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39 Elizabeth St 1,614 SF Office Condo Unit Offered at $578,960 in Kensington, VIC 3031
Investment Highlights
- Located within the City of Melbourne, close to schools including Kensington Primary and Mount Alexander College.
- Strong digital infrastructure with NBN FTTC and reliable 5G coverage.
- Just steps from bus and train connections for rapid CBD access.
- Walkable to local cafés, retail, and leisure options supporting lifestyle appeal.
Executive Summary
39 Elizabeth Street, Kensington, VIC 3031 is a property positioned within Melbourne’s local government area, with current land use listed as non-residential on Lot 1 PS536188. The site comprises approximately 499 square meters with an estimated 74 square meter building footprint and approximately 15% site coverage. The property does not sit within any bushfire, heritage, or flood overlays. Ground elevation is approximately 7 meters. Internet infrastructure includes NBN Fibre to the Curb connectivity with eligibility for Fibre to the Premises upgrade.
1 Unit Available
Unit 1A
| Unit Size | 1,614 SF | Condo Use | Office |
| Price | $578,960 | Sale Type | Investment |
| Price Per SF | $358.71 |
| Unit Size | 1,614 SF |
| Price | $578,960 |
| Price Per SF | $358.71 |
| Condo Use | Office |
| Sale Type | Investment |
Description
Boutique two-level commercial property offering an adaptable layout suitable for office, showroom, or creative workspace uses. The building includes a ground-floor showroom/meeting area with a convenient kitchenette and a first-floor open-plan office benefiting from natural light and access to a private outdoor terrace.
Sale Notes
Positioned within one of Melbourne’s inner-city lifestyle hubs, 39 Elizabeth Street offers a unique landholding of approximately 499 square meters within Kensington’s established residential fabric. The site provides a rare opportunity for owner-occupiers or developers seeking to capitalize on proximity to the Melbourne CBD. Current land use is non-residential, creating flexibility for future reconfiguration or redevelopment subject to council approval.
The property benefits from connectivity via multiple transport options, including nearby Kensington and Macaulay train stations, as well as tram and bus routes. The area is highly accessible to major arterials such as CityLink and Dynon Road, facilitating swift access across the metropolitan network. Kensington itself blends village charm with urban convenience, supported by retail, dining, schools, and community amenities. Notably, the property sits outside bushfire, flood, or heritage overlays and has established NBN Fibre to the Curb and 5G mobile coverage for future-proof connectivity.
Whether approached as a renovation prospect, a redevelopment site, or a long-term hold, this property aligns with the strong demand trend for Kensington homes, which have seen steady capital growth and robust rental yields.
GRND interior
GRND interior
Back of building
Property Facts
| Total Building Size | 6,135 SF | Typical Floor Size | 1,507 SF |
| Property Type | Office (Condo) | Lot Size | 0.12 AC |
| Building Class | C | Parking Ratio | 1.1/1,000 SF |
| Floors | 2 |
| Total Building Size | 6,135 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,507 SF |
| Lot Size | 0.12 AC |
| Parking Ratio | 1.1/1,000 SF |
Presented by
39 Elizabeth St
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