure. This space is designed for hospitality service and event programming, ensuring a turnkey setup for long-term tenant stability.

The second tenancy is configured as a dance studio and includes purpose-built features suited for fitness and performance use. Both spaces offer functional layouts with integrated amenities such as restrooms and storage areas that support efficient operations. Together, the tenancies form a low-maintenance investment supported by quality fit-outs and consistent income performance.

Positioned within a mixed-use corridor, the property benefits from strong pedestrian traffic, multiple public transport connections, and proximity to surrounding retail, hospitality, and commercial uses, making the space highly accessible and desirable for occupants.

This landmark commercial holding presents a rare investment opportunity in Richmond’s highly sought-after Church Street precinct. Fully leased and income-producing, the property spans approximately 721 sqm across two established tenancies under Commercial 1 zoning. Generating an estimated $310,000 per annum plus GST, the asset is supported by tenants with strong trading history and long-term security.

Suite 1 is occupied by Flour Child, a licensed restaurant, cocktail bar, and event venue operating under a robust 10-year lease. Suite 2 houses a dance studio with over two decades of continuous occupancy, current term expiring March 2026 with an additional three-year option in place. Both tenancies include existing high-quality fit-outs with operational kitchens, bathrooms, and entertainment infrastructure, ensuring seamless performance with low-capital input for ownership.

Positioned within a thriving retail and hospitality environment, the property benefits from excellent connectivity. East Richmond Station and multiple tram routes along Church and Swan Streets deliver strong commuter traffic, while the proximity to Swan Street dining, homemaker retail, and Cremorne’s tech hub reinforces ongoing demand. The nearby Melbourne sporting precinct, including the MCG, drives consistent year-round patronage. This investment combines income stability with future growth potential in one of Melbourne’s premier commercial destinations.