6 1 Grattan Street Prahran VIC 3181

Positioned within one of Prahran’s most tightly held lifestyle pockets, this architecturally refined commercial space presents a rare opportunity to secure a fully leased, design-driven investment with long-term appeal.

Currently occupied by Mika Melbourne, a premium boutique hair studio, the property offers a compelling combination of secure income, strong tenant profile, and high-quality presentation — a rarity at this price point.

Investment Overview
Securely leased to established operator Mika Melbourne
Five (5) year lease from 1 September 2024
Further 5-year option through to 2034
Current rent: $27,040 p.a. + GST (Year 2)
Fixed 4% annual increases providing built-in rental growth
Gross lease structure (tenant pays utilities)
Approx. 75 sqm internal area + 2 car spaces
The Asset

A thoughtfully designed studio space that balances industrial character with warmth and functionality:

Expansive natural light via large windows
Concrete-look flooring (durable vinyl finish for comfort and practicality)
Exposed ceiling detail with modern track lighting
High-end bespoke timber joinery throughout
Multiple serShow Addresse stations with plumbing in place
Private kitchenette and amenities
Flexible open-plan layout suited to a range of uses (STCA)

Importantly, the current tenant has invested significantly in the internal fit-out, fixtures and equipment, reinforcing both the quality of the space and their long-term commitment to the premises.

This is a space that doesn’t just accommodate a business — it enhances it, which is exactly what drives tenant retention.

Tenant Profile | Mika Melbourne
Mika Melbourne is a boutique, design-led hair studio founded by Mika, an industry professional with over 25 years’ experience.

Having commenced her career in Tokyo within one of the city’s most prestigious salons, Mika developed a reputation for precision and craftsmanship before relocating to Melbourne in 2014.

Since establishing her business, she has built a loyal client base grounded in quality, consistency and a highly personalised serShow Addresse approach, with a focus on:

Organic and health-conscious products
Tailored, client-specific outcomes
A calm, curated studio environment

Her business is craft-driven rather than volume-driven, aligning directly with the quality and presentation of the premises.

Location
Situated just moments from Greville Street, Chapel Street and Prahran Station, the property benefits from:

Exceptional connectivity and accessibility
Immediate proximity to cafes, retail and lifestyle amenity
Strong local foot traffic and brand exposure
Ongoing demand from creative and serShow Addresse-based operators

Positioning
This is not a generic commercial investment.

It’s a design-led, lifestyle-oriented asset combining:

A high-quality physical product
A committed, established tenant
Structured rental growth

Creating a compelling opportunity for investors seeking income with substance.