54 Johnston Street, Collingwood

Commanding a high-exposure corner on Johnston and Budd Streets, this well-maintained two-storey shop and dwelling represents an exceptional opportunity for owner-occupiers, investors and future developers seeking a strategic foothold in one of Melbourne’s most exciting inner-city precincts.

With brilliant street presence and a flexible floorplan across two levels, the property offers outstanding scope for those with vision—whether to elevate the existing retail/residential configuration, re-imagine the internal layout, or explore value-add and development potential (STPA). The corner position, rear laneway access, and direct vehicle crossover from Budd Street significantly enhance the site’s appeal, particularly in an area where neighbouring properties have already achieved successful upper-level additions.

Perfectly positioned almost opposite the newly opened Veriu Hotel & Apartments and moments from the iconic Smith Street retail and hospitality strip, this location continues to evolve rapidly. Johnston Street has undergone a major uplift over the past decade with strong ongoing investment, new residential and commercial projects, and growing foot traffic reinforcing its future capital growth prospects.

The attractive period façade, side and rear access, and prominent corner orientation ensure excellent visibility for any business use—ideal for hospitality, speciality retail, creative studios, consulting rooms or boutique commercial headquarters (all subject to planning requirements).

The property is currently leased until February 2028, with no further options. The tenant has indicated interest in negotiating a new agreement, providing flexibility for buyers seeking secure income or those aiming to occupy the building themselves at lease end.