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98 Munster Terrace, North Melbourne, VIC 3051

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98 Munster Terrace, North Melbourne, VIC 3051

98 Munster Terrace, North Melbourne, VIC 3051

Properties / Buy / Victoria / North Melbourne
Development Potential

1. Property Summary

Property Type
Residential, Commercial
Sub Type
Other, Office, Other
Selling Method
Sale by Negotiation: $2,200,000 - $2,350,000
DOCUMENTS AVAILABLE
Show All

2. Property Highlights

Rare Fusion of Commercial and Residential

A rarity on Melbourne’s adored inner-fringe, this unique combination of commercial space and two loft-style apartments offers a landmark chance to invest and attract several rental incomes, or employ imagination for residential or business uses.

With a brilliant main area and impressive mezzanine, a vast, ground-floor shopfront suits culinary, retail, and showroom pursuits, while opportunity exists to pair with two residences above in the creation of an office/business space truly unlike any other. Enjoying almost identical floor plans, effortlessly stylish, first and second-floor apartments occupy levels in their entirety, with warm timber and exposed concrete tones joining towering ceilings and all-day rays in affording atmospheres rich with airy refinement. Open living and dining areas and adjoining, scenic terraces neighbour first-rate kitchens, with extensive cabinetry joined by stainless-steel benches and upmarket appliances. With city skyscraper views, each home’s two substantial, robe-enhanced bedrooms sit either side of a chic bathroom, while other highlights include European laundries, timber floors, heating/cooling, and video intercoms.

With North Melbourne Recreation Centre, Arden Station (2025), and CityLink all just metres away, the Special Use-zoned building (SUZ7) sits a short stroll from energetic Errol Street, Royal Park’s blissful expanses, and trams accessing leading universities, major hospitals, Queen Victoria Market, and the bustling city centre.

Commercial Space : $40,000 p.a. (Approx.)

Unit 1 (Level 2): $725 pw/ $37,700 p.a. (Approx.)

Unit 2 (Level 3): $700pw/ $36,400 p.a. (Approx.)

Total Combined Rental Estimate: $114,100 p.a. (Approx.)

Remember to mention you found this property on DevelopmentReady

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Dataroom

1. Property Summary

Property Type
Residential, Commercial
Sub-type
Other, Office, Other
Selling method
Sale by Negotiation: $2,200,000 - $2,350,000
DOCUMENTS AVAILABLE
Gain Access

2. Property Highlights

Rare Fusion of Commercial and Residential

A rarity on Melbourne’s adored inner-fringe, this unique combination of commercial space and two loft-style apartments offers a landmark chance to invest and attract several rental incomes, or employ imagination for residential or business uses.

With a brilliant main area and impressive mezzanine, a vast, ground-floor shopfront suits culinary, retail, and showroom pursuits, while opportunity exists to pair with two residences above in the creation of an office/business space truly unlike any other. Enjoying almost identical floor plans, effortlessly stylish, first and second-floor apartments occupy levels in their entirety, with warm timber and exposed concrete tones joining towering ceilings and all-day rays in affording atmospheres rich with airy refinement. Open living and dining areas and adjoining, scenic terraces neighbour first-rate kitchens, with extensive cabinetry joined by stainless-steel benches and upmarket appliances. With city skyscraper views, each home’s two substantial, robe-enhanced bedrooms sit either side of a chic bathroom, while other highlights include European laundries, timber floors, heating/cooling, and video intercoms.

With North Melbourne Recreation Centre, Arden Station (2025), and CityLink all just metres away, the Special Use-zoned building (SUZ7) sits a short stroll from energetic Errol Street, Royal Park’s blissful expanses, and trams accessing leading universities, major hospitals, Queen Victoria Market, and the bustling city centre.

Commercial Space : $40,000 p.a. (Approx.)

Unit 1 (Level 2): $725 pw/ $37,700 p.a. (Approx.)

Unit 2 (Level 3): $700pw/ $36,400 p.a. (Approx.)

Total Combined Rental Estimate: $114,100 p.a. (Approx.)

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential

4. Property Location

98 Munster Terrace, North Melbourne, VIC 3051

Property Map

5. Market Intelligence Report

Developments and amenities within a 5km radius of the asset.

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98 Munster Terrace, North Melbourne, VIC 3051 North Melbourne
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