388-394 Rathdowne Street Carlton North VIC 3054

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.