123-129 Howard StreetNorth Melbourne VIC 3051
Property Details for 123-129 Howard St, North Melbourne
Last Listing description (October 2023)
The prominent freestanding building is close to The Queen Victoria Market, major hospitals and universities and can be summarised by the following key attributes:
+ A versatile freehold building with a rare liquor license, representing an outstanding opportunity for owner occupation, investment or value-add enhancement
+ Flexible Mixed-Use Zone accommodates for a range of building uses including Residential, Retail & Hospitality, Office & Medical or a combination given the multiple access points and wide street frontage + rear access
+ Occupied by Ample Caf & Bar via a month-to-month lease with vacant possession available
+ Highly functional internal building with a premium existing fitout, high ceilings, excellent natural light, private co-working facilities and kitchen + bathrooms
+ Unrivalled & proven retail location, close to major medical hubs anchored by The Royal Melbourne Hospital, near Melbourne University and only 350m* from The Queen Victoria Market, with the building set to benefit from the QVM's significant redevelopment into a $1b+ mixed-use project
+ Excellent connectivity to major connecting thoroughfares including Peel Street and Victoria Street, as well as substantial public transport options via nearby train, tram and bus networks within short walking distance
For further information please contact the exclusive sales and marketing agents at CBRE:
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Jack Pignata
+61 452 400 553
jack.pignata@cbre.com
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Denotes approx.
Property History for 123-129 Howard St, North Melbourne, VIC 3051
- 11 Oct 2023Sold for $2,575,000
- 25 Aug 2023Listed for Sale Contact Agent
- 14 Jan 2010Listed for Rent $52,000 / year
Recent sales nearby
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About North Melbourne 3051
The size of North Melbourne is approximately 2.4 square kilometres. There are 12 parks, covering nearly 4.7% of the total area. The population of North Melbourne in 2016 was 14940 people. By 2021 the population was 14953 showing a population growth of 0.1% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation.In 2021, 33.00% of the homes in North Melbourne were owner-occupied compared with 28.50% in 2016.
North Melbourne has 12,787 properties. Over the last 5 years, Houses in North Melbourne have seen a -10.73% decrease in median value, while Units have seen a -6.01% decrease. As at 30 June 2026:
- The median value for Houses in North Melbourne is $1,239,553 while the median value for Units is $491,194.
- Houses have a median rent of $755 while Units have a median rent of $600.
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