261 Macaulay Road, North Melbourne, VIC 3051 | Commercial for sale | OnTheHouse
 
FOR SALE
$2,070,000 - $2,150,000

261 Macaulay Road
North Melbourne VIC 3051

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 28m2
Land area: 307m2
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Warehouse for Sale Arden Precinct | North Melbourne Opportunity

REMAX DIAMOND brings you an opportunity to acquire a piece of land in the ultra-booming "Arden Precinct" of North Melbourne located at 261-263 Macaulay Road, North Melbourne VIC.
This is indeed a future growth secured area that can venture into a high-rise building as well. While being strategically located near the new Arden Train Station — a key part of Melbourne's multi-billion-dollar Metro Tunnel Project. This property has an exceptional opportunity to secure a high-performing, income-generating asset positioned in the heart of North Melbourne's rapidly transforming Arden Precinct.
Currently operating as a short-stay accommodation, this property offers immediate cash flow in the form of a lease-back option by the current owner for the period of settlement. This is more than just a property — it's a future-proof investment in one of Melbourne's most significant growth corridors. The current owner is willing to lease back the investment as well.
📍 LOCATION | INFRASTRUCTURE | GROWTH
✔ The new Arden Station (major infrastructure upgrade)
✔ Direct connectivity to Melbourne CBD (minutes away)
✔ Massive government-backed urban renewal
✔ Future employment & innovation hub
✔ Strong population and commercial growth
💡 Buy into the precinct before the full transformation is realised.
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Property Details for 261 Macaulay Rd, North Melbourne

Building Type
Commercial
Floor Size
28m2
Land Size
307m2
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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. There are 12 parks, covering nearly 4.7% of the total area. The population of North Melbourne in 2016 was 14940 people. By 2021 the population was 14953 showing a population growth of 0.1% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation.In 2021, 33.00% of the homes in North Melbourne were owner-occupied compared with 28.50% in 2016.

North Melbourne has 12,823 properties. Over the last 5 years, Houses in North Melbourne have seen a -14.47% decrease in median value, while Units have seen a -2.46% decrease. As at 31 July 2026:

  • The median value for Houses in North Melbourne is $1,238,107 while the median value for Units is $502,125.
  • Houses have a median rent of $760 while Units have a median rent of $610.
There are currently 41 properties listed for sale, and 37 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 563 properties were sold in the past 12 months in North melbourne.

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