45-47 Fletcher StreetEssendon VIC 3040
Property Details for 45-47 Fletcher St, Essendon
Last Listing description (April 2026)
Prime Essendon Freehold with Dual Frontage & Future Development Upside
Situated in the heart of Essendons thriving commercial precinct, just 200 metres from city tram services and only 350 metres from Essendon Station, this exceptional freehold presents a rare opportunity to secure a versatile asset with immediate occupancy appeal and significant long-term potential.
Prominently positioned along a high-exposure thoroughfare, the property occupies a substantial landholding of approximately 458sqm and benefits from the rare advantage of double street frontage together with dual rear ROW access. This highly flexible configuration provides outstanding accessibility, on-site parking, and exceptional scope for future development or value-add opportunities (STCA).
The existing improvements comprise a well-presented commercial building of approximately 170sqm, featuring a functional and adaptable layout suited to a range of uses including office, consulting, or retail. Offered with vacant possession, the property provides an outstanding opportunity for owner-occupiers, investors, or developers to capitalise on a tightly held and highly connected location.
Key Investment Highlights
Land Area: 458sqm*
Building Area: 170sqm*
Rare double street frontage with dual ROW access
High-profile location within Essendons established commercial strip
Flexible floorplan suitable for office, consulting or retail use
Modern reception area with quality kitchen and staff amenities
Split-system heating and cooling
Rear access with on-site parking for three vehicles
Offered with vacant possession
Commercial 1 Zone (C1Z)
Significant future development potential (STCA)
*Approximate
For further information or to arrange a private inspection, please contact:
Lisa Adamson 0488 188 893
Milo Rasinac 0418 379 374
Property History for 45-47 Fletcher St, Essendon, VIC 3040
- 16 Apr 2026Sold for $1,590,000
- 15 Oct 2025Listed for Sale Auction $1,380,000 - $1,510,000
- 11 Mar 2025Listed for Rent - Price not available
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About Essendon 3040
The size of Essendon is approximately 6.2 square kilometres. There are 20 parks, covering nearly 8.4% of the total area. The population of Essendon in 2016 was 20596 people. By 2021 the population was 21240 showing a population growth of 3.1% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Essendon work in a professional occupation.In 2021, 62.10% of the homes in Essendon were owner-occupied compared with 60.20% in 2016.
Essendon has 13,039 properties. Over the last 5 years, Houses in Essendon have seen a -3.07% decrease in median value, while Units have seen a -3.58% decrease. As at 30 September 2026:
- The median value for Houses in Essendon is $1,830,477 while the median value for Units is $571,625.
- Houses have a median rent of $795 while Units have a median rent of $520.
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