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51-53 Errol St 4,306 SF of Retail Space Available in North Melbourne, VIC 3051
Highlights
- Over 9-meter frontage providing strong street exposure.
- Rear access for convenient loading and operations.
- High-clearance ceiling creating an impressive interior environment.
- Located in the bustling Errol Street precinct with strong foot traffic and proximity to Melbourne CBD.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 4,306 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Ground
The property offers a single expansive open-plan retail or showroom space of approximately 400 sqm. The interior features a high-clearance ceiling that enhances the sense of space and allows for flexible merchandising or display configurations. A wide frontage of over 9 meters provides excellent visibility and branding opportunities along Errol Street. The space is fully air-conditioned for comfort and includes rear access to facilitate deliveries and back-of-house operations.
- Located in-line with other retail
- Central Air Conditioning
- High Ceilings
- Display Window
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,306 SF | Property Subtype | Bank |
| Property Type | Retail | Gross Leasable Area | 4,306 SF |
| Total Space Available | 4,306 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 4,306 SF |
About the Property
The property at 51-53 Errol Street in North Melbourne comprises approximately 400 sqm of open-plan retail or showroom space. It features a frontage of over 9 meters, a high-clearance ceiling, and full air conditioning. Rear access is available for deliveries and operational needs. The property is located within the Errol Street retail precinct, an area characterized by a mix of retail, hospitality, and commercial activity, and is easily accessible from Melbourne’s CBD.
- Air Conditioning
Nearby Major Retailers
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51-53 Errol St
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