About this commercial property
The property at 314/29 Oconnell Street in North Melbourne, Victoria sits on an 811 m² land parcel. It was sold for $552,000 on 3 Mar 2015.
Alternate search: Unit 314, 29 Oconnell Street.
Commercial Property
314/29 Oconnell Street
29 Oconnell Street, North Melbourne VIC 3051, Australia
-
Parking
811 m²
Land size
-
Internal area
$552,000
Last sale
Sales history
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sold | Mar 2015 | $552,000 | $680 |
| Sold | Feb 2011 | $540,000 | $665 |
Price per m² based on land size of 811 m².
Key details
- Locality
- North Melbourne
- State
- VIC
- GNAF PID
A unique ID for this address in Australia's national address database.
- GAVIC412043482
- Legal parcel ID
The official land parcel identifier used on property titles and plans.
- 314\PS414990
- Remoteness area
- Metro
- Property type
- Commercial
- Land size
- 811 m²
- Internal area
- -
- Land Use Category
What the land is mainly used for, such as Residential, Commercial, Industrial or Other.
- Commercial
Frequently asked questions
What is the total land area available at 314/29 O'Connell Street?
The property includes approximately 811 m² of land, providing a sizable footprint for a variety of commercial layouts. This area can accommodate retail, office or light‑industrial configurations.
How well is the site connected to public transport?
Multiple tram stops are situated within about 0.2 km, including Victoria St/Peel St and Queensberry St/Peel St, and Flemington Bridge railway station on the Upfield line lies within the suburb. Numerous bus routes also serve the area, ensuring strong public‑transport accessibility.
Which major roads are close to the property?
The site is adjacent to key arterial roads such as Flemington Road, Elizabeth Street and Victoria Street, offering convenient vehicular access for deliveries and customer traffic.
What nearby amenities can support a retail or service business?
Within a 0.2‑km radius you’ll find the bustling Queen Victoria Market, a city‑edge apartment hotel, a hostel, and several tram stops, all generating foot traffic and complementary services for businesses.
Is the location appropriate for commercial or light‑industrial use?
North Melbourne is recognised for its commercial and older industrial precincts, indicating that the land is situated within an area suitable for business, retail or light‑industrial activities.
What demographic and economic factors make North Melbourne attractive for businesses?
The suburb hosts a young, diverse middle‑class community with a median weekly household income of about $1,236 and strong connectivity to Melbourne’s CBD, providing a ready customer base and workforce for commercial operations.