Spotlight on Maling Road, Canterbury

By Richard Munday May 24, 2019

Maling Road, Canterbury
"Everyone's a Local"

Maling Road is a boutique retail strip located just off Canterbury Road in Melbourne’s eastern suburbs comprising approximately 70 retail and service businesses. The location was centred around its proximity to the Canterbury Railway Station built in 1882. Most of the commercial buildings in this precinct date from the early 20th century with many in the Queen Anne style as opposed to Victorian.

Maling_Road_Canterbury_1

The suburb of Canterbury has an approximate population of 8,400 residents with an average age of 44 years and a median house price of $2.315 million.

Whilst Maling Road largely appeals to locals, it also draws visitors and tourists from further afield due to its charm and village like atmosphere.

According to the Maling Road Trader’s Association website:

Maling Road is a colourful, contemporary village offering a selection of quality homeware, gifts, beauty, fashion, cafes, fresh food and eateries that create the unique Maling Road experience... Stroll through enticing walkways and get immediately caught up in the eclectic atmosphere… Uncover stores that supply the unique and the everyday and be greeted by business owners who understand you are a customer, not a consumer. Shop where owners will get to know you by name.

The Make Up of Maling Road, Canterbury

the-make-up-of-maling-road-canterbury-chart

Food  
Cafes 11
Take-away 1
Restaurants 1
Bakery 1
Fruit 2
Butcher 1
Confectionary 1
Supermarket 1
Total 19

Health / Medical / Beauty  
Beauty 3
Hair 3
Optometrist 1
Pharmacy 1
Total 8

Retail  
Fashion 
- Women’s (9)
- Kids (1)
- Accessories (1)
- Jewellery (3)
14
Footwear 2
Florist 1
Antiques 1
Homewares 8
Newsagent 1
Toys 1
Total 28

Services  
Dry Cleaning 1
Clothing Alteration 1
Offices 3
Total 5

For Sale 0
For Lease 8
Total 8

Total: 68

Maling_Road_Canterbury_2

Observations

Not surprisingly, cafes feature as the predominant use, however women’s fashion and homewares and gifts are also well represented. Generally speaking most other retailers appear with unique offerings. A small IGA supermarket is also present.

It is interesting to note there has been a past proposal to demolish large parts of the shopping centre and construct a supermarket as well as a council proposal to turn part of the street into a pedestrian mall. These proposals were met with resistance from the local community and therefore scrapped.

The unique village atmosphere is clearly held dear by the locals and further supported by the total lack of franchise operators present, only unique retailers occupy the strip. The area is more of a specific shopping destination than one with high passing foot traffic which would otherwise typically support higher proportions of take away food outlets and convenience stores.

Maling_Road_Canterbury_3

Opportunities

Homewares/gifts and womens’ fashion are a drawcard to this precinct, however you would need to be mindful of what stock is currently available, price point and turnover to differentiate yourself before committing to a Lease. Health and medical would also appear to be an area for potential growth especially given the age demographic of the local catchment area. Skincare and secondary medical uses such as podiatry may further enhance this location.

Whilst cafes are well represented, there is only one dedicated restaurant. As such there is potential for fine dining, especially given the ample after hours car parking available nearby.

The range of food on offer at the various cafes, whilst certainly appealing, is fairly homogenous. Opportunities therefore exist for varied cuisine such as a Thai or Japanese restaurant.

Take a look at our current opportunities to secure a tenancy at Maling Road here:

e3f9998c-417c-e911-a966-000d3ad02144

145 Maling Road, CANTERBURY VIC 3126


147 Maling Road, CANTERBURY VIC 3126

147 Maling Road, CANTERBURY VIC 3126


143 Maling Road, CANTERBURY VIC 3126

143 Maling Road, CANTERBURY VIC 3126

118 Maling Road, CANTERBURY VIC 3126

118 Maling Road, CANTERBURY VIC 3126

To find out more about Maling Road, visit the Traders Association website: http://malingroad.com.au/

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Richard Munday

Written by Richard Munday

Having specialized in Retail Leasing within the Cities of Boroondara, Stonnington and Port Philip, and more generally in commercial sales & leasing for some 30 years, Richard is considered a local Melbourne commercial property expert.

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