338 Queens Parade

Fitzroy North VIC 3068

Perfectly positioned on one of Melbourne's most vibrant lifestyle strips, 338 Queens Parade presents a rare opportunity to secure a versatile freehold asset with outstanding scope for both commercial and residential use. This dual-level property combines prominent ground floor retail with an inviting first-floor residence, making it an attractive proposition for investors, owner-occupiers, or those seeking a live-work arrangement in a high-exposure location.

Set on approximately 210sqm of land, the property offers a generous internal footprint of around 192sqm across two levels, with the ground floor retail component of 104sqm (approx.) delivering a wide glass frontage to Queens Parade. The space is character-filled, featuring high ceilings, exposed brickwork, polished concrete flooring and excellent natural light, creating an ideal setting for retail, hospitality, or office use. The layout includes two distinct open retail/showroom areas, a storeroom, and a serviceable kitchen space at the rear.

Above, the first-floor residence offers 88sqm (approx.) of charming accommodation, accessible via a private entrance. Featuring period detailing, soaring ceilings, and an elegant hallway with arched entry, the home comprises two bedrooms, a spacious living room, kitchen and bathroom. Well-maintained yet with scope to update and add value, it provides flexibility as either a comfortable residence, additional office space, or rental income stream.