261-263 Macaulay RoadNorth Melbourne VIC 3051
Property Details for 261-263 Macaulay Rd, North Melbourne
Last Listing description (July 2026)
REMAX DIAMOND brings you an opportunity to acquire a piece of land in the ultra-booming "Arden Precinct" of North Melbourne located at 261-263 Macaulay Road, North Melbourne VIC.
This is indeed a future growth secured area that can venture into a high-rise building as well. While being strategically located near the new Arden Train Station a key part of Melbourne's multi-billion-dollar Metro Tunnel Project. This property has an exceptional opportunity to secure a high-performing, income-generating asset positioned in the heart of North Melbourne's rapidly transforming Arden Precinct.
Currently operating as a short-stay accommodation, this property offers immediate cash flow in the form of a lease-back option by the current owner for the period of settlement. This is more than just a property it's a future-proof investment in one of Melbourne's most significant growth corridors. The current owner is willing to lease back the investment as well.
LOCATION | INFRASTRUCTURE | GROWTH
The new Arden Station (major infrastructure upgrade)
Direct connectivity to Melbourne CBD (minutes away)
Massive government-backed urban renewal
Future employment & innovation hub
Strong population and commercial growth
Buy into the precinct before the full transformation is realised.
PROPERTY FEATURES
Current owner to leaseback at $50,000 per annum
Currently operating as short-stay accommodation
Immediate income potential (owner-operated)
Prominent main road exposure
Functional layout with multiple use options
High-demand inner-city position
Flexible building suited for: Accommodation / Airbnb, Office, Showroom, Warehouse / Storage (STCA)
This property does have a multi-buyer appeal where an investor can secure existing income and longterm upside plans, owner occupiers can move in to operate the pre-existing business or reposition to suit their needs; but in addition it can very well suit any developer/land bankers to capitalise on Arden Precinct transformation.
CONTACT Rahul 0415 526 808 | Surinderpal 0469 027 173
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate but accept no responsibility and disclaim all liability with respect to any errors, omissions, inaccuracies, or misstatements in this document. Prospect purchasers should make their enquiries to verify the information contained in this document. Purchasers should make their enquiries and refer to the due diligence checklist provided by Consumer Affairs.
Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 261-263 Macaulay Rd, North Melbourne, VIC 3051
- 30 Mar 2026Listed for Sale $2,070,000 - $2,150,000
- 08 Feb 2022Sold for $1,900,000
- 20 Aug 2019Transferred
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0About 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 12,810 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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