An outstanding opportunity to secure a prominent corner retail investment in the heart of Swan Street, one of Melbourne’s most tightly held and high-performing retail and hospitality precincts.

Offering exceptional exposure, strong income and a newly established long-term lease to a recognised national operator, this asset presents a compelling blue-chip investment proposition.

Property highlights include:

• High-profile corner position with dual street frontage

• Exceptional exposure to Swan Street and Dickmann Street, with a Council car park immediately behind the property

• Leased to Chargrill Charlie’s, a nationally recognised hospitality operator

• New 10-year lease providing long-term income security

• Current rental: $115,000* per annum plus outgoings (Council rates + water rates + landlord’s insurance premiums)

• Fixed 3.5% annual rental increases

• Fit-out, including air-conditioning, plant & equipment, carried out in 2025 is the tenant's property

• Prominent landholding of 195sqm* allowing for future development potential (STCA)

• Building area: 178sqm*

• Zoning: Commercial 1 Zone (C1Z)

• Prime retail/hospitality location within the Swan Street precinct, only 180m* from the Richmond East train station

*approx.

171-173 Swan Street, Richmond is offered for sale via onsite Public Auction on Thursday 30th April 2026 at 1pm.

For more information or to arrange an inspection, please contact Gross Waddell ICR directly.