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Gold-standard corner freehold hits the market in Richmond’s booming furniture precinct

Jess Freeman • 01/07/2025
575 Church St. Richmond For the first time since 1966, a prized corner freehold in the heart of Richmond’s Church Street furniture precinct is being offered to the market - presenting a rare opportunity for investors, owner-occupiers and value-add buyers alike.

Located at 575 Church Street, the two-level property spans 400 sqm of building area on a 218 sqm landholding, boasting more than 34 metres of prime corner frontage.

Cushman & Wakefield’s Raphael Favas, George Davies and Anthony Kirwan will take the property to public auction on 12 August 2025, with a price guide of $3 million+.

Offered with a short-term monthly lease and the flexibility to purchase with vacant possession, the property features dual access, secure garage parking, and a functional showroom fit out with polished concrete floors, kitchenette and bathroom amenities on both levels. Its dual entry points allow for potential separate tenancies across the two floors.

Positioned among some of Australia’s most recognisable furniture and homewares brands, including Jardan, Coco Republic, Lounge Lovers and Signorino, the property sits in one of Melbourne’s most tightly held and high-performing retail strips. Recent leasing activity has seen rents in excess of $750/sqm achieved along Church Street, underscoring the precinct’s growing appeal.

“This is a generational opportunity to secure a high-exposure freehold in one of Melbourne’s most dynamic and design-focused retail corridors,” said Raphael Favas of Cushman & Wakefield.
“With strong rental growth, flexible occupancy options and a location surrounded by national brands and lifestyle amenity, 575 Church Street is the kind of asset that rarely comes to market” he said.

The property is also well-connected, with tram access along Church Street and East Richmond Station just 600 metres away. Surrounded by popular cafés and restaurants such as Baby Pizza, Top Paddock and Pillar of Salt, the location offers a vibrant lifestyle setting that continues to attract premium tenants and strong foot traffic.
 
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

Media Contact

Jess Freeman
Jess Freeman

PR & Communications Director ANZ • Sydney

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