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27-29 Arden St 3,078 SF Retail Condo Unit Offered at $2,506,159 CAD in North Melbourne, VIC 3051
Investment Highlights
- Rear lane access with two car spaces.
- Strategic location in Melbourne’s medical and education hub.
- Significant development potential for townhouses, offices, or mixed-use (STCA).
- Includes a one-bedroom apartment generating $2,000/month rental income.
- Walking distance to hospitals, Melbourne University, Queen Victoria Market, and CBD.
- Holding income available while planning approvals are obtained.
Executive Summary
The property on Arden Street, North Melbourne, is a warehouse with development potential, located in a high-demand inner-city precinct. The site is ideally positioned for redevelopment into residential or mixed-use projects, supported by proximity to major hospitals, universities, and the CBD.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 1\TP823937 |
| No. Parking Spaces | 2 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 1\TP823937 |
Description
The property comprises a high-ceiling warehouse with reliable heating and cooling systems, male and female amenities, and a shower area. A rear lane provides access to two car spaces, enhancing convenience for occupants or future development. Currently, the property includes a one-bedroom apartment generating $2,000 per month in rental income, providing holding income while planning approvals are pursued.
Sale Notes
An exceptional opportunity to secure a prime inner-city property in North Melbourne’s highly sought-after medical and education precinct. This versatile warehouse, positioned on Arden Street, offers outstanding potential for redevelopment or adaptive reuse, supported by its strategic location and strong demand for residential and commercial projects in the area.
Surrounded by major institutions, the site is within walking distance of Royal Melbourne Hospital, Royal Women’s Hospital, Royal Children’s Hospital, Melbourne University, and the Queen Victoria Market. The location also benefits from proximity to banks, supermarkets, cafés, schools, and the CBD via the free tram zone.
With strong buyer demand for inner-city townhouses and mixed-use developments, this property represents a rare chance to create a landmark project with city skyline views or to establish a showroom, retail, or office presence in a thriving precinct.
Surrounded by major institutions, the site is within walking distance of Royal Melbourne Hospital, Royal Women’s Hospital, Royal Children’s Hospital, Melbourne University, and the Queen Victoria Market. The location also benefits from proximity to banks, supermarkets, cafés, schools, and the CBD via the free tram zone.
With strong buyer demand for inner-city townhouses and mixed-use developments, this property represents a rare chance to create a landmark project with city skyline views or to establish a showroom, retail, or office presence in a thriving precinct.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 29 | 3,078 SF | Retail | $2,506,159 CAD ($814.22 CAD/SF) | - |
Unit 29
| Unit Size |
| 3,078 SF |
| Condo Use |
| Retail |
| Price |
| $2,506,159 CAD ($814.22 CAD/SF) |
| NOI |
| - |
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Unit 29
| Unit Size | 3,078 SF |
| Condo Use | Retail |
| Price | $2,506,159 CAD ($814.22 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 1\TP823937 |
| Description | |
| The property comprises a high-ceiling warehouse with reliable heating and cooling systems, male and female amenities, and a shower area. A rear lane provides access to two car spaces, enhancing convenience for occupants or future development. Currently, the property includes a one-bedroom apartment generating $2,000 per month in rental income, providing holding income while planning approvals are pursued.</li></ul> | |
| Sale Notes | |
| An exceptional opportunity to secure a prime inner-city property in North Melbourne’s highly sought-after medical and education precinct. This versatile warehouse, positioned on Arden Street, offers outstanding potential for redevelopment or adaptive reuse, supported by its strategic location and strong demand for residential and commercial projects in the area.<br> <br> Surrounded by major institutions, the site is within walking distance of Royal Melbourne Hospital, Royal Women’s Hospital, Royal Children’s Hospital, Melbourne University, and the Queen Victoria Market. The location also benefits from proximity to banks, supermarkets, cafés, schools, and the CBD via the free tram zone.<br> <br> With strong buyer demand for inner-city townhouses and mixed-use developments, this property represents a rare chance to create a landmark project with city skyline views or to establish a showroom, retail, or office presence in a thriving precinct.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 8,267 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 4,133 SF |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.12 AC |
| Building Class | C | Parking Ratio | 0.24/1,000 SF |
| Total Building Size | 8,267 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 4,133 SF |
| Lot Size | 0.12 AC |
| Parking Ratio | 0.24/1,000 SF |
Amenities
- Signage
- Air Conditioning
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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27-29 Arden St
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