39 O'Connell StreetNorth Melbourne VIC 3051
Property Details for 39 O'Connell St, North Melbourne
Last Listing description (July 2015)
GormanKelly is pleased to offer 39 O Connell Street, North Melbourne for sale by auction.
This prime offering provides an opportunity to secure an exceptional inner city office with modern fitout, suitable for owner occupiers or investors, with future development potential (STCA).
Other features of this outstanding property include:
* Two storey office with modern fitout including polished concrete flooring, raked ceilings & exposed brickwork
* Mixed Use Zone
* Building area 234m / Land area 126m
* Offered with vacant possession
* Potential rental $75,000 net per annum plus GST
* Development potential in accordance with current planning schemes
* Strategic corporate or residential locality
39 O Connell Street, North Melbourne is located on the western side of O Connell Street between Victoria Street and Queensberry Street and is located approximately 1km* north of the Melbourne CBD within the municipality of the City of Melbourne.
North Melbourne is a highly desirable established suburb entrenched in culture and lifestyle. The property is only metres from the Queen Victoria Markets and is set amongst a variety of pubs, restaurants and cafes, along with other small businesses and residential buildings. North Melbourne is well serviced by public transport with tram services running along all streets surrounding the property. Both Flagstaff and Melbourne Central train stations are only a short 10 minute walk away.
Property History for 39 O'Connell St, North Melbourne, VIC 3051
- 29 May 2015Sold for $1,507,000
- 20 Apr 2015Listed for Sale Not Disclosed
- 29 Mar 2004Sold for $620,000
Recent sales nearby
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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 12,779 properties. Over the last 5 years, Houses in North Melbourne have seen a -8.72% decrease in median value, while Units have seen a -4.55% decrease. As at 30 April 2026:
- The median value for Houses in North Melbourne is $1,304,139 while the median value for Units is $515,667.
- Houses have a median rent of $750 while Units have a median rent of $600.
Suburb Insights for North Melbourne 3051
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