FOR SALE
$565,000

261 Racecourse Road
Kensington VIC 3031

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 130m2
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VACANT COMMERICAL OPPORTUNITY

PAGAN REAL ESTATE presents this exceptional commercial opportunity. An extremely rare opportunity to secure a prime, street facing space of some 130m2 (approx.), in one of Melbourne's most sought-after locations.
Extremely well-positioned on Racecourse Road in a high traffic area, this space comes with a well secured basement car space and a large storage cage.
Currently vacant, this is a street-level, commercial space that offers a unique blend of exposure and convenience.
Located in the heart of Kensington's busy high street district, the strip offers numerous restaurants, cafes, bars, supermarkets, and more.
The location delivers outstanding footfall for any business, with the added convenience of being on the 57 tram route, and a short walk to both Newmarket and Flemington Bridge Stations, as well as easy access to Citylink.
This Address is perfect for anyone looking to secure a prime location in Melbourne, as either a business owner or an investor. Don't miss this chance to secure this prime property.
Private Sale

Property Details for 261 Racecourse Rd, Kensington

Building Type
Commercial
Floor Size
130m2

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About Kensington 3031

The size of Kensington is approximately 2.1 square kilometres. It has 19 parks covering nearly 13.6% of total area. The population of Kensington in 2011 was 9,718 people. By 2016 the population was 10,833 showing a population growth of 11.5% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation. In 2011, 47.6% of the homes in Kensington were owner-occupied compared with 45.3% in 2016.

Kensington has 6,592 properties. Over the last 5 years, Houses in Kensington have seen a 9.38% increase in median value, while Units have seen a 1.00% increase. As at 30 September 2024:

  • The median value for Houses in Kensington is $1,163,415 while the median value for Units is $548,655.
  • Houses have a median rent of $670 while Units have a median rent of $540.
There are currently 24 properties listed for sale, and 9 properties listed for rent in Kensington on OnTheHouse. According to CoreLogic's data, 253 properties were sold in the past 12 months in Kensington.

Suburb Insights for Kensington 3031

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Ryan Pagan
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Thomas Maher
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Pagan Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.