Renovators, investors, and occupiers must all inspect this rare opportunity to occupy and invest or work in this outstanding location. Already providing separate rear access to an upstairs apartment with excellent car access, with two bathrooms and two kitchens in place, this offers an almost unique chance for a dual occupancy commercial and residential application in a blue-chip location. Shops, cafes, transport and recreational facilities are all a short walk from the front door. Large rooms offer many options for either commercial or residential use in a Commercial 1 zone.
Inspect Saturday half an hour before auction or this Tuesday and Thursday 4 - 4.30 pm.
Presented by Cayzer Real Estate Albert Park & Port Melbourne.
The size of Albert Park is approximately 2.8 square kilometres. It has 10 parks covering nearly 55.1% of total area. The population of Albert Park in 2016 was 6215 people. By 2021 the population was 6044 showing a population decline of 2.8% in the area during that time. The predominant age group in Albert Park is 50-59 years. Households in Albert Park are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Albert Park work in a professional occupation.In 2021, 60.80% of the homes in Albert Park were owner-occupied compared with 58.90% in 2016.
Albert Park has 3,646 properties. Over the last 5 years, Houses in Albert Park have seen a 10.25% increase in median value, while Units have seen a -7.58% decrease. As at 31 March 2026:
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