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Investment Highlights

  • The surrounding precinct consists of established retailers, cafés, and residential development, contributing to consistent local activity and demand.
  • Commercial 1 zoning supports potential for multiple uses subject to council approval.
  • The property occupies a prominent location along High Street, offering visibility to both vehicular and pedestrian traffic.

Executive Summary

622 High Street presents a rare opportunity to acquire a freehold property on one of Melbourne’s most dynamic retail corridors. Situated in Thornbury, an established inner-north suburb experiencing strong population growth and urban renewal, the property has significant exposure on High Street - a major arterial servicing both retail and residential communities. High levels of pedestrian and vehicle traffic create inherent demand and visibility advantages for any future business operations or investment strategies.
The property offers Commercial 1 zoning, allowing for a wide scope of permissible uses, including retail, hospitality, medical, or a mixed-use conversion subject to council approval. Its land allotment of approximately 145 sqm, complemented by rear access, provides operational flexibility for redesign, fit-outs, or redevelopment. Surrounding infrastructure includes tram services on High Street, nearby train stations, and easy access to major arterial roads, strengthening the connectivity of the asset.
Positioned within a vibrant precinct featuring established cafés, specialty retailers, and dense residential catchment, this property also presents potential for long-term capital growth and increased demand for tenancy. Its vacant possession status allows immediate activation for owner-occupiers or a tailored strategy for investors seeking value uplift. This is a unique high-street holding in a tightly held retail strip with enduring appeal.

Property Facts

Price $716,467 CAD
Price / SF $802.31 CAD / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 893 SF
Total Land Area 0.07 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
622 High Street, Thornbury VIC 3071 Office 624 SF - -
Building 2
622 High Street, Thornbury VIC 3071
Office 269 SF - -
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  • Listing ID: 40521807

  • Date on Market: 2026-05-14

  • Last Updated:

  • Address: 622 High Street Thornbury VIC 3071, Thornbury, VIC

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