506 Queensberry StreetNorth Melbourne VIC 3051
Property Details for 506 Queensberry St, North Melbourne
Last Listing description (January 2024)
STUNNING SHOP AND 3 BEDROOM DWELLING
Vision Real Estate is delighted to offer this magnificent two-level Victorian three bedroom shop and dwelling, ideally positioned close to the intersection of Errol St and Queensberry St in the ever so popular city fringe suburb of North Melbourne.
*Substantial 3 bedroom shop and dwelling
*Returning $57,000 p/a + outgoings + GST
Key Features:
*Total land area - 195 sqm*
*Total building area over 2 levels - 165 sqm*
*Offering 5 rooms plus a shop front, kitchen and full bathroom.
*Leased to Madison's World until 10/4/2026 returning $57,000 p/a + outgoings +GST
*Favourable Mixed Use Zone with potential for future value add (S.T.C.A).
*Surrounded by beautiful historic buildings in a stunning tree line street.
*Close to Victoria Street tram network, North Melbourne Train Station, Queen Victoria Market, Royal Melbourne Hospital, University of Melbourne and the Melbourne CBD.
*Easy access to the popular Errol St shops and eateries.
*Valuable onsite parking from Jones Lane.
506 Queesnberry Street presents an exciting opportunity for the investor or owner occupier looking to take advantage of the huge potential in capital growth that this remarkable property has to offer all in this highly prized position.
For further information please contact Frank Romeo on 0405 703 470 or frank@vision***
*approx.
Property History for 506 Queensberry St, North Melbourne, VIC 3051
- 04 Oct 2023Listed for Sale Contact Agent
- 14 Feb 2023Listed for Rent - Price not available
- 12 Nov 2018Listed for Rent - Price not available
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 12,780 properties. Over the last 5 years, Houses in North Melbourne have seen a -13.53% decrease in median value, while Units have seen a -7.61% decrease. As at 31 May 2026:
- The median value for Houses in North Melbourne is $1,270,669 while the median value for Units is $494,948.
- Houses have a median rent of $750 while Units have a median rent of $600.
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