5 Parker StreetFootscray VIC 3011
Property Details for 5 Parker St, Footscray
Last Listing description (August 2023)
Gorman Allard Shelton are pleased to offer for sale this charming, character filled building which presents a substantial opportunity for a multitude of uses located in one of Melbourne's most dynamic city-fringe locations.
Key details of this property include;
* Total Building Area: 1507 sqm (approx.)
* Total Site Area: 860 sqm (approx.)
* Frontage of 77m to Parker Street (approx.)
* High quality office
* Forms part of the historic & highly sought after Cotton Mills complex
* Current Income: $361,167.95 p.a plus GST
* Lease Expiry: September 2022
* Offered with vacant possession presenting a fantastic opportunity for an owner-occupier or an astute investor
* Potential to further subdivide (STCA)
* Special Use Zoning
* Positioned in the urban hotspot of Footscray on the banks of the Maribyrnong River near Yarraville Gardens, Footscray market and Victoria University: Footscray Nicholson Campus
* A short walking distance to Footscray and Seddon railway stations
* Located within close proximity to major arterial roadways, including Footscray road and Dynon road, as well the CityLink road network.
* Only 5km from Melbourne CBD
Property History for 5 Parker St, Footscray, VIC 3011
- 13 Jul 2022Listed for Sale Contact Agent
- 15 Nov 2019Listed for Rent $25,020 / year
- 08 Nov 2017Listed for Sale EXPRESSIONS OF INTEREST
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0About Footscray 3011
The size of Footscray is approximately 5.0 square kilometres. It has 25 parks covering nearly 15.1% of total area. The population of Footscray in 2016 was 16345 people. By 2021 the population was 17131 showing a population growth of 4.8% in the area during that time. The predominant age group in Footscray is 30-39 years. Households in Footscray are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Footscray work in a professional occupation.In 2021, 41.30% of the homes in Footscray were owner-occupied compared with 36.60% in 2016.
Footscray has 14,900 properties. Over the last 5 years, Houses in Footscray have seen a -0.07% decrease in median value, while Units have seen a -0.53% decrease. As at 30 April 2026:
- The median value for Houses in Footscray is $967,884 while the median value for Units is $484,266.
- Houses have a median rent of $620 while Units have a median rent of $530.
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