492-496 Victoria Street, North Melbourne, VIC 3051

Retail | Offices

Leased

  • Property ID: 303561
  • Floor Area: 350m²
  • Land Area: 315m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Leased 07/12/2018 350m2 315m2 Contact Agent
Triple Fronted North Melbourne Opportunity - Invest, Occupy or Develop!

CVA Property Consultants are pleased to offer 492-496 Victoria Street, North Melbourne for sale or lease.

Three iconic shopfronts will be offered for sale as one freehold title with a total land area of 315m2* or the flexibility to lease individually.

Featuring dual street frontages to Victoria Street and Webbs Lane totalling 25 metres*, the property further offers;

- Two level home/office/retail building of 350m2*
- Total land area: 315m2*
- Six (6) points of access via Victoria Street and rear laneway
- 12.5m* frontage to Victoria Street
- 3 shop fronts
- 12 rooms collectively (with flexible floor plan)
- 3 kitchens and multiple amenities
- 3 secure car spaces
- Commercial 1 Zone
- Zoned within University High School

Primed for a rewarding mixed-use investment, owner occupation or development opportunity, 492-496 Victoria Street is perfectly positioned metres from Errol Street retail precinct and has direct access to the CBD via multiple transport services including 57 tram at your doorstep or North Melbourne Train Station just 650m* away.

Alternatively a leisurely city walk will take you past many symbolic Melbourne sites including Queen Victoria Market (currently undergoing a $250 million re-development), Melbourne University Precinct or Flagstaff Gardens.

For further information or to arrange an inspection please contact CVA Property Consultants.

*approx

Additional Information
Features
  • Availability: Upon settlement
  • Zoning: Commercial 1 Zone
  • Lease Term: Long lease available
  • Rent Review: Annual
  • Car Spaces: 3 on-site
  • Condition: Excellent
  • Air Conditioning: No
  • Roller Doors: N/A
  • Floors: Timber/carpet
  • Lifts: N/A
  • Height: 3 metres
  • Age: Refurbished
  • Car Parking Fees: 0
North Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $9960 $137 1.38%
Offices $5912 $338 5.72%
Retail $6289 $137 2.19%
This is the average advertised price, rent and yield for North Melbourne, VIC 3051*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 492-496 Victoria Street, North Melbourne, VIC 3051. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 492-496 Victoria Street, North Melbourne, VIC 3051. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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