Following the record-breaking sale of the Chemist Warehouse building earlier this year, Cushman & Wakefield is bringing another tightly held retail gem to market on Eaton Mall, Oakleigh, Melbourne’s most iconic hospitality strip.
Set to go under the hammer on Thursday 20th November at 11am AEDT, the property at 16 Eaton Mall is tenanted by Vanilla, a beloved local institution with three venues on the same street. Vanilla has been a cornerstone of Oakleigh’s vibrant café culture since 2008, and their recent investment in a brand-new, state-of-the-art fit-out underscores their long-term commitment to the property.
The asset is backed by a 9-year 7-month lease with multiple options, offering investors a secure income stream and significant upside through strategically set market reviews and is for sale through Raphael Favas, Daniel Wolman and George Davies of Cushman & Wakefield.
This offering follows Cushman & Wakefield’s earlier success on Eaton Mall, where the Chemist Warehouse building sold at a remarkable 2.58% yield, highlighting the strength and scarcity of opportunities in this tightly held precinct.
Daniel Wolman of Cushman & Wakefield said “Buyer interest in Eaton Mall assets is incredibly strong. We’re seeing demand from high-net-worth individuals, family offices, and syndicates who understand the long-term value of owning real estate in a location that’s both culturally iconic and commercially resilient.”
Raphael Favas of Cushman & Wakefield, added “This is a true trophy asset. Vanilla is more than a tenant; they’re part of the fabric of Oakleigh. Their presence across three locations on Eaton Mall speaks volumes about their brand strength and operational success. This property offers investors not just income, but identity.”
With only five transactions recorded on Eaton Mall in the past 15 years, and Oakleigh earmarked for high-density development under recent VIC government planning announcements, this is a rare chance to secure a premium retail freehold in one of Melbourne’s most tightly held strips
Vanilla-Sweetened Investment Opportunity Hits Eaton Mall
Jess Freeman • 27/10/2025
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.
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.
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