Watch Watch
Your home of Commercial Ready videos
Watch Watch
Back
Sold Check

13-15 Errol Street, North Melbourne, VIC, 3051

+15 Photos
/
Images
Close

13-15 Errol Street, North Melbourne, VIC, 3051

North Melbourne

×
Sold Check
+17 Photos

13-15 Errol Street, North Melbourne, VIC, 3051

North Melbourne

SOLD
13-15 Errol Street, North Melbourne, VIC, 3051

13-15 Errol Street, North Melbourne, VIC, 3051

Properties / Sold / Victoria / North Melbourne
Tenanted Investment
Selling Method
Auction
Selling Details
Contact Melbco selling agents today
Floor Area
318 m² (*approx)
Property Type
Offices, Retail, Health/Medical
Est. Income
$115,289 p/a
Show All
Timeless Corner Freehold in Booming Growth Precinct – First Time Offered in 50 Years +
  • Short-Term Holding Income
  • Separate Ground & First Floor Tenancie
  • Dual Street Frontage of 30m*

The Cushman & Wakefield Melbco Strip Retail team are delighted to present 13-15 Errol Street, North Melbourne for sale.

• Striking two-level freehold building of 318sqm*, situated on a prominent corner site in the heart of the Errol Street retail precinct.

• Located on the cusp of the Melbourne CBD (800m*) and within walking distance to the Queen Victoria Market (600m*), Flagstaff Gardens (600m*), Melbourne’s Medical Precinct (700m*), and other major landmarks.

• Short-term holding income offering flexibility to both investors and owner occupiers.

• Two separate tenancies including a trendy ground floor café and first floor medical / office suites, each with their own street entrance.

• Valuable liquor licence permitting the sale and consumption of alcohol seven days a week from 7am to 10pm.

• Set amongst a world class medical precinct including The Royal Melbourne Hospital, The Royal Women’s Hospital, The Royal Childrens Hospital and Peter McCullum Cancer Centre.

• On the doorstep the Arden Urban Renewal Project, which is set to create an additional 34,000* jobs and accommodate 15,000* residents across the precinct by 2051*.

• Purchase now and reap the rewards of this booming growth corridor.

*Approx

For Sale by Public Auction on Thursday, 22 August, at 12.30PM (AEDT) On-site.

To arrange an inspection or for more information please contact Cushman & Wakefield Melbco Strip Retail Team as the exclusive selling agents.

George Davies | +61 421 799 489

Anthony Kirwan | +61 421 799 489

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

13-15 Errol Street Investment Summary

Property Type
Offices, Retail, Health/Medical
Est. Income
$115,289 p/a
Floor Area
318 m² (*approx)
Selling Method
Auction
Auction Date
22 Aug 2024 12:30PM
Selling Details
Contact Melbco selling agents today

Investment Highlights

Timeless Corner Freehold in Booming Growth Precinct – First Time Offered in 50 Years +
  • Short-Term Holding Income
  • Separate Ground & First Floor Tenancie
  • Dual Street Frontage of 30m*

The Cushman & Wakefield Melbco Strip Retail team are delighted to present 13-15 Errol Street, North Melbourne for sale.

• Striking two-level freehold building of 318sqm*, situated on a prominent corner site in the heart of the Errol Street retail precinct.

• Located on the cusp of the Melbourne CBD (800m*) and within walking distance to the Queen Victoria Market (600m*), Flagstaff Gardens (600m*), Melbourne’s Medical Precinct (700m*), and other major landmarks.

• Short-term holding income offering flexibility to both investors and owner occupiers.

• Two separate tenancies including a trendy ground floor café and first floor medical / office suites, each with their own street entrance.

• Valuable liquor licence permitting the sale and consumption of alcohol seven days a week from 7am to 10pm.

• Set amongst a world class medical precinct including The Royal Melbourne Hospital, The Royal Women’s Hospital, The Royal Childrens Hospital and Peter McCullum Cancer Centre.

• On the doorstep the Arden Urban Renewal Project, which is set to create an additional 34,000* jobs and accommodate 15,000* residents across the precinct by 2051*.

• Purchase now and reap the rewards of this booming growth corridor.

*Approx

For Sale by Public Auction on Thursday, 22 August, at 12.30PM (AEDT) On-site.

To arrange an inspection or for more information please contact Cushman & Wakefield Melbco Strip Retail Team as the exclusive selling agents.

George Davies | +61 421 799 489

Anthony Kirwan | +61 421 799 489

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

Finance Calculator

13-15 Errol Street, North Melbourne, VIC, 3051

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:

Property price based on our
internal data modelling and market trends.

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
$xxx,xxx
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: victoria
Indicative rate for victoria. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO victoria for the latest rules and any concessions that may reduce this figure.
in full report

Property Location of 13-15 Errol Street, North Melbourne, VIC, 3051

Property Map
calculator-icon Yield Calculator
calcultor-icon Yield Calculator