488 Macaulay RoadKensington VIC 3031
Property Details for 488 Macaulay Rd, Kensington
Last Listing description (August 2024)
This commercial blank canvas awaits your reality limited only by your imagination. Superb real estate office, medical, psychology, allied professional, beautician, or office space opportunity with prominent exposure to road and foot traffic. Perhaps you would sooner a retail, restaurant, or hospitality business, the decision is yours to make. The property is situated on busy Macaulay Road, Kensington and just minutes walk to the train station. This commercial property is right amongst the many vibrant cafes, restaurants, and shops that Kensington and this Macaulay Road strip has to offer.
This formally Real Estate Office property features:
Vacant commercial freehold of 225sqm*
Excellent high exposure road signage potential
Designated reception area with individual meeting/boardroom enclosed spaces, along with open plan office area
Plenty of doorstep on street parking
Favourable Commercial Zone 1
High exposure in main road location
Real Estate Office potential
Perfect allied health potential - Physio, Osteo, Chiro
Specialist surgeon rooms
Counselling/psychology rooms potential
Legal/finance/accounting or general office
Day spa/beautician rooms
Café, restaurant, hospitality potential
7 mins to the city by train
Just 4km* Northwest of Melbourne CBD
1 onsite secure garage parking via remote garage.
This space is only limited by your imagination and inspection is a must!
*all measurements are approximate & (STCA)
Property History for 488 Macaulay Rd, Kensington, VIC 3031
- 03 Jul 2024Listed for Rent - Price not available
- 22 Dec 2020Sold for $1,400,000
- 09 Dec 1983Sold for $107,500
Recent sales nearby
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About Kensington 3031
The size of Kensington is approximately 2.1 square kilometres. There are 19 parks, covering nearly 13.6% of the total area. The population of Kensington in 2016 was 10812 people. By 2021 the population was 10745 showing a population decline of 0.6% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation.In 2021, 48.70% of the homes in Kensington were owner-occupied compared with 45.30% in 2016.
Kensington has 7,729 properties. Over the last 5 years, Houses in Kensington have seen a -12.53% decrease in median value, while Units have seen a -2.53% decrease. As at 30 April 2026:
- The median value for Houses in Kensington is $1,149,236 while the median value for Units is $587,259.
- Houses have a median rent of $715 while Units have a median rent of $590.
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