55 Flemington Road - Chelsea House 376 SF Retail Condo Unit in North Melbourne, VIC 3051

35 m² ground-floor strata retail unit securely leased to a well-established food operator. Located in a high-exposure corner position opposite major hospitals and within walking distance to Melbourne University and CBD amenities. Features strong foot traffic, excellent public transport access, and long-term investment appeal in a tightly held city fringe precinct.

Secure a high-performing retail investment in one of Melbourne’s most vibrant and tightly held northern city fringe precincts. This 35 m² ground-floor strata property is positioned for visibility and occupancy strength, located directly opposite the Royal Melbourne Hospital, Royal Women’s Hospital, and the Peter MacCallum Cancer Centre in the heart of the biomedical and research district.
Currently leased to a well-established kebab takeaway business on a 3-year term with further options, the property generates reliable rental income of $24,720 per annum plus outgoings. Its prime location ensures sustained foot traffic driven by hospital staff, patients, students, and visitors, underpinned by proximity to Melbourne University and the CBD.
Surrounded by a dense network of transport connections, hospitality, and healthcare infrastructure, this property delivers an attractive combination of security, stability, and growth potential—ideal for first-time investors or portfolio expansion in a market with proven rental demand and strong long-term fundamentals.