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126-128 Errol St 872 SF of Retail Space Available in North Melbourne, VIC 3051
Highlights
- Prominent location in the Errol Street retail and commercial village with strong foot traffic.
- Excellent frontage combined with easy rear access, enhancing operational efficiency.
- Dynamic city-fringe precinct experiencing strong population growth and commercial redevelopment.
- Flexible Commercial 1 Zoning suitable for retail, consulting, and professional uses (STCA).
- Within walking distance to Queen Victoria Market, hospitals, universities, and integrated public transport.
- Opportunity to lease one or both sites for scalability and business flexibility.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 872 SF | 2 Years | $23.42 /SF/YR $1.95 /SF/MO $20,417 /YR $1,701 /MO | TBD |
Ground
Positioned in the heart of North Melbourne’s bustling Errol Street precinct, this commercial leasing opportunity places businesses within a thriving retail and hospitality hub just minutes from the Melbourne CBD. Surrounded by well-established operators, lifestyle amenities, and vibrant residential catchments, the site provides an ideal base for those seeking exposure and connectivity in a premium city-fringe location. The property delivers a highly visible street frontage with strong pedestrian and vehicular flow, supporting a broad range of uses from retail and hospitality to professional service tenancies (STCA). Benefiting from Commercial 1 Zoning, the floor plan offers functional internal space complemented by rear access for operational convenience. Excellent public transport connectivity is available via nearby tram and bus services, while ample on-street parking supports customer accessibility. This address sits within a dynamic urban environment close to major landmarks including Queen Victoria Market, The Royal Melbourne Hospital, The University of Melbourne, and the innovative Arden renewal precinct, offering strategic advantages for businesses requiring proximity to key city and institutional nodes.
- Fully Built-Out as Standard Retail Space
- Shower Facilities
- Demised WC facilities
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 872 SF | Property Subtype | Storefront |
| Property Type | Retail | Gross Leasable Area | 1,238 SF |
| Total Space Available | 872 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 1,238 SF |
About the Property
126-128 Errol Street, North Melbourne, is located in a mixed-use precinct along the Errol Street commercial spine. The properties offer a combined floor area of approximately 160 m² and are zoned Commercial 1 (C1Z). Both buildings provide street frontage onto Errol Street with direct pedestrian exposure and vehicular access from the rear. Each site occupies a land parcel of approximately 96 m². The surrounding area includes a mix of specialty retail, hospitality, and residential developments, with connectivity to major arterials and tram corridors providing access to Melbourne’s CBD, approximately 2 km to the southeast. The immediate vicinity includes established amenities and is part of the urban renewal zone under the Arden-Macaulay Structure Plan supporting long-term growth.
- Storage Space
Nearby Major Retailers
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126-128 Errol St
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