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Top picks for commercial real estate in Melbourne’s inner north west

From quirky commercial options to multistorey developments, Melbourne’s inner northwest has plenty on the market.

Experts predict property prices will continue falling as mortgage stress increases

With versatile residences, converted warehouses and development options, Melbourne’s north western suburbs have rich pickings for canny investors.

Double delight

108 Cumberland Rd, Pascoe Vale

The Pascoe Vale South property has lots of versatility with a business upfront and a residence down back. Picture: Supplied
The Pascoe Vale South property has lots of versatility with a business upfront and a residence down back. Picture: Supplied

This Pascoe Vale property is all business at the front and private home at the back.

Nestled in the heart of Pascoe Vale, within walking distance to a railway station, is a two-for-one property with a licensed business premise at the front and a secluded two-bedroom premise at the back.

The front is leased as a hairdresser until December 2023 but this renovated premise is one not to miss.

The Pascoe Vale site features an open-plan design. Picture: Supplied
The Pascoe Vale site features an open-plan design. Picture: Supplied

The rear houses a newly transformed residence which packs a lot in including an outdoor entertainment area and designer bathrooms.

Priced between $1,050,000 – $1,150,00.

See the details here.

Bustling Barkly Street

309 Barkly St, Footscray

The site has endorsed plans for a multi-storey construction and mixed-use.
The site has endorsed plans for a multi-storey construction and mixed-use.

Barkly St is where the action happens in Footscray and this property won’t disappoint.

Located in one of Melbourne’s fastest-growing inner-city suburbs, this site offers plenty of promise in a heavy retail area.

The Footscray site has plenty of development potential.
The Footscray site has plenty of development potential.

For a price point of $1,430,000, the buyer gets access to ground-floor retail with five levels and a rooftop garden space with scenic views.

The site has endorsed plans and permits for a six-level development approved for residential, commercial and hospitality use.

Close by are cafes, restaurants, Footscray Market and Victoria University.

See the details here.

Two-storey settling, double the potential

96 Charles St, Seddon

The business is located on the high-traffic, high-exposure intersection of Charles and Gamon streets.

The two-storey building has a retail space on the ground floor as well as a residence upstairs with a kitchen and outdoor area to the rear.

For $1,099,000, buyers can get a foothold in a well-regarded area with plenty of growth.

See the details here.

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Original URL: https://www.heraldsun.com.au/property/top-picks-for-commercial-real-estate-in-melbournes-inner-north-west/news-story/fafef71db2dc5feb18e3527c2f26cb8f