1 O'Connell Street,
North Melbourne, VIC 3051
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Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
1 O'Connell Street
North Melbourne, VIC 3051
Map of 1 O'Connell Street
Affordable Investment Metres from Melbourne’s Iconic Queen Victoria Market
- 4% Annual Increases
- Highly Rated Tenant
- Low Maintenance Investment
Stonebridge Property Group are pleased to introduce 1 O’Connell Street, North Melbourne for sale via Public Onsite Auction Friday 6th August 2021 at 12.30pm (AEST).
- Located in a dense pocket of North Melbourne with excellent surrounding amenity including Queen Victoria Market (50m*) and Melbourne favourites Koko Black, Fresh Food Market, Market Espresso, Market Lane Coffee (130m*) and Celebrations (10m*)
- Strong trading tenant returning $34,320* (net) per annum with 4% rental increases
- Leased to a strategic tenant well-suited to the highly populated area, offering a dine-in or take away service. Braised Ducky Lee can be found on all major food delivery apps including Uber Eats and Door Dash
- Well designed retail space with front and rear access allowing for seamless trade whilst receiving incoming/outgoing deliveries
- Forthcoming development in the precinct will continue to drive dine-in and notably takeaway trade. These include The Southern development site, Munro development site (boutique hotel, apartments for long term rental & complementary hospitality and retail stores), and Central Club development (8 levels)
- Easily accessed via public transport notably tram (150m*) and the Melbourne Central Train Station (575m*)
- Immediate proximity to the Melbourne Central Business district (350m*) provides exciting future capital growth prospects and the potential for strong rental growth
*Approximately
1 O'Connell Street, North Melbourne is for sale via Online Auction – PLEASE CONTACT STONEBRIDGE PROPERTY GROUP AGENTS.
Max Warren
0488 296 8...
Nic Hage
0448 782 5...
Property Code: 269
- Located in a dense pocket of North Melbourne with excellent surrounding amenity including Queen Victoria Market (50m*) and Melbourne favourites Koko Black, Fresh Food Market, Market Espresso, Market Lane Coffee (130m*) and Celebrations (10m*)
- Strong trading tenant returning $34,320* (net) per annum with 4% rental increases
- Leased to a strategic tenant well-suited to the highly populated area, offering a dine-in or take away service. Braised Ducky Lee can be found on all major food delivery apps including Uber Eats and Door Dash
- Well designed retail space with front and rear access allowing for seamless trade whilst receiving incoming/outgoing deliveries
- Forthcoming development in the precinct will continue to drive dine-in and notably takeaway trade. These include The Southern development site, Munro development site (boutique hotel, apartments for long term rental & complementary hospitality and retail stores), and Central Club development (8 levels)
- Easily accessed via public transport notably tram (150m*) and the Melbourne Central Train Station (575m*)
- Immediate proximity to the Melbourne Central Business district (350m*) provides exciting future capital growth prospects and the potential for strong rental growth
*Approximately
1 O'Connell Street, North Melbourne is for sale via Online Auction – PLEASE CONTACT STONEBRIDGE PROPERTY GROUP AGENTS.
Max Warren
0488 296 8...
Nic Hage
0448 782 5...
Property Code: 269
North Melbourne, 3051 demographic data
The median household income for North Melbourne is $1,717, 10% lower than Greater Melbourne's household income of $1,901. North Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 31 vs 37). Property ownership data shows 57% of property owners in North Melbourne have a mortgage.
14,953
Population
$1,717 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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