5A/1 Bik LaneFitzroy North VIC 3068
Property Details for 5a/1 Bik Lane, Fitzroy North
Last Listing description (June 2024)
Exceptional Mixed-use Zone Property For Sale - Conversion with Limitless Potential
Enter a world where industrial allure meets modern sophistication in this remarkable 2-level residence nestled within a vibrant mixed-use zone. Once the bustling warehouse and dispatch hub for Cadet Shoes, this property effortlessly combines industrial heritage with contemporary flair, offering a versatile canvas for homeowners and visionary entrepreneurs.
Current Use of Premises Wellness & Mediation Centre
Expected Rental Return Approximately 5% p.a. (currently property is vacant)
Unparalleled Opportunity for Entrepreneurs
Entrepreneurs with a keen eye for potential will be drawn to the extensive commercial possibilities this property offers. With mixed-use zoning, it can seamlessly transform into a boutique wellness center, holistic retreat, art gallery, chic shop, or dynamic home office. The rich spiritual history provides a perfect backdrop for a wellness or meditation center, where individuals can find solace and rejuvenation.
Option to Renovate to suite both living and work - The canvas is blank, and opportunities abound. Whether you choose to preserve existing features or introduce modern amenities tailored to your vision, this property is a testament to your creativity and ambition.
In summary, this residential property with mixed-use zoning stands as a rare gem for restoration enthusiasts and creative minds alike. Its spiritual history seamlessly intertwines with the potential for residential comfort or innovative commercial ventures. Whether you're a discerning homebuyer yearning to craft your dream dwelling or an entrepreneur ready to infuse a touch of history into your business endeavor, this property beckons you to embrace its unique charm and mold it into something extraordinary.
Don't miss out on the opportunity to make your mark on this exceptional space.
Please see the below link for an up-to-date copy of the Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Property History for 5a/1 Bik Lane, Fitzroy North, VIC 3068
- 04 Nov 2023Sold for $1,230,000
- 08 Sep 2023Listed for Sale Contact Agent
Recent sales nearby
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About Fitzroy North 3068
The size of Fitzroy North is approximately 2.5 square kilometres. There are 16 parks, covering nearly 16.2% of the total area. The population of Fitzroy North in 2016 was 12339 people. By 2021 the population was 12781 showing a population growth of 3.6% in the area during that time. The predominant age group in Fitzroy North is 30-39 years. Households in Fitzroy North are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Fitzroy North work in a professional occupation.In 2021, 47.50% of the homes in Fitzroy North were owner-occupied compared with 45.90% in 2016.
Fitzroy North has 7,960 properties. Over the last 5 years, Houses in Fitzroy North have seen a -0.19% decrease in median value, while Units have seen a 9.42% increase. As at 31 May 2026:
- The median value for Houses in Fitzroy North is $1,753,834 while the median value for Units is $740,700.
- Houses have a median rent of $878 while Units have a median rent of $625.
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