388-394 Rathdowne Street, Carlton North, Vic 3054

Land/Development
|Offices
|Retail
Contact Agent
Published on: 01 Jun 2025
Last updated on: 03 Jul 2025
388-394 Rathdowne Street, Carlton North, Vic 3054
388-394 Rathdowne Street, Carlton North, Vic 3054
388-394 Rathdowne Street, Carlton North, Vic 3054
+15
388-394 Rathdowne Street, Carlton North, Vic 3054
  • 15
Property ID: 504853644
Translate to English

Key property information

Land Size
515.00 m2
Zoning
Commercial 1
Floor Area
621.00 m2

Rare Rathdowne Village Opportunity – Iconic Freehold Investment

388-394 Rathdowne Street, Carlton North, Vic 3054
Expressions of Interest - Closing Date TBA
Nelson Alexander Commercial is delighted to offer For Sale via Expressions of Interest this exceptional landholding in the heart of Rathdowne Village – one of Melbourne’s most tightly held and highly sought-after retail strips.  Comprising four adjoining shops on a prominent site with over 20 metres of street frontage, this blue-chip opportunity offers immense versatility for investors, owner occupiers, and developers alike (STCA).  Steeped in history, the property is affectionately known as the birthplace of the iconic La Porchetta Restaurant business – a Melbourne institution with international recognition.  Featuring charming period verandas and generous footpath dining options (STCA), it is perfectly positioned to capitalise on the area's strong hospitality and lifestyle appeal.  Additional features include an existing liquor licence and hospitality infrastructure, further enhancing its value and potential.  Opportunities of this calibre in such a tightly held precinct are exceptionally rare.  We strongly encourage your consideration of this once-in-a-generation offering.

Key Property Features:

•	Versatile Commercial 1 (C1) Zoning
•	Substantial landholding of approx. 515m²
•	Expansive building area of approx. 621m²
•	Offered with vacant possession
•	Premier location in the heart of Rathdowne Village
•	First time offered in over 40 years
•	Four stunning adjoining shopfronts in a row
•	Impressive street frontage exceeding 20 metres
•	Home to the original La Porchetta Restaurant
•	Includes a valuable existing liquor licence
•	Dual access from both front and rear
•	Located in highly sought-after Carlton North
•	Fitted with hospitality and kitchen infrastructure
•	A truly rare opportunity in a tightly held precinct
•	Excellent exposure to consistent high foot traffic
•	Local market strength: Carlton North median house price $1.61M (REA, March 2025)
•	An outstanding investment, development or owner-occupier opportunity in a prestigious inner-city locale – inspection highly recommended

For all property enquiries or to arrange an inspection please contact exclusive selling agents Nelson Alexander Commercial.

Property Details

Basic Info

Property Type
Land/DevelopmentOfficesRetail
Listing Status
On Market
Land Size
515.00 m2
Address
388-394 Rathdowne Street, Carlton North, Vic 3054
Damien Theisz
Damien Theisz
Joe Horton
Joe Horton
187 Gertrude St, Fitzroy, Vic 3065
Get in touch
Report this page

Contact Agent

Email enquiry to Nelson Alexander Commercial - FITZROY

Damien Theisz
Damien Theisz
Joe Horton
Joe Horton
187 Gertrude St, Fitzroy, Vic 3065
What's your enquiry about?
      By clicking "Submit", you accept our Privacy Policy and acknowledge that as the agent for this property is located overseas, your information may not be handled in accordance with the privacy laws applicable to this website.

      Property ID: 504853644

      Original Property ID: 504853644
      * THIS SERVICE MAY CONTAIN TRANSLATIONS POWERED BY GOOGLE. GOOGLE DISCLAIMS ALL WARRANTIES RELATED TO THE TRANSLATIONS, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF ACCURACY, RELIABILITY, AND ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.