CBRE are pleased to present For Sale a fully leased Swanston Street hospitality investment located at within the Druid’s building located at 407-409 Swanston Street, Melbourne.

This extremely rare Swanston Street hospitality investment can be summarised by the following key points:

+ A 186 square metre* restaurant tenancy offered fully leased to Korean restaurant & late night institution, ‘Joomak’ benefiting from an existing and highly valuable 5am liquor licence as well as rear lane access and loading to Literature Lane

+ 5+5 year net lease (Exp. Sept-29) returning $82,642* per annum with 3% fixed annual increases

+ AAA Swanston Street location directly opposite RMIT University and only 30m from the new entrance of the State Library Train Station and moments from Melbourne Central Train Station and Swanston Street tram network

+ A once in a generation opportunity to purchase a sub $2m retail investment on the Melbourne CBD’s most tightly held and premier retail street

Joomak, 409 Swanston Street, Melbourne is For Sale via Expressions of Interest closing Thursday 19th March 2026 at 2:00pm (AEDT)

For further information please contact the exclusive sales and marketing agents at CBRE:

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)

*Denotes Approx.