Added 1 day ago
Joomak, 409 Swanston Street,
Melbourne, VIC 3000
Shops & Retail
Added 1 day ago
Key property information
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$82,642
Private inspections
to arrange a private inspection.
CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Joomak, 409 Swanston Street
Melbourne, VIC 3000
Map of Joomak, 409 Swanston Street
Train stations within 5 km of Joomak, 409 Swanston Street, Melbourne, VIC 3000 Distance Melbourne Central Station 153 m State Library Station 209 m Flagstaff Station 702 m Town Hall Station 837 m Parliament Station 936 m POWERED BY HERE ©Tram stops within 5 km of Joomak, 409 Swanston Street, Melbourne, VIC 3000 Distance 8-Melbourne Central Station/Swanston St (Melbourne City) 100 m Melbourne Central Station 101 m 7RMIT UniversityFranklin Street 135 m 7-Russell St/la Trobe St (Melbourne City) 248 m 5-Melbourne Central Station 249 m POWERED BY HERE ©Bus stops within 5 km of Joomak, 409 Swanston Street, Melbourne, VIC 3000 Distance Little Lonsdale St/Russell St (Melbourne City) 203 m Old Melbourne Gaol/Russell St (Melbourne City) 268 m La Trobe StRussell St Melbourne City 297 m Tattersalls Lane/Lonsdale St (Melbourne City) 303 m Trades Hall/Lygon St (Carlton) 339 m POWERED BY HERE ©
POWERED BY HERE ©
Swanston Street hospitality investment securely leased to Korean Restaurant institution Joomak
- First time offered in 29 years
- 5+5 year lease in place
- Rare 5am liquor licence
CBRE are pleased to present For Sale a fully leased Swanston Street hospitality investment located at within the Druid’s building located at 407-409 Swanston Street, Melbourne.
This extremely rare Swanston Street hospitality investment can be summarised by the following key points:
+ A 186 square metre* restaurant tenancy offered fully leased to Korean restaurant & late night institution, ‘Joomak’ benefiting from an existing and highly valuable 5am liquor licence as well as rear lane access and loading to Literature Lane
+ 5+5 year net lease (Exp. Sept-29) returning $82,642* per annum with 3% fixed annual increases
+ AAA Swanston Street location directly opposite RMIT University and only 30m from the new entrance of the State Library Train Station and moments from Melbourne Central Train Station and Swanston Street tram network
+ A once in a generation opportunity to purchase a sub $2m retail investment on the Melbourne CBD’s most tightly held and premier retail street
Joomak, 409 Swanston Street, Melbourne is For Sale via Expressions of Interest closing Thursday 19th March 2026 at 2:00pm (AEDT)
For further information please contact the exclusive sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 4...
alex.brierley@cbre.com.au
Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 1... (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
*Denotes Approx.
This extremely rare Swanston Street hospitality investment can be summarised by the following key points:
+ A 186 square metre* restaurant tenancy offered fully leased to Korean restaurant & late night institution, ‘Joomak’ benefiting from an existing and highly valuable 5am liquor licence as well as rear lane access and loading to Literature Lane
+ 5+5 year net lease (Exp. Sept-29) returning $82,642* per annum with 3% fixed annual increases
+ AAA Swanston Street location directly opposite RMIT University and only 30m from the new entrance of the State Library Train Station and moments from Melbourne Central Train Station and Swanston Street tram network
+ A once in a generation opportunity to purchase a sub $2m retail investment on the Melbourne CBD’s most tightly held and premier retail street
Joomak, 409 Swanston Street, Melbourne is For Sale via Expressions of Interest closing Thursday 19th March 2026 at 2:00pm (AEDT)
For further information please contact the exclusive sales and marketing agents at CBRE:
Alex Brierley
+61 447 974 4...
alex.brierley@cbre.com.au
Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 1... (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
*Denotes Approx.
Melbourne, 3000 demographic data
The median household income for Melbourne is $1,448, 24% lower than Greater Melbourne's household income of $1,901. Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 29 vs 37). Property ownership data shows 47% of property owners in Melbourne have a mortgage.
54,941
Population
$1,448 per week
Median household income
29 years
Median age
Renters
Most residents
Singles
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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