388-394 Rathdowne Street,
Carlton North, VIC 3054
Development Sites & Land • Offices • Shops & Retail
Key property information
Land area
Floor area
Zoning
Private inspections
to arrange a private inspection.
Nelson Alexander Commercial - FITZROY
187 Gertrude StFITZROY, VIC 3065
388-394 Rathdowne Street
Carlton North, VIC 3054
Map of 388-394 Rathdowne Street
Train stations within 5 km of 388-394 Rathdowne Street, Carlton North, VIC 3054 Distance Parkville Station 1.8 km Rushall Station 1.8 km Jewell Station 1.9 km Royal Park Station 2 km Clifton Hill Station 2 km POWERED BY HERE ©Tram stops within 5 km of 388-394 Rathdowne Street, Carlton North, VIC 3054 Distance 116-Fenwick St/Lygon St (Carlton North) 294 m 115-Melbourne Cemetery/Lygon St (Carlton North) 320 m 18-Freeman St/Nicholson St (Fitzroy North) 372 m 18-Curtain St/Nicholson St (Carlton North) 372 m 17Alexandra PdeNicholson St Fitzroy North 515 m POWERED BY HERE ©Bus stops within 5 km of 388-394 Rathdowne Street, Carlton North, VIC 3054 Distance Fenwick StRathdowne St 98 m Curtain Square/Rathdowne St (Carlton North) 150 m OGrady StRathdowne St Carlton North 263 m Lee StRathdowne St Carlton North 362 m Richardson StRathdowne St Carlton North 384 m POWERED BY HERE ©
POWERED BY HERE ©
Rare Rathdowne Village Opportunity – Iconic Freehold Investment
- First Time Offered In 40+ Years
- Suit Occupiers, Investors & Developers
- Premier Rathdowne Village Location
Nelson Alexander Commercial is delighted to offer For Private Sale 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.
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.
Carlton North, 3054 demographic data
The median household income for Carlton North is $2,400, 26% higher than Greater Melbourne's household income of $1,901. Carlton North has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 39% of property owners in Carlton North have a mortgage.
6,177
Population
$2,400 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
Nelson Alexander Commercial - FITZROY187 Gertrude St
FITZROY, VIC 3065
FITZROY, VIC 3065
More properties from Nelson Alexander Commercial - FITZROY
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
791-793 Park Street,Brunswick, VIC 3056 1 m²Hotel, Motel & Leisure • Development Sites & Land • Other