GROUND FLOOR/34 Errol StreetNorth Melbourne VIC 3051
Property Details for Ground Floor/34 Errol St, North Melbourne
Last Listing description (October 2011)
THE POSSIBILITIES ARE LIMITLESS!
INVESTMENT SUCCESS IN THE HEART OF THE ERROL STREET SHOPPING STRIP (ZONED BUSINESS 1). HIGH VOLUME PEDESTRIAN TRAFFIC, A PROMINENT PROFILE, AMPLE RETAIL AND STORAGE SPACE AND VICTORIA STREET CONTRIBUTE TO ON-GOING APPEAL ON 135SQM(1453SQFT) APPROX. GENEROUS SALES AND DISPLAY AREA IS COMPLEMENTED BY A LARGE UPSTAIRS STORAGE SPACE WHILE TO THE REAR, ADDITIONAL STORAGE, KITCHEN AND BATHROOM FACILITIES. LEASE 1/2/2010 -1/2/2015 WITH ONE X FURTHER 5 YEAR OPTION. THE CURRENT RENT IS $48869.40 INC GST. OUTGOINGS, INCLUDING WATER, COUNCIL RATES, BUILDING INSURANCE AND $10M PUBLIC LIABILITY INSURANCE PAID BY TENANT. THIS LANDMARK VICTORIAN BUILDING OFFERS UNIQUE SCOPE FOR COMMERCIAL, PROFESSIONAL OR RESIDENTIAL CONVERSION - OR A COMBINATION OF ALL THREE.THE CORNER SHOPFRONT SUGGESTS A RANGE OF RETAIL/OFFICE/SHOWROOM OR CAFE/RESTAURANT OPTIONS. AN OUTSTANDING INVESTMENT OPPORTUNITY IN NORTH MELBOURNE'S BEST PRECINCT. ONE OF THE STRIP'S MOST SIGNIFICANT OPPORTUNITIES IN YEARS. FOR MORE INFORMATION PLEASE CONTACT WINNY NI 0433 731 528
Property History for Ground Floor/34 Errol St, North Melbourne, VIC 3051
- 22 Aug 2011Sold for $1,100,000
- 30 Jul 2011Listed for Sale CONTACT AGENT
- 12 Oct 2007Listed for Sale 279000
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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 12,827 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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