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478-482 Victoria St 4,305 SF Retail Condo Unit in North Melbourne, VIC 3051
Investment Highlights
- Premises on 519 m² site with 19 m high-exposure frontage.
- Rear access for operational efficiency.
- Fully fitted commercial kitchen and premium restaurant interiors.
- Prime CBD fringe position near major attractions and high-traffic corridors.
Executive Summary
478-482 Victoria Street, North Melbourne VIC 3051 is a commercial property comprising approximately 800 m² of GLA on a 519 m² landholding, zoned Commercial 1. It includes rear delivery access, modern interiors, and frontage to a major tram route along Victoria Street. Located near Queen Victoria Market and Melbourne CBD, the site offers high exposure and connectivity suitable for hospitality or adaptive reuse scenarios.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | CM1\PS449660 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | CM1\PS449660 |
Description
Ground-floor hospitality venue comprising approx. 400 m² with fully operational kitchen and high-quality fit-out. Features include a liquor license, capacity for 130 patrons, modern air-conditioned interiors, rear access, and excellent signage exposure across a 19 m street frontage. Positioned in Melbourne’s vibrant CBD fringe close to Queen Victoria Market, transport links, and surrounding residential-commercial catchments.
Sale Notes
478-482 Victoria Street offers prospective buyers a rare opportunity to acquire a prime freehold hospitality asset in a tightly-held CBD fringe location. This substantial 519 m² landholding with a 400 m² building is strategically positioned just minutes from Queen Victoria Market, Spencer Street, and key Melbourne transport corridors including CityLink.
The property is currently configured as a fully operational restaurant with a complete commercial kitchen, extensive inventory (remaining with the owner), and late-night liquor license seating approximately 130 patrons. Built for operational efficiency, the property features a modern internal fit-out, rear access for deliveries, and expansive street frontage of around 19 metres.
With Commercial 1 zoning and exceptional connectivity via major tram routes, this property is suited for hospitality operators, developers, or investors seeking a prominent and adaptable holding in a growth corridor adjacent to the CBD.
The property is currently configured as a fully operational restaurant with a complete commercial kitchen, extensive inventory (remaining with the owner), and late-night liquor license seating approximately 130 patrons. Built for operational efficiency, the property features a modern internal fit-out, rear access for deliveries, and expansive street frontage of around 19 metres.
With Commercial 1 zoning and exceptional connectivity via major tram routes, this property is suited for hospitality operators, developers, or investors seeking a prominent and adaptable holding in a growth corridor adjacent to the CBD.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 4,305 SF | Retail | Upon Request | - |
-
| Unit Size |
| 4,305 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
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-
| Unit Size | 4,305 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | CM1\PS449660 |
| Description | |
| Ground-floor hospitality venue comprising approx. 400 m² with fully operational kitchen and high-quality fit-out. Features include a liquor license, capacity for 130 patrons, modern air-conditioned interiors, rear access, and excellent signage exposure across a 19 m street frontage. Positioned in Melbourne’s vibrant CBD fringe close to Queen Victoria Market, transport links, and surrounding residential-commercial catchments.</li></ul> | |
| Sale Notes | |
| 478-482 Victoria Street offers prospective buyers a rare opportunity to acquire a prime freehold hospitality asset in a tightly-held CBD fringe location. This substantial 519 m² landholding with a 400 m² building is strategically positioned just minutes from Queen Victoria Market, Spencer Street, and key Melbourne transport corridors including CityLink.<br> The property is currently configured as a fully operational restaurant with a complete commercial kitchen, extensive inventory (remaining with the owner), and late-night liquor license seating approximately 130 patrons. Built for operational efficiency, the property features a modern internal fit-out, rear access for deliveries, and expansive street frontage of around 19 metres.<br> With Commercial 1 zoning and exceptional connectivity via major tram routes, this property is suited for hospitality operators, developers, or investors seeking a prominent and adaptable holding in a growth corridor adjacent to the CBD.</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 | 8,611 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 4,306 SF |
| Building Class | B | Lot Size | 0.13 AC |
| Total Building Size | 8,611 SF |
| Property Type | Retail (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 4,306 SF |
| Lot Size | 0.13 AC |
Amenities
- Restaurant
- 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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478-482 Victoria St
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