27-29 Arden St Inmueble de 286 m² en edificio multipropietario | Local en venta a 1.564.888 € en North Melbourne, VIC 3051

The property comprises a high-ceiling warehouse with reliable heating and cooling systems, male and female amenities, and a shower area. A rear lane provides access to two car spaces, enhancing convenience for occupants or future development. Currently, the property includes a one-bedroom apartment generating $2,000 per month in rental income, providing holding income while planning approvals are pursued.

An exceptional opportunity to secure a prime inner-city property in North Melbourne’s highly sought-after medical and education precinct. This versatile warehouse, positioned on Arden Street, offers outstanding potential for redevelopment or adaptive reuse, supported by its strategic location and strong demand for residential and commercial projects in the area.

Surrounded by major institutions, the site is within walking distance of Royal Melbourne Hospital, Royal Women’s Hospital, Royal Children’s Hospital, Melbourne University, and the Queen Victoria Market. The location also benefits from proximity to banks, supermarkets, cafés, schools, and the CBD via the free tram zone.

With strong buyer demand for inner-city townhouses and mixed-use developments, this property represents a rare chance to create a landmark project with city skyline views or to establish a showroom, retail, or office presence in a thriving precinct.