This article is from the Australian Property Journal archive
AUSTRALIAN fashion label Saba is coming to Church St Brighton.
Fitzroys division director – agency Mark Talbot negotiated the lease for 38 Church St, at $130,000 per annum plus outgoings and GST.
“Church Street has retained its reputation as Melbourne’s best-performing retail strip for some time, boasting a strong mix of national retailers and fashion labels, as well as highly regarded local operators,” Talbot said.
Church Street boasts one of the tightest vacancies of Melbourne’s iconic shopping strips. Fitzroys’ Walk the Strip report showed vacancies were crunched from 2.7% in 2017 to 1.3% in 2018.
“Opportunities for retailers to secure a prized Church Street location are rare and inevitably fiercely contested, reflecting the strip’s constrained supply and positioning within one of Melbourne’s most affluent and established consumer catchments,” Talbot said.
Australian Property Journal
