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158 Barkly St - The Royal Hotel 635 SF Office Condo Unit Offered at $455,141 in Footscray, VIC 3011
Investment Highlights
- Iconic heritage building with historic architectural character in the heart of Footscray CBD.
- Multiple ground-floor retail tenancies with strong street presence and high ceilings.
- Excellent connectivity with tram stop at the doorstep and Footscray Station nearby.
- Prominent corner location at Barkly and Droop Streets, offering exceptional visibility.
- Surrounded by a vibrant mix of retail, dining, and commercial services.
- Situated in a rapidly developing precinct benefiting from ongoing urban renewal and infrastructure investment.
Executive Summary
The Royal Hotel is an iconic heritage building in the heart of Footscray’s CBD, positioned at the corner of Barkly and Droop Streets. Known for its historic façade and architectural character, the property combines heritage charm with modern retail and commercial functionality. Surrounded by a vibrant mix of shops, dining, and services, the building offers excellent exposure, strong foot traffic, and immediate access to public transport, including trams and Footscray Station. Ground-floor tenancies feature prominent street frontage and high ceilings, making the Royal Hotel a distinctive and highly visible destination within one of Melbourne’s fastest-growing urban hubs.
Property Facts
| Total Building Size | 9,322 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 9,322 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1873 |
| Building Class | B | Lot Size | 0.24 AC |
| Total Building Size | 9,322 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 9,322 SF |
| Year Built | 1873 |
| Lot Size | 0.24 AC |
Amenities
- Corner Lot
- Recessed Lighting
- Air Conditioning
1 Unit Available
Unit 8
| Unit Size | 635 SF | Sale Type | Investment |
| Price | $455,141 | Cap Rate | 6.10% |
| Price Per SF | $716.76 | NOI | $27,763.60 |
| Condo Use | Office | APN/Parcel ID | 8\PS631048 |
| Unit Size | 635 SF |
| Price | $455,141 |
| Price Per SF | $716.76 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| NOI | $27,763.60 |
| APN/Parcel ID | 8\PS631048 |
Description
Shop 8 is a ground-floor retail tenancy located within the historic Royal Hotel building in the heart of Footscray’s Central Business District. The space offers approximately 59 square meters of open-plan layout, providing flexibility for a variety of retail or service-based uses.
The shop features excellent street frontage along Barkly Street, ensuring strong visibility to both pedestrian and vehicular traffic. Positioned at the corner of Barkly and Droop Streets, the property benefits from high foot traffic, a tram stop at the doorstep, and proximity to a major pedestrian crossing.
The tenancy is currently leased on a monthly basis, generating consistent rental income, and includes large display windows that maximize natural light and branding opportunities. Surrounding businesses include a mix of retail, dining, and essential services, creating a vibrant commercial environment.
This space is ideal for retailers seeking a high-exposure location in a rapidly developing precinct with excellent connectivity to public transport and Melbourne’s CBD.
Sale Notes
Positioned within the historic Royal Hotel building, this retail property offers a rare investment opportunity in the heart of Footscray’s bustling CBD. The asset benefits from exceptional exposure at the corner of Barkly and Droop Streets, a location characterized by strong pedestrian activity and immediate access to public transport, including a tram stop at the doorstep. The surrounding area is a vibrant commercial hub with a mix of retail, dining, and service-based businesses, ensuring consistent foot traffic and visibility.
The property is currently tenanted, providing an immediate income stream with a monthly lease in place. Its open layout and prominent frontage enhance its appeal for a variety of retail uses, while the heritage character of the building adds long-term value. Investors will appreciate the property’s connectivity to major arterials and proximity to Footscray Station, which links directly to Melbourne’s CBD. With ongoing urban renewal and infrastructure investment in Footscray, this property represents a secure foothold in a high-demand market with strong growth potential.
Shop 8 Retail Space
Shop 8 Retail Space
Shop 8 Retail Space
Kitchenette
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158 Barkly St - The Royal Hotel
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