542-548 Victoria StreetNorth Melbourne VIC 3051
Property Details for 542-548 Victoria St, North Melbourne
Last Listing description (December 2020)
Gross Waddell with Charter Keck Cramer acting as Transaction Advisor are excited to offer this ultimate freehold opportunity on the immediate fringe of Melbournes CBD. 542-548 Victoria Street resides within the bustling inner-city precinct with a wide array of fashionable cafes/pubs, retail outlets, and public transport options at your disposal.
A single-storey warehouse/showroom/office on a substantial land holding of 632sqm*
High profile corner position at the junction of King, Victoria, and Curzon Streets
Zoned Mixed-Use (MUZ) suiting a wide array of uses offering the opportunity to value-add or develop (STCA)
Magnificent main road exposure and branding opportunities with 79m* of frontage
Offered with short term holding income
A huge array of Melbournes most sought after cafes, restaurants and gentrified pubs are within close proximity
Less than 1km* from Melbournes CBD and close to the Arden Urban Renewal Project, a 50ha* precinct which aspires to accommodate approximately 34,000 jobs and 15,000 residents (source: City of Melbourne)
Outstanding connectivity to the Medical and University precincts which will be further enhanced with the new metro tunnel linking North Melbourne to the wider Melbourne region
The property is for sale via Expressions of Interest closing Thursday the 10th of December at 2:00 pm. For further information or to organise an inspection, please contact Gross Waddell directly.
Transaction Advisor: Charter Keck Cramer.
*approx.
Property History for 542-548 Victoria St, North Melbourne, VIC 3051
- 17 Dec 2020Sold for $3,850,000
- 10 Nov 2020Listed for Sale Contact Agent
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 12,849 properties. Over the last 5 years, Houses in North Melbourne have seen a -14.47% decrease in median value, while Units have seen a -2.46% decrease. As at 31 July 2026:
- The median value for Houses in North Melbourne is $1,238,107 while the median value for Units is $502,125.
- Houses have a median rent of $760 while Units have a median rent of $610.
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