AUCTION ON-SITE: FRIDAY 21 OCTOBER AT 1:00PM
Rendina Real Estate is delighted to present to you a not to be missed investment city fringe retail opportunity at 610 Queensberry Street, North Melbourne.
This two-level brick building will see unprecedented growth in the coming years directly benefiting from the adjacent approved development and projects which includes:
1. Arden-Macaulay Renewal Project (new North Melbourne Train Station set to open in 2025)
2. $450m Queen Victoria Re-Development Program
3. $750m Elizabeth North Project in Biomedical Precinct
North Melbourne will be transformed into a whole new vibrant community and growth suburb, focused on new infrastructure and housing, innovation, investment, and employment.
Be a part of that transformation with 610 Queensberry Street. It's your chance to capitalise on this rare opportunity.
Key features of this Asset include:
* The following are approximate
- Land area: 121 sqm*
- Building area: 240 sqm*
- Located in one of Melbourne's fastest growth areas
- Two-level well-presented retail with flexible layout
- Commercial kitchen
- Good size courtyard
- Rear access
- Currently returning $42,000 PA.
Locations and amenities within walking distance:
- Tram 57 Curzon Street: less than1 min walk*
- Queen Victoria Market: 12 min walk*
- New North Melbourne Train Station: 8 min walk*
- Biomedical Precinct: 7 min walk*
- - Melbourne CBD: 12 min walk*
- Flagstaff Gardens: 12 min walk*
- RMIT University: 15 min walk*
- Melbourne Central Train Station: 15 min walk*
- Melbourne University: 17 min walk approx.
To request a private inspection, contact.
Lou Rendina 0418 525 415
Frank Mammone -0447 441 950
Robin Salh 0428 675 538
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 12,819 properties. Over the last 5 years, Houses in North Melbourne have seen a -4.70% decrease in median value, while Units have seen a -2.98% decrease. As at 30 September 2026:
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