NMLL, 178 Macaulay Road, North Melbourne, VIC, 3051

Jones Real Estate is pleased to present North Melbourne Language & Learning (NMLL), 178 Macaulay Road, North Melbourne to the market For Sale via Deadline Private Sale closing Thursday 5th November 2026 at 2:30pm (AEDT).

This well-located investment offers a rare opportunity to secure a substantial first-floor holding within the Arden renewal precinct, underpinned by a new lease to a long-established community education provider. NMLL relocated to the premises in late 2025 after 36 years on the nearby public housing estate, doubling its space and completing its own fit-out, a clear demonstration of its commitment to the location.

Key investment highlights include:

- Securely leased to North Melbourne Language and Learning Inc, a registered charity, accredited training provider and Neighbourhood House, on a 5-year lease from 1 October 2025 with 2 further options of 5-years extending to 2040.

- Currently returning $294,262.50 per annum plus GST & Outgoings, with fixed 3.25% annual increases and a market review at each option.

- Eligible for exemption from land tax as the premises are used and occupied by a registered charity for its charitable purposes, a meaningful holding-cost advantage given land tax is not recoverable under the lease.

- Comprising 664sqm* NLA across four adjoining first-floor strata titles offered in one line, extending to 876 sqm* GLA across the first floor, mezzanine, ground floor and basement levels, together with 8 basement car spaces.

- Private ground-floor entrance with a dedicated elevator and disability lift, also providing direct access from the Basement Level 2 car park, offering an independent street presence and convenient entry for staff, students and visitors.

- Part of the Arden Gardens development alongside Woolworths, BWS, Australia Post, Amcal, Genesis Dentists Melbourne, a café and other retail tenancies, within a precinct planned for up to 34,000 jobs and around 20,000 residents by 2051.

- Within close proximity to Macaulay Station (460m*), the new Arden Station on the Metro Tunnel (850m*), Melbourne CBD (3kms*), the Melbourne Biomedical Precinct (1.8kms*) and the University of Melbourne (1.8kms), plus easy access to CityLink and the Tullamarine Fwy.

*Approx.

For further information or to arrange an inspection, please contact the exclusive selling agents at Jones Real Estate.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

Remember to mention you found this property on CommercialReady