506 Queensberry Street, North Melbourne, VIC 3051

Retail | Offices | Other

For Sale Contact Frank Romeo

  • Property ID: 437219
  • Floor Area: 165m²
  • Land Area: 195m²
  • Occupancy: Vacant
STUNNING SHOP AND 3 BEDROOM DWELLING

Vision Real Estate is delighted to offer this magnificent two-level Victorian three bedroom shop and dwelling, ideally positioned close to the intersection of Errol St and Queensberry St in the ever so popular city fringe suburb of North Melbourne.

*Substantial 3 bedroom shop and dwelling
*Returning $57,000 p/a + outgoings + GST
*Suit owner occupier or investor

Key Features:

*Total land area - 195 sqm*
*Total building area over 2 levels - 165 sqm*
*Offering 5 rooms plus a shop front, kitchen and full bathroom.
*Leased to Madison's World until 10/4/2026 returning $57,000 p/a + outgoings +GST
*Favourable Mixed Use Zone with potential for future value add (S.T.C.A).
*Surrounded by beautiful historic buildings in a stunning tree line street.
*Close to Victoria Street tram network, North Melbourne Train Station, Queen Victoria Market, Royal Melbourne Hospital, University of Melbourne and the Melbourne CBD.
*Easy access to the popular Errol St shops and eateries.
*Valuable onsite parking from Jones Lane.
*Priced to sell at $1.85M

506 Queesnberry Street presents an exciting opportunity for the investor or owner occupier looking to take advantage of the huge potential in capital growth that this remarkable property has to offer all in this highly prized position.

For further information please contact Frank Romeo on 0405 703 470 or frank@visionrealestate.com.au

*approx.

North Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6289 $137 2.19%
Industrial $9960 $137 1.38%
Offices $5912 $338 5.72%
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 Sale

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.
Floorplans

Property Detail Notes:

  • 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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