4 Princess Street sits in a perfect position for a business, only 50m down from Latrobe Terrace and less than 2km from the CBD.
The property is zoned Character Infill Housing, however, in 2004 the property was converted to an office (approval documents available) allowing for businesses to provide for community uses, small scale services, facilities and infrastructure to support local residents. It has previously been a solicitors office and real estate office over the past few years.
Elevated up high, the property captures lots of natural light and provides a solid foundation for a business to start immediately. Upstairs you have five rooms with a central open space, kitchenette, full bathroom and front and rear decks. Downstairs is a large conference room, a sixth room and second toilet.
Extra features: ducted air conditioning, wired for offices, extensive car parking for 6 plus a storage shed.
The hub of Paddington is energetic with a multitude of businesses always attracting a large crowd of people. This is a great opportunity to secure a prime Paddington property for you to start your business with the vacant possession.
Contact Michael Kleimeyer on 0401 691 631 for further information or to arrange a private inspection.
The size of Paddington is approximately 2.5 square kilometres. It has 10 parks covering nearly 1.4% of total area. The population of Paddington in 2016 was 8562 people. By 2021 the population was 9063 showing a population growth of 5.8% in the area during that time. The predominant age group in Paddington is 20-29 years. Households in Paddington are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation.In 2021, 55.60% of the homes in Paddington were owner-occupied compared with 52.40% in 2016.
Paddington has 4,622 properties. Over the last 5 years, Houses in Paddington have seen a 79.81% increase in median value, while Units have seen a 85.94% increase. As at 30 November 2025:
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