791-793 High Street, Thornbury
Over recent years, the inner-north suburb of Thornbury has transitioned from a working-class area with a strong Greek and Italian immigrant history to become a magnet for young professionals, families, and singles, driven by the desire for a closer-to-city lifestyle and its amenities. To cater for a growing population, Thornbury is seeing considerable residential development.
High Street, the central spine of the suburb, was named by Time Out in 2024 as the world’s coolest street. These two single-level commercial freeholds occupy a high-profile position in the heart of that eclectic hospitality and retail strip. The properties, on two titles, are currently operating under a single lease and will be sold as one.
The space is currently utilised as a large gallery fronting onto High Street plus individual artist studios and a workshop/studio. The interior is in excellent condition, with high ceilings and ample natural light. A laneway at the rear provides additional access via a small courtyard.
This property has much to offer a new owner-occupier or investor, with many possible uses including a hospitality venue, creative office or retail showroom. Longer term, there is significant potential to develop^. A permit has previously been issued for a five-storey mixed-use development of 12 apartments plus ground floor retail. Although this permit has lapsed, it demonstrates the scope to add significant value to the site in the future.
Key features
• Land area 431 sqm*
• Combined building area 302 sqm*
• Expansive 11.67 m* frontage
• Returning $69,400 pa*
• To be sold in one line
Location
• Pedestrian lights at the door
• Tram stop on the doorstep (Route 86)
• 4-minute walk to Thornbury station
• Shops, supermarket and cafés nearby
• Opposite primary school
• High-profile residential development opposite
The property will be auctioned at 12pm on Wednesday 10 December. For more information, contact Rory White on 0439 655 504 or rwhite@grayjohnson.com.au
*Approx.
^STPA
