9-11 Racecourse RoadNorth Melbourne VIC 3051
Property Details for 9-11 Racecourse Rd, North Melbourne
Last Listing description (May 2023)
For Sale by Expression of Interest closing 30 May at 5pm
Boasting outstanding exposure in a prime position at the gateway to the absolute heart of the city, this single fronted building is set on a site of approximately 173m2 with huge potential. Seize the chance to make it your dynamic business base or any one of a number of other exciting possibilities - it could easily become the site of something stylish and new and even includes scope to build upwards and create a multi storey development (subject to relevant approvals). Zoned Commercial 1 (C1Z), with a side laneway adding highly convenient additional access along the full depth of the property (approximately 33.8 metres), it's set on a popular thoroughfare with excellent visibility from one of Melbourne's most vital intersections. Metres to multiple tram lines, a short stroll to trains on the Upfield line, it's just moments to CityLink access, Royal Park and the world famous Melbourne Biomedical Precinct. Take advantage of enormous scope in an exceptionally visible location, within a 3.5 kilometre drive of the Central Business District and served by outstanding public transport links, and never look back.
Alexkarbon Real Estate
241 Union Rd, Ascot Vale 3032
Property History for 9-11 Racecourse Rd, North Melbourne, VIC 3051
- 11 May 2023Sold for $810,000
- 01 May 2023Listed for Sale $760,000 to $830,000
- 04 Apr 2011Transferred
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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 12,777 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.
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