A rare opportunity has emerged to secure a prime corner property in one of Essendon’s most tightly held retail precincts. Currently home to Mind Alive, a beloved toy store operating since 1978, the property offers exceptional potential for occupation, investment, or redevelopment in a thriving suburban hub.
Located at 9 Leake Street, Essendon, the site spans 328 sqm and features a 199 sqm single-story building with mezzanine, storage, and kitchen facilities. Its corner position delivers a prominent 10.2-meter frontage, onsite parking, and high visibility with approximately 28,000 vehicles passing daily along Mount Alexander Road.
Zoned Commercial 1, the property provides the flexibility to accommodate various uses, including retail, hospitality, or mixed-use development.
Savills Australia & New Zealand agents James Latos, Julian Heatherich, and Benson Zhou are managing the sale of the property.
James Latos, Associate Director, Commercial Sales at Savills Australia and New Zealand noted the property’s outstanding potential, "The long-standing success of Mind Alive underscores the enduring strength of Essendon’s retail precinct. This property’s location and zoning offer future owners a wealth of possibilities to capitalise on its unique attributes."