Three Street Frontages, One Outstanding Opportunity

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37-39 Baillie Street, North Melbourne VIC 3051

$900,000 - $990,000

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$900k - $945k Transparent Transparent Listing Based on an openly advertised listing price.

Land 134 m² 134 m²

Listed: 3 days ago

Updated: 21 hours ago

Overview

Located on a uniquely positioned corner allotment with three street frontages, this single-level brick warehouse offers a remarkable city-fringe opportunity. Its mixed-use zoning provides considerable versatility, appealing to a broad range of potential buyers including investors, developers, and creative entrepreneurs who value flexibility.

The property’s solid construction includes concrete flooring and roller door access on multiple sides, complemented by approximately 4 meters of internal clearance and a 10.5-meter height limit. These features maximize usability whether for storage, commercial activities, or future residential conversion and redevelopment subject to council approval.

With a building footprint matching the land size of approximately 134 square meters, the asset’s potential is enhanced by its proximity to key lifestyle and transport amenities. Just a short walk from Errol Street Village’s retail and dining precinct, prominent healthcare facilities, Royal Park, Arden Station, and Melbourne University, it is well-situated for urban convenience and connectivity.

This property is available subject to a short-term lease and viewing is by appointment only, presenting an ideal prospect for purchasers aiming to capitalize on an increasingly rare inner-city warehouse with significant upside potential.

Local Market Insights

In Melbourne - Inner, Quiet Listings observed 13 new parcels of land entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $2,856,846. The property type mix of listed properties is predominantly Houses at 39%, followed by apartments (35%), and townhouses (11%). The most active agency for land in the Melbourne - Inner area is currently Canford Estate Agents, representing 15% of new listings. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.