FOR SALE
$9.5million~10million

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North Melbourne VIC 3051

Bedrooms: -
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Land area: 958m2
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Mix Use Zone

Price range $9.5million~$10million. Mix Use Zone. Land size 971sqm approx
Rare large allotment with endless potentional in a prime location
Situated in the vibrant core of one of Melbourne's most coveted neighborhoods, this extraordinary property presents an unparalleled opportunity that demands attention. Its prime location, mere moments from Flemington Rd., the Royal Children's Hospital, Errol St. Café, and the picturesque Royal Park, positions it as a gem within the bustling urban landscape.
This property goes beyond the conventional, inviting you to explore the possibilities of seamlessly blending your dream home with a flourishing business-a true embodiment of the ultimate live-work scenario! Picture crafting a warm and inviting family sanctuary adorned with a charming shopfront or envision a thriving business space with the added luxury of a comfortable residence above; this property is a canvas for you to bring your vision to life.
The strategic placement of this property ensures not only a unique living experience but also opens avenues for entrepreneurial ventures. Its proximity to key landmarks and attractions adds to its allure, making it an ideal setting for those seeking a harmonious blend of lifestyle and business endeavors.
In summary, this exceptional property in the heart of Melbourne's sought-after neighborhood offers an exclusive chance to realize your dreams-be it creating a welcoming home, establishing a thriving business, or seamlessly combining the two. Don't miss out on the opportunity to turn your vision into reality with this distinctive and versatile property.
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Property Details for Contact Agent For Address, North Melbourne

Building Type
Land
Land Size
958m2

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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of total area. The population of North Melbourne in 2011 was 11,755 people. By 2016 the population was 14,948 showing a population growth of 27.2% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation. In 2011, 31.4% of the homes in North Melbourne were owner-occupied compared with 28.5% in 2016.

North Melbourne has 11,908 properties. Over the last 5 years, Houses in North Melbourne have seen a 9.83% increase in median value, while Units have seen a 13.41% increase. As at 31 October 2024:

  • The median value for Houses in North Melbourne is $1,357,465 while the median value for Units is $527,495.
  • Houses have a median rent of $700 while Units have a median rent of $540.
There are currently 60 properties listed for sale, and 49 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 408 properties were sold in the past 12 months in North melbourne.

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