288 Queens Pde 1,432 SF Retail Building Fitzroy North, VIC 3068 $1,120,401 CAD ($782.62 CAD/SF)

288 Queens Parade presents a rare opportunity to acquire a fully titled commercial property in one of Melbourne’s most vibrant mixed-use precincts. Positioned along the bustling Queens Parade retail and café strip, this property benefits from exceptional visibility and consistent pedestrian traffic throughout the day. The site spans approximately 247 sqm of land with a building footprint of 133 sqm, offering a flexible layout that includes five rooms, two storage areas, and kitchen and bathroom facilities.
Currently secured by a lease through June 2026 with two additional three-year options, the property provides immediate income stability and long-term upside potential. Zoned Commercial 1 (C1Z), it supports a wide range of uses, making it attractive for investors seeking a tenanted asset in a high-demand location. The surrounding area is well-served by public transport, including tram and bus routes, and is within walking distance of Clifton Hill Railway Station. This connectivity, combined with the area’s strong demographic profile and established retail character, underscores the enduring appeal of this asset.