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1 Ascot Vale Rd - Only Flemington 2,497 SF Office/Medical Condo Unit in Flemington, VIC 3031
Investment Highlights
- High-profile inner-city location with strong transport links and arterial access.
- Anchored by landmark Only Flemington development, ensuring enduring visibility.
- Integrated opportunity with dense on-site population and consistent footfall.
Executive Summary
1 Ascot Vale Road is a flagship mixed-use high-rise precinct in Melbourne’s inner north, combining residential vibrancy with ground-floor commercial activation. Known as Only Flemington, the project integrates 410 private apartments, 66 serviced accommodation units (Quest), and select retail/consulting/medical spaces, reinforcing the development as a lifestyle and business hub. The building delivers modern design aesthetics, panoramic city views at upper levels, multiple podium amenities for residents, and a robust catchment that includes high-density housing plus visitor inflow from Flemington Racecourse events. Located just 4.8 km from Melbourne CBD with doorstep tram links and excellent arterial connectivity via CityLink, the site represents a premier commercial address in a high-growth corridor. Neighbourhood amenity includes Racecourse Road eateries, health services, boutique retail, educational institutions, and key employment centres, cementing tenant and investor confidence within this integrated community asset.
1 Unit Available
Unit 3-4
| Unit Size | 2,497 SF | No. Parking Spaces | 2 |
| Condo Use | Office/Medical | APN/Parcel ID | 123\PS732002 |
| Sale Type | Investment or Owner User |
| Unit Size | 2,497 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 123\PS732002 |
Description
Shops 3 and 4 form a combined 232 m² ground-floor commercial strata offering within the landmark Only Flemington mixed-use development. Featuring two on-title car spaces, a prominent 20-metre glazed frontage, and a highly flexible open-plan layout, these lots present an adaptable solution for retail, medical, office, or hospitality uses (STCA). Delivered as a cold shell for custom fit-out, the property benefits from NBN FTTN connectivity and strong exposure generated by the building’s integrated retail and lifestyle precinct, which includes 410 apartments and Quest Flemington Central with 66 serviced units. Positioned opposite Flemington Racecourse and within steps of tram services, Showgrounds Station, and major arterials, this strata allocation combines exceptional location, visibility, and development pedigree.
Sale Notes
This offering at 1 Ascot Vale Road provides an outstanding ground-floor commercial opportunity for owner-occupiers or high-yield investors. Positioned prominently in one of Melbourne’s most recognized lifestyle destinations, the property’s 20-metre wide frontage and double-height glazing ensure superior brand exposure complemented by heavy daily foot and vehicle traffic.
With its highly adaptable open-plan layout, the asset caters to retailers, medical practitioners, hospitality operators, and boutique office occupiers seeking premium positioning in an undersupplied corridor. Leveraging the adjacency of 410 residential apartments and Quest serviced accommodation, this property guarantees strong trade inflow from immediate customers alongside event-driven visitation from Flemington Racecourse.
The property features exclusive on-title parking, generous natural light, and connectivity upgrades, securing relevance for contemporary occupiers. Located just 4.8 km from Melbourne CBD, its centrality and zoning compliance underpin robust short-to-long-term value creation for investors and end users alike.
Main floor space
Glass frontage
Shell/core
Wheelchair lift
Property Facts
| Total Building Size | 303,166 SF | Floors | 24 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 12,626 SF |
| Property Subtype | Year Built | 2017 | |
| Building Class | C | Lot Size | 0.75 AC |
| Total Building Size | 303,166 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | C |
| Floors | 24 |
| Typical Floor Size | 12,626 SF |
| Year Built | 2017 |
| Lot Size | 0.75 AC |
Amenities
Site Amenities
- Pool
Presented by
1 Ascot Vale Rd - Only Flemington
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