OVERVIEW

Cushman & Wakefield is pleased to present 470 Victoria Street, North Melbourne for sale via on-site Public Auction, with the following key attributes:

• Rare opportunity to secure a tightly held city fringe freehold terrace positioned a short 300m* from the Melbourne CBD.

• Strategic 132sqm* land parcel positioned 100m* from Errol Street Retail Precinct, Tram Route 57 and within walking distance to Queen Victoria Market.

• Two level mixed-use building of 144sqm* offering flexible ground floor retail or commercial space, with well-appointed 4-bedroom, 2-bathroom residential accommodation upstairs.

• Valuable rear laneway access, enabling potential for dual tenancies and rear car parking.

• Flexible Commercial 1 Zoning (C1Z) provides versatility for a range of uses including retail, office, residential, hospitality, or creative spaces.

• Ideally suited to owner occupiers, value add buyers and passive, astute investors interested in capitalizing on a diversified income stream.

• North Melbourne is suburb poised for enormous growth and infrastructure development, boasting a median house price of $1,300,000 and a 9.7% annual growth rate (source REIV).

• Positioned on the doorstep the Arden Urban Renewal Project, which is set to create an additional 34,000* jobs and accommodate 15,000* residents across the precinct by 2051*

*Approx

For Sale by via on-site Public Auction on Thursday 19 June 2025 at 12.00pm (AEST).

Open For Inspection at the below times (AEST):

24 May Saturday 11:30am – 12:00pm

31 May Saturday 11:30am – 12:00pm 

6 June Friday 12:00pm – 12:30 pm 

13 June Friday 12:00pm – 12:00pm 

For more information, please contact Cushman & Wakefield City Fringe Sales as the exclusive selling agent:

Anthony Kirwan | +61 431 952 430

Valerie Tang 邓梓珊 | +61 421 271 215 | Wechat: Valerie_1999530