Price Information
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$55,000 P.A. + GST + Outgoings | New 3+3+3+3 Year Lease | Korean Restaurant
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Have questions? We have answers. Get in touch with our exclusive agents:
Leo Kikyris
0412 410 239
leo@steleo.com.au
Steve Kikyris
0432 309 154
steve@steleo.com.au
Steleo is proud to present 285a Victoria Street, Abbotsford for sale — a securely leased retail investment positioned. This freehold property is leased to an experienced Sydney-based hospitality operator trading as Hand Made Noodle Strathfield, now expanding into the Melbourne market. The tenant is currently completing their restaurant fit-out, with the lease having commenced in February 2026.
The tenancy operates as a Korean restaurant and benefits from Victoria Street’s strong food culture, consistent foot traffic, and surrounding residential density.
Investment Summary
* Current Rental: $55,000 per annum + GST
* Tenant pays 100% of outgoings (as permitted under the Retail Leases Act)
* Lease Term: 3 years initial term
* Further Options: 3 x 3-year options
* Lease Commencement: February 2026
* Established interstate operator expanding into Melbourne market
* Tenant currently completing full restaurant fit-out
Highlights:
* Building Area: 86m²**
* Land Area: 100m²**
* Freehold title
* Fit-Out Underway
* Commercial 1 Zoning
Why Victoria Street
Victoria Street, Abbotsford is one of Melbourne’s most tightly held hospitality strips, supported by:
•Dense surrounding residential catchment
•Strong Asian dining culture and established restaurant presence
•Tram connectivity directly to the CBD
•Proximity to major inner-city employment hubs
•Ongoing mixed-use redevelopment strengthening long-term capital growth
This offering presents a structured, income-producing investment in a proven food and retail corridor with long-term lease security and an expanding operator.
**Approx.
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Property Details
Property Type
Retail
Land Area
Building Area
Car Spaces
100 m2
86 m2
2
Property Location
285A Victoria Street, Abbotsford, VIC, 3067
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