48 Flemington Road, Parkville, VIC 3052 | Property Value & History | OnTheHouse
 
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48 Flemington Road
Parkville VIC 3052

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 40990m2
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Property Details for 48 Flemington Rd, Parkville

Building Type
Commercial
Land Size
40990m2
Local Government
Melbourne

Last Listing description (February 2021)

POINT OF INTEREST:

Located in the main retail / hospitality section of the Royal Children's Hospital, these two spaces can be used for a variety of uses that include retail and medical.The modern Royal Children's hospital was opened in 2011 and is host to over 340 beds, 4000 staff and handled over 80,000 admissions to emergency in 2018*. The need for complimentary amenities to support the patients, staff and family has led to the positive growth of the retail division in the base of the hospital since opening.

Further foot traffic and growth is continued with both suites being located within a moments walk from the lobby of the Larwill Hotel. The Larwill accommodates many of the family / friends of hospital guests in addition to their private guests and features 96 rooms with a typical occupancy of 80-90% year round.

- Tenancy G.06: 82 sqm*
- Tenancy G.07: 148 sqm*
- 2000 car basement car park + 500 bike spaces
- High exposure position
- Water supply / heating + cooling available

POINT OF VIEW:

Available immediately and flexible in it's use (fit out) as medical or retail, these two spaces provide excellent exposure with large volumes of foot traffic passing everyday. Additionally, the spaces are surrounded by established operators that include McDonalds, Degani cafe, Subway, Hoyts Beanbag Cinema, Boost Juice, Trampoline, S4 Fitness studio and National Geographic all offering extended trading hours.

*Approx.
Pricing excludes GST

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Property History for 48 Flemington Rd, Parkville, VIC 3052

A timeline of how this property has performed in the market
Listed for Rent
$1.73k/w
09 Dec 2020
  • 12 Nov 2020
    Listed for Rent - Price not available
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About Parkville 3052

The size of Parkville is approximately 4.1 square kilometres. There are 23 parks, covering nearly 51.1% of the total area. The population of Parkville in 2016 was 7409 people. By 2021 the population was 7074 showing a population decline of 4.5% in the area during that time. The predominant age group in Parkville is 20-29 years. Households in Parkville are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Parkville work in a professional occupation.In 2021, 32.50% of the homes in Parkville were owner-occupied compared with 31.60% in 2016.

Parkville has 4,287 properties. Over the last 5 years, Houses in Parkville have seen a -11.75% decrease in median value, while Units have seen a 8.11% increase. As at 31 July 2026:

  • The median value for Houses in Parkville is $1,852,833 while the median value for Units is $573,892.
  • Houses have a median rent of $1,200 while Units have a median rent of $573.
There are currently 11 properties listed for sale, and 4 properties listed for rent in Parkville on OnTheHouse. According to Cotality's data, 203 properties were sold in the past 12 months in Parkville.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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