OFF MARKET

551 Barkly Street
West Footscray VIC 3012

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 390m2
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Property Details for 551 Barkly St, West Footscray

Building Type
Commercial
Floor Size
400m2
Land Size
390m2
Local Government
Maribyrnong
Lot/Plan
2/PS635032

Last Listing description (March 2025)

**INSPECTION BY APPOINTMENT**

Land Size 390sqm* (approx.)

Secure Commercial lease in place

Large commercial 1 Zone space with north-facing shopfront within the bustling Barkly Village dining/shopping precinct

High-rise development potential (STCA)

Currently configured for use as a restaurant

Commercial kitchen & cool room

Outdoor space at rear allowing off-street parking

Rear lane access

Close to West Footscray Station

Offering an outstanding opportunity to secure a large commercial space in a prime location, this property is set to delight business owners and investors alike.

Currently configured for use as a restaurant, the space boasts a large dining room, a spacious kitchen with cool room, customer bathrooms and a generous outdoor space with storage sheds and off-street staff parking.

Rear access and residential/commercial zoning open a world of possibilities for future development, making this an irresistible prospect for those with a big vision.

Why youll love this location:

This is a dream location to set up shop or to execute an exciting new development, ideally positioned in a sunny north-facing position within the vibrant Barkly Village precinct.

The site is surrounded by busy restaurants, cafes and shops in a hip residential zone just 8.5km* from the CBD, with constant foot and drive-by traffic promising high visibility.

The 220 bus stops just metres from the shopfront and West Footscray Station is a short walk away, ensuring enviably easy customer access.

*Approximate

Property History for 551 Barkly St, West Footscray, VIC 3012

A timeline of how this property has performed in the market
Last Sold
$700,000
07 Apr 2010
Listed for Rent
$5.73k/w
11 Dec 2017
  • 06 Nov 2024
    Listed for Sale $1,730,000 - $1,900,000
  • 24 Apr 2024
    Listed for Sale $1,730,000 - $1,900,000
  • 17 Feb 2017
    Listed for Sale Not Disclosed
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About West Footscray 3012

The size of West Footscray is approximately 3.8 square kilometres. It has 10 parks covering nearly 8.5% of total area. The population of West Footscray in 2011 was 10,223 people. By 2016 the population was 11,456 showing a population growth of 12.1% in the area during that time. The predominant age group in West Footscray is 30-39 years. Households in West Footscray are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Footscray work in a professional occupation. In 2011, 57.9% of the homes in West Footscray were owner-occupied compared with 53.6% in 2016.

West Footscray has 6,703 properties. Over the last 5 years, Houses in West Footscray have seen a -0.87% decrease in median value, while Units have seen a 11.91% increase. As at 28 February 2025:

  • The median value for Houses in West Footscray is $934,918 while the median value for Units is $524,494.
  • Houses have a median rent of $600 while Units have a median rent of $450.
There are currently 30 properties listed for sale, and 15 properties listed for rent in West footscray on OnTheHouse. According to CoreLogic's data, 264 properties were sold in the past 12 months in West footscray.

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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 liability for any loss or damage arising in connection with the data and information contained in this publication.