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19-23 Paramount Rd 1,517 SF Industrial Condo Unit Offered at $858,360 in West Footscray, VIC 3012
Investment Highlights
- Located within a multi-unit industrial-retail complex
- Flexible design suitable for multiple business uses
- Close to public transport and local amenities
- Strong connectivity to Geelong Road and Princes Highway
- Set within Melbourne’s established inner-west trade corridor
Executive Summary
The property at 19-23 Paramount Road comprises a low-rise industrial-retail complex located in West Footscray, approximately 8 kilometers west of Melbourne CBD. The development includes multiple strata units designed for mixed-use purposes, predominantly small scale warehousing, retail, and showroom operations. Positioned near major arterial routes such as Geelong Road and Princes Highway, the site offers streamlined connectivity to Melbourne’s central business district, Port of Melbourne, and surrounding industrial precincts. The immediate area is characterized by diverse commercial uses alongside increasing residential infill development, supporting retail trade and service-related demand.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | PS837988 |
| Cap Rate | 1.08% |
| Sale Type | Investment or Owner User |
| Cap Rate | 1.08% |
| APN/Parcel ID | PS837988 |
Description
Unit 13 is part of a well-positioned industrial and retail complex at 19-23 Paramount Road in West Footscray. This strata-titled property offers approximately 141 m² of internal space, designed for flexible use across retail, storage, showroom, or light manufacturing applications. Featuring a practical open-plan layout, the property supports a range of operational requirements.
The complex benefits from high visibility and accessibility within an established commercial area. Surrounding infrastructure includes arterial links to Geelong Road and the Princes Highway, enabling efficient connectivity to Melbourne CBD and the broader western industrial precinct. Close to neighborhood shopping, services, and public transport, the location combines convenience with strong commercial growth momentum, providing value for owner-occupiers and investors alike.
The complex benefits from high visibility and accessibility within an established commercial area. Surrounding infrastructure includes arterial links to Geelong Road and the Princes Highway, enabling efficient connectivity to Melbourne CBD and the broader western industrial precinct. Close to neighborhood shopping, services, and public transport, the location combines convenience with strong commercial growth momentum, providing value for owner-occupiers and investors alike.
Sale Notes
This sale offering at Unit 13, 19-23 Paramount Road, represents a significant opportunity to acquire a versatile industrial-retail asset in Melbourne’s inner-west. Offering 141 m² of adaptable space, the property accommodates a variety of business functions, from showroom and retail to warehousing or storage, within a modernized business environment.
Located in a busy commercial corridor, the property provides excellent exposure and accessibility, delivering long-term operational benefits. Its position near major road networks, including Geelong Road and key arterial routes, simplifies freight logistics and customer access while maintaining close proximity to Melbourne CBD. Surrounded by a mix of retail trades, light industrial businesses, and rapidly growing residential development, the area is undergoing continuous commercial evolution, presenting upside for future demand.
This strata industrial unit is well-matched for business operators seeking convenience alongside robust infrastructure or investors looking for a property in a strengthening market segment. With limited availability of similar properties in established inner-west locations, this is an appealing opportunity to secure a strategic asset.
Located in a busy commercial corridor, the property provides excellent exposure and accessibility, delivering long-term operational benefits. Its position near major road networks, including Geelong Road and key arterial routes, simplifies freight logistics and customer access while maintaining close proximity to Melbourne CBD. Surrounded by a mix of retail trades, light industrial businesses, and rapidly growing residential development, the area is undergoing continuous commercial evolution, presenting upside for future demand.
This strata industrial unit is well-matched for business operators seeking convenience alongside robust infrastructure or investors looking for a property in a strengthening market segment. With limited availability of similar properties in established inner-west locations, this is an appealing opportunity to secure a strategic asset.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 3 | 1,517 SF | Industrial | $858,360 ($565.83/SF) | $9,298.90 |
Unit 3
| Unit Size |
| 1,517 SF |
| Condo Use |
| Industrial |
| Price |
| $858,360 ($565.83/SF) |
| NOI |
| $9,298.90 |
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Unit 3
| Unit Size | 1,517 SF |
| Condo Use | Industrial |
| Price | $858,360 ($565.83/SF) |
| NOI | $9,298.90 |
| Sale Type | Investment or Owner User |
| Cap Rate | 1.08% |
| APN/Parcel ID | PS837988 |
| Description | |
| Unit 13 is part of a well-positioned industrial and retail complex at 19-23 Paramount Road in West Footscray. This strata-titled property offers approximately 141 m² of internal space, designed for flexible use across retail, storage, showroom, or light manufacturing applications. Featuring a practical open-plan layout, the property supports a range of operational requirements.<br> The complex benefits from high visibility and accessibility within an established commercial area. Surrounding infrastructure includes arterial links to Geelong Road and the Princes Highway, enabling efficient connectivity to Melbourne CBD and the broader western industrial precinct. Close to neighborhood shopping, services, and public transport, the location combines convenience with strong commercial growth momentum, providing value for owner-occupiers and investors alike.</li></ul> | |
| Sale Notes | |
| This sale offering at Unit 13, 19-23 Paramount Road, represents a significant opportunity to acquire a versatile industrial-retail asset in Melbourne’s inner-west. Offering 141 m² of adaptable space, the property accommodates a variety of business functions, from showroom and retail to warehousing or storage, within a modernized business environment.<br> Located in a busy commercial corridor, the property provides excellent exposure and accessibility, delivering long-term operational benefits. Its position near major road networks, including Geelong Road and key arterial routes, simplifies freight logistics and customer access while maintaining close proximity to Melbourne CBD. Surrounded by a mix of retail trades, light industrial businesses, and rapidly growing residential development, the area is undergoing continuous commercial evolution, presenting upside for future demand.<br> This strata industrial unit is well-matched for business operators seeking convenience alongside robust infrastructure or investors looking for a property in a strengthening market segment. With limited availability of similar properties in established inner-west locations, this is an appealing opportunity to secure a strategic asset.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 14,294 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 1,292 SF |
| Property Subtype | Warehouse | Lot Size | 4.84 AC |
| Building Class | C |
| Total Building Size | 14,294 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 1,292 SF |
| Lot Size | 4.84 AC |
Amenities
- Automatic Blinds
- Storage Space
1 1
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Street
Map
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19-23 Paramount Rd
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