![]() Asset Class: | Retail |
![]() Price: | $ 780000 |
![]() Net Yield: | 5.90 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
<p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">91 Cocoa Jackson Lane is an exceptional retail property located in the heart of Brunswick East, a vibrant and rapidly developing suburb just minutes from Melbourne’s CBD. This 122sqm space is leased to Noor. The Salon, a premium beauty and wellness destination founded by renowned hairstylist Nadine Kareem. </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">The property is leased under a 5-year lease starting 1st June 2024, with an option for a further 5 years. The lease includes annual rent increases of 3%, ensuring a reliable income stream for investors. The current rental income is $48,410 per annum (as of June), with consistent annual increases providing long-term growth potential. The state-of-the-art fit-out is designed to reflect the premium nature of the brand, providing a luxurious and tranquil environment for clients while enhancing the overall value of the property.</span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Strategically located just 20 meters off Lygon Street, one of Australia’s most iconic retail and dining strips,The property forms part of the Brunswick East by Milieu development, a luxury residential and commercial project designed by Milieu Property. This contemporary development includes 43 sold out modern apartments, retail spaces, and community-centric amenities. This property enjoys high visibility and foot traffic. The area is well-connected by tram routes and bus services, ensuring excellent accessibility to the CBD and surrounding areas. Brunswick East is an area experiencing strong growth, with both residential and commercial developments transforming the landscape. </span></p>
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<p style=""><span style="color:rgb(0, 0, 0);">91 Cocoa Jackson Lane is located 20 metres off Lygon St, Brunswick.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Lygon Street, Melbourne - Location Profile</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Lygon Street, beginning in Brunswick and run all the way through to Carlton and the CBD, is one of Melbourne’s most popular and well-known streets, regularly ranked among Australia’s highest-rated for both dining and retail. Stretching from Melbourne University to the Queen Victoria Market, it is a vibrant hub that attracts locals, students, professionals, and tourists. The street is famous for its thriving restaurant scene, with a diverse range of dining options that cater to all tastes and budgets, from casual cafes to high-end eateries.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Lygon Street is a central spot for Melbourne’s cultural and social life, with shopping, art galleries, and entertainment drawing in visitors from all over the city. It is exceptionally well-connected, offering easy access via tram routes and major roads to the CBD and surrounding areas. The combination of a bustling atmosphere, excellent transport links, and diverse offerings makes Lygon Street one of Melbourne’s most sought-after destinations for dining, shopping, and entertainment.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Brunswick East – Inner North Melbourne</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);"><b>Overview</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Brunswick East is a vibrant and diverse inner-northern suburb of Melbourne, located just 3.8 km north of Melbourne CBD. Known for its strong sense of community, eclectic mix of heritage homes, and thriving cultural scene, the suburb has become a highly sought-after location for young professionals, students, and families. With its blend of leafy streets, bustling retail hubs, and easy access to public transport, Brunswick East is a suburb that perfectly balances urban living with a relaxed, community-oriented atmosphere.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Brunswick East has a population of approximately 22,000 people and is experiencing steady growth due to its popularity among those wanting to live close to Melbourne’s city centre without the hustle and bustle of CBD living. The suburb is now home to many cafes, restaurants, and local businesses, offering a unique mix of modern amenities and historic charm.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Transport & Connectivity</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Brunswick East is exceptionally well-served by public transport, making it easy for residents to access the CBD and other parts of Melbourne. The suburb is well-connected by tram routes, particularly Route 1 (which runs from the CBD to the eastern suburbs) and Route 8. Additionally, Brunswick Railway Station, located on the border of Brunswick and Brunswick East, provides direct access to Melbourne’s train network, making commuting to the CBD fast and easy. Sydney Road, a major road running through the suburb, connects to the CityLink freeway, providing quick access to Melbourne’s airport and the broader road network.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Retail & Commercial Activity</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Brunswick East is home to a thriving retail and hospitality scene, with a variety of local shops, cafes, restaurants, and boutiques. Lygon Street and Glenlyon Road are the key commercial streets in the area, offering everything from casual eateries to high-end restaurants. Popular among foodies, the suburb is well-known for its vibrant café culture and its international food scene, featuring Italian, Middle Eastern, and modern Australian cuisine. The nearby Brunswick Mall and Sydney Road are further commercial hubs, offering a mix of retail outlets, grocery stores, and services.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Additionally, Brunswick East has a growing number of co-working spaces and creative businesses, making it an attractive location for freelancers and small businesses.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Education & Employment Hubs</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Brunswick East benefits from its proximity to several important education institutions. The suburb is close to Melbourne University and RMIT University, two of Australia’s top universities, making it an ideal location for students and academic professionals. The area is also home to Victoria University in nearby Footscray, further cementing its role as an educational hub.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Employment-wise, the suburb benefits from its proximity to Melbourne’s central business district and the Parkville Biomedical Precinct, which is home to major research and healthcare institutions, including The Royal Melbourne Hospital, The Royal Children’s Hospital, and Peter MacCallum Cancer Centre. The nearby Brunswick Business Park also hosts a mix of businesses in retail, creative industries, and light manufacturing, offering a range of employment opportunities.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Residential & Investment Appeal</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Brunswick East is known for its wide range of housing options, from traditional Victorian terrace houses and art-deco flats to modern apartments and townhouses. The area has become increasingly attractive to young professionals, students, and families seeking affordable homes close to the city. The median house price in Brunswick East is approximately $1.2 million, with apartments averaging $600,000. Given its proximity to the CBD and the ongoing transformation of surrounding areas, the suburb presents strong potential for capital growth.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">The suburb has also become popular with investors due to its proximity to key commercial and educational hubs, making it a desirable location for rental properties. The strong demand for both rental and owner-occupier properties make Brunswick East a great option for long-term investment.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Future Growth & Developments</b></span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Brunswick East is experiencing ongoing urban renewal, particularly in areas near the Edgars Creek and Ceres Community Environment Park. Several new residential developments are in the pipeline, with medium-density apartment buildings and mixed-use developments set to reshape the suburb’s landscape over the next decade.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">The ongoing development of the Parkville Precinct, which will include new research, healthcare, and education facilities, will further enhance the area’s appeal, increasing both property values and the demand for local amenities. Additionally, the Metro Tunnel Project, expected to be completed by 2025, will improve public transport connectivity and accessibility to the city, further enhancing Brunswick East’s position as a key inner-city suburb.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Why Invest in Brunswick East?</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">• Proximity to the CBD – Just 6 km from Melbourne’s city centre, offering strong rental demand and capital growth.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Excellent Public Transport Links – Well-served by trams, buses, and trains, ensuring easy access to the CBD and surrounding areas.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Vibrant Retail & Dining Scene – Known for its trendy cafes, restaurants, and unique local shops, with a strong focus on food and culture.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Educational & Employment Opportunities – Close to major universities, hospitals, and research institutions, ensuring steady demand for housing.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Ongoing Development & Urban Renewal – Significant urban development projects are transforming the area, boosting infrastructure and liveability.</span></p><p style=""><span style="color:rgb(0, 0, 0);">• Diverse Housing Options – A mix of housing types, appealing to young professionals, students, families, and investors alike.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p>
Additional Location Information File<p style="margin-inline-start:0cm;"><span style="color:rgb(0, 0, 0);"><b>Noor. The Salon</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Noor. The Salon is a premier beauty and wellness destination offering a luxurious, tranquil environment for clients seeking exceptional hair, skin, and nail services. Specializing in haircuts, styling, colour treatments, facials, and nail services, Noor. The Salon is renowned for delivering top-tier beauty treatments, outstanding customer service, and a modern approach to beauty care. The salon has earned a reputation for using only high-quality products and employing skilled professionals, positioning it as a go-to destination for premium beauty services.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Founder</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Founded by Nadine Kareem, a highly successful hairstylist with over 6,500 loyal followers, Noor. The Salon is the next chapter in her journey of providing top-notch haircare. Nadine has built a dedicated fanbase of clients who trust her expertise and her ability to deliver impeccable results. With her established reputation in the beauty industry, Nadine brings her loyal clients to Noor. The Salon, ensuring a consistent and strong customer base from the outset.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);"><b>Location & Fit-Out</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Since establishing its presence at 91 Cocoa Jackson Lane, Noor. The Salon has become a standout name in the beauty industry. The salon boasts an extensive and state-of-the-art fit-out designed to complement the luxurious and modern atmosphere of the brand. Every detail has been carefully curated to reflect the high-class standards of the services offered, ensuring a seamless and comfortable experience for clients. The elegant and contemporary design supports the salon’s premium positioning, providing a tranquil and sophisticated space for beauty treatments.</span></p>
Initial Term:
Security:
3 Months Rent - $12,102
Security Info:
3 Months Rent - $12,102
Initial Term:
Security:
3 Months Rent - $12,102
Security Info:
3 Months Rent - $12,102
9 Wilson Av, Brunswick $69,000 126sqm $548psqm 822 Sydney Road, Brunswick $40,000 96sqm $417psqm 1 Wilson Avenue, Brunswick $35,000 68sqm $515psqm Shop 1, 216 Albion Street, Brunswick $49,500 115sqm $430psqm 2/638 High Street, Thornbury $44,275 85sqm $521psqm 334A High Street, Northcote $40,803 72sqm $567psqm 101/ 1 Wilson Avenue, Brunswick $38,000 90sqm $422psqm 108/ 1 Wilson Avenue, Brunswick $35,000 79sqm $443psqm G07/ 1 Wilson Avenue, Brunswick $42,000 100sqm $420psqm G06/ 1 Wilson Avenue, Brunswick $35,000 68sqm $515psqm Lot 7/ 1 Wilson Avenue, Brunswick $45,000 102sqm $441psqm
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Finance:
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Settlement:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Building Area</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: 122m2</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Lease Term</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: 5-year lease starting 1st June 2024, with 3% annual rental increases and a 5-year option.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Current Tenant</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: Noor. The Salon, a high-end beauty and wellness salon with a loyal client base of over 6,500 followers.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Rental Income</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: $48,410 p.a. (June 2025), with 3% annual increases, ensuring stable rental growth.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>High-End Fit-Out</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: Extensive, modern, and luxurious design that complements the salon’s premium services.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Prime Location</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: Just 20 meters off Lygon Street, providing high visibility and strong foot traffic in a sought-after area.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Excellent Transport Links</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: Close to tram routes and bus stops, ensuring easy access to the CBD and surrounding suburbs.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Strong Market Growth</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: Brunswick East is experiencing rapid residential and commercial development, enhancing the area’s long-term appeal and potential for capital appreciation.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);font-style:normal;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Low Outgoings:</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> Tenant pays all usual outgoings; except land tax (trust) $1,458 p.a. & management fee 2% </span></p></li></ul>