37 Flemington RoadNorth Melbourne VIC 3051
Property Details for 37 Flemington Rd, North Melbourne
Last Listing description (August 2024)
Prime Commercial Property Offering in Central Location
Welcome to an exceptional investment opportunity! This versatile property spans 400sqm of land and boasts a three-level building with an approximate area of 276sqm. Featuring two street frontages, this property offers immense potential for various business endeavors.
Property Highlights:
Multi-Level Building: Spread across LG, G, and First Floors, offering ample space for diverse utilisation.
A spacious warehouse at the rear with a separate entry, perfect for storage or additional commercial purposes.
The property currently hosts a thriving retail space, operating as a charming cafe, providing immediate income potential.
Fixtures and fittings are available upon application, ensuring a seamless transition for your desired business setup.
Strategically positioned near the CBD, hospitals, and the university, offering accessibility and visibility.
Historical Significance: Formerly recognised as the Exchange Hotel, this property, steeped in history and dating back to 1873, presents a unique charm and character.
This property offers an exceptional opportunity for entrepreneurs seeking a versatile space in a bustling area, suitable for various commercial uses. Don't miss the chance to own a piece of history while making a smart investment in a prime location.
Unique Leasing Opportunity: Building and Warehouse Available Separately
Contact Gabriel Mercuri to inspect 0411 701 133
Property History for 37 Flemington Rd, North Melbourne, VIC 3051
- 06 Jun 2024Listed for Rent $190,000 pa
- 28 Feb 2023Listed for Rent $190,000 pa
- 09 Nov 2016Listed for Sale Not Disclosed
Recent sales nearby
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About North Melbourne 3051
The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of 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 12,798 properties. Over the last 5 years, Houses in North Melbourne have seen a -7.57% decrease in median value, while Units have seen a -4.48% decrease. As at 31 March 2026:
- The median value for Houses in North Melbourne is $1,295,341 while the median value for Units is $502,419.
- Houses have a median rent of $750 while Units have a median rent of $600.
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