For Sale by Expressions of Interest Closing 21 June 2023 @ 2 pm.
This former hotel and adjoining double storey residences, more recently used as offices, sit on a site of approximately 363 sqm over two titles and are brilliantly positioned in one of North Melbourne's premiere pockets close to public transport, Errol Street shops, local cafes, Victoria Market, Schools, Hospitals and only a hop step and jump from the Melbourne CBD. Located on the corner of Gardiner Street and boasting three street frontages with excellent rear car access and parking.
Upgrade the current two story buildings for office accommodation or take advantage of the Mixed Use Zoning providing for future residential development (STCA) capitalising on the 14m height limit and potential views of the CBD and North Melbourne Town Hall. The property is being offered with vacant possession on generous terms of up to 6 months settlement and would suit investors, owner occupiers or developers alike. This is an opportunity that rarely presents itself and should not be missed. Inspection by appointment only.
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 12,826 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:
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