FOR SALE
EOI: Fri 13 Dec 4pm | $1,650,000 - $1,750,000

265 Drummond Street
Carlton VIC 3053

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 210m2
Land area: 152m2
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Prime Mixed-Use Opportunity in the Heart of Carlton

Discover this rare opportunity at 265 Drummond Street, Carlton, perfectly positioned in one of Melbourne's most vibrant neighbourhoods. This dual-purpose property combines a ground-floor commercial shopfront with an inviting apartment above, offering unparalleled versatility for investors, owner-occupiers, or entrepreneurs.
Ground Floor - Retail Space
Set on a bustling street, the shopfront provides excellent visibility and foot traffic, ideal for a café, boutique, or office. With large windows, high ceilings, and ample interior space, it's ready for a variety of uses or customised to meet your business needs.
First Floor - Residential Apartment
The upstairs apartment is a serene retreat featuring well-sized rooms, high ceilings, and abundant natural light. Complete with a cozy living area, renovated kitchen, bathroom, and 2 bedrooms, it offers comfort and convenience for city living. This versatile space could serve as a private residence or rental accommodation.
Location Highlights
Nestled in the heart of Carlton, 265 Drummond Street places you within easy reach of Melbourne's renowned Lygon Street dining precinct, parks, and public transport options. Both tenants and business patrons will appreciate the convenience and character of this inner-city locale.
Key Features:
- Mixed-use layout with shop and apartment
- High-exposure retail frontage
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Property Details for 265 Drummond St, Carlton

Building Type
Commercial
Floor Size
210m2
Land Size
152m2

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About Carlton 3053

The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2011 was 13,509 people. By 2016 the population was 18,506 showing a population growth of 37.0% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation. In 2011, 21.6% of the homes in Carlton were owner-occupied compared with 18.6% in 2016.

Carlton has 15,592 properties. Over the last 5 years, Houses in Carlton have seen a 13.97% increase in median value, while Units have seen a -6.43% decrease. As at 31 October 2024:

  • The median value for Houses in Carlton is $1,563,572 while the median value for Units is $365,938.
  • Houses have a median rent of $650 while Units have a median rent of $520.
There are currently 68 properties listed for sale, and 78 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 507 properties were sold in the past 12 months in Carlton.

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