460 Brunswick Street
Fitzroy North, VIC 3068

This landmark inner city commercial property located at 460 Brunswick Street, Fitzroy North, offers a rare investment opportunity in a prime location just 2 kilometres north of Melbourne's central business district. The property is a high-profile freehold asset featuring a substantial landholding and a renovated two-level building designed to accommodate medical and allied health services.

The building comprises 330 square metres of floor area and is situated on a valuable triple-fronted land parcel measuring approximately 624 square metres. The site benefits from over 60 metres of frontage along Brunswick Street, Queens Parade, and Alexandra Parade, providing excellent exposure and accessibility.

The property is currently leased to a reputable medical tenant under a new 5 + 5 + 5 year lease arrangement, ensuring secure and stable income. The tenant operates a long-standing medical and allied health practice that serves the community seven days a week, reflecting the property's suitability for healthcare-related uses.

Key features of the property include nine consulting rooms within the renovated building, providing ample space for medical practitioners and allied health professionals. Additionally, the site includes 13 on-site car parking spaces, a significant advantage in this inner-city location.

The zoning of the property is Mixed Use, which encourages high-density development subject to council approval. This zoning, combined with the property's size and location, offers future redevelopment potential and flexibility for investors and developers.

Strategically positioned at a gateway location between two vibrant commercial precincts—Brunswick Street and Queens Parade—the property enjoys excellent connectivity. Public transport options are readily accessible, with a tram stop located at the doorstep, and major arterial roads including the Eastern Freeway are easily reached, enhancing the site's appeal for both tenants and visitors.

For investors, land bankers, and developers seeking a secure income-producing asset with significant upside potential, 460 Brunswick Street represents an exceptional opportunity. The property’s combination of a renewed lease, strong tenant profile, substantial landholding, and favourable zoning makes it a standout offering in the inner Melbourne market.

Additional opportunity exists to acquire the adjacent property at 8 Queens Parade, which would increase the total land area to approximately 764 square metres, further enhancing development prospects.

Overall, this property is well-suited for continued medical use or future redevelopment, offering flexibility and long-term value in a sought-after location.