Retail Leasing | Pran Central, Prahran

^Leasing

Position your business at the heart of Prahran. With tenancies ranging from 20sqm to 100sqm, Pran Central offers flexible leasing opportunities for health and wellness providers, professional services, food operators, fashion retailers and more.

A landmark heritage-listed destination, Pran Central occupies the prominent corner of Chapel Street and Commercial Road, directly opposite the iconic Prahran Market and adjacent to Coles and Woolworths. With exceptional visibility, strong pedestrian traffic and convenient access to the 500-bay Prahran Square car park, the centre is ideally positioned to support business growth.

As a key community hub, Pran Central attracts customers seeking a convenient mix of health, wellness, beauty, dining, fashion and everyday services alongside their regular shopping. Spanning three levels, the centre is home to 35 specialty retailers, including ANZ, Australia Post, Kaya Health Clubs, WholeLife Pharmacy & Healthfoods, Laser Clinics Australia and Specsavers, as well as a 200-seat food court. An on-site residential complex comprising 96 apartments and more than 200 residents further enhances the centre's built-in customer base.

Join a thriving mix of established businesses and connect with thousands of customers who visit one of Melbourne's most vibrant retail precincts each week. Enquire today to find the perfect space for your business.

^{Centre facts}

Neighbourhood Centre of 5,471 sqm GLA
Major Tenants - Kaya Health Clubs, Australia Post, WholeLife Pharmacy & Healthfoods & a Medical Precinct
Prominent national brands in retail mix
200 Seat Food Court
Direct access to 500 underground car park space
Annual estimated traffic figures of 1.2 million
Iconic heritage building in prime Chapel Street location

Key features of Pran Central

Three-level retail destination featuring a diverse mix of health, wellness, beauty, dining and professional services, alongside trusted national brands. The centre offers a 200-seat food court, direct access to 500 nearby parking spaces at Prahran Square, excellent tram and train connectivity, and the unique character of a landmark heritage-listed building.

Pran Central services a substantial trade area of more than 105,000 residents, encompassing Prahran, South Yarra, Toorak, Armadale, Windsor, St Kilda, Caulfield, Cremorne, Richmond and Malvern. This affluent and densely populated catchment provides retailers with access to a diverse customer base and strong local spending power.

Stonnington residents enjoy strong discretionary spending power, with average annual retail expenditure of $16,701 per person - well above the Victorian average. This affluent customer base creates a highly attractive retail environment and provides strong support for specialty retailers, health and wellness operators, dining venues and service-based businesses.

Pran Central's trade area is characterised by a young, affluent and highly engaged customer base. More than 38% of residents are aged 25–39, significantly higher than the Greater Melbourne average, while the average age is 40.1 years. With an average per capita income of $77,500, well above the Melbourne average, the catchment offers retailers access to customers with substantial spending power and a strong appetite for health, wellness, dining, fashion and lifestyle services.

Pran Central offers a range of casual mall leasing kiosk sites available for weekly hire, providing an ideal platform for brand activations, product launches, seasonal promotions and market testing. We also offer short-term pop-up leasing opportunities, giving businesses the flexibility to establish a presence in one of Melbourne's busiest retail precincts without the commitment of a long-term lease.

Pran Central is committed to providing a convenient and comfortable shopping experience, with a range of customer amenities including complimentary Wi-Fi, modern amenities and parent facilities, phone charging stations, and a lost property service.

The centre is fully wheelchair accessible, with convenient access via the Chapel Street, Commercial Road and Cato Street entrances. For added convenience, ATMs are located within the Food Court and at ANZ on Chapel Street.

Specialty Retailers

GLA Over 3 Levels of Retail

0 sqm

Annual Customer Visits

0.2m

MAT May 2026

0.2m

^History

Pran Central is housed within one of Prahran's most iconic heritage landmarks. Originally constructed in 1915 as Read's Store, it was one of Melbourne's largest and most prominent department stores, serving generations of shoppers in what has long been one of the city's premier retail destinations.

The heritage-listed building showcases the grandeur of English Baroque Revival architecture, featuring distinctive oval and circular windows, ornate rusticated facades, elegant Corinthian columns, ribbed green domes and twin domed towers. These striking architectural elements reflect the craftsmanship and design excellence of the early 20th century and continue to make Pran Central a standout feature of Chapel Street today.

For more than a century, the site has played an important role in Melbourne's retail landscape. Located on Chapel Street—widely recognised as one of Australia's most famous shopping strips—Pran Central continues to blend historic character with contemporary retail, dining and lifestyle experiences. The centre has been proudly owned and managed by Precision Group since 2006.

^{Bring Your Business to Pran Central}

If you're interested in joining the diverse tenancy mix at Pran Central Shopping Centre, complete the enquiry form below and our leasing team will be in touch to discuss available opportunities.

Leasing enquiries

Leasing Contacts

Ben Singler

Leasing Enquiries
0413 089 879
bsingler@precision.com.au

John Gilbert

Leasing Enquiries
0408 457 550
jgilbert@precision.com.au

Rita Di Mase

Pop-up Leasing Enquiries
(03) 9516 6000
rdimase@precision.com.au

Leasing