87 Rose StreetEssendon VIC 3040
Property Details for 87 Rose St, Essendon
Last Listing description (January 2026)
McDonald Upton are delighted to offer for sale 87 Rose Street, Essendon.
An outstanding retail investment opportunity securely leased to a thriving local business.
Blue chip investment opportunity positioned in one of Melbournes most tightly held and highly regarded retail strips, in the heart of Essendon.
Secure 3 year lease term with 4 year option.
Current net income of $22,200 plus outgoings (including building insurance) exp 1/2/2028.
Prime single fronted retail building of 41m2, underpinned by strong underlying land area of 187m.
Commercial 1 Zoning
Ideally positioned directly opposite a major public transport hub in Essendon Train Station, bus terminal and tram depot one of the busiest locations in the area.
An excellent investment opportunity with promising future development potential
Property History for 87 Rose St, Essendon, VIC 3040
- 27 Nov 2025Sold for $630,000
- 26 Nov 2025Sold for $620,000
- 31 Oct 2025Listed for Sale $630,000
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About Essendon 3040
The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of 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 13,002 properties. Over the last 5 years, Houses in Essendon have seen a 17.09% increase in median value, while Units have seen a 2.31% increase. As at 28 February 2026:
- The median value for Houses in Essendon is $1,966,440 while the median value for Units is $596,759.
- Houses have a median rent of $650 while Units have a median rent of $515.
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