The Cappuccino Strip is that part of South Terrace from Market Street to either Essex Street or Parry/Norfolk Street (or even beyond, according the FCC, which calls the car park southeast of Parry Street by that name).
I believe - because he told me so - that the term was coined by real estate agent Jeff Brockway - who had an office there (before moving to Wray Avenue) before he died. I mentioned this to senior real estate agent John Dethridge, and, though he couldn't confirm the coinage, he did remember that Brockway Real Estate advertised its South Terrace office as being 'on the Cappuccino Strip'.
That's Gino's in the photo, with the Literary Institite building to the left.
This page incorporates material from Garry Gillard's Freotopia website, that he started in 2014 and the contents of which he donated to Wikimedia Australia in 2024. The content was originally created on 10 July, 2018 and hosted at freotopia.org/places/cappuccinostrip.html (it was last updated on 2 May, 2024), and has been edited since it was imported here (see page history). The donated data is also preserved in the Internet Archive's collection.