16 Molesworth St

North Melbourne VIC 3051

200 m²

143 m²

House

Currently for sale - view listing

Overview

Historic Corner Gem, $90k+ Return

Offers invited! Discover a captivating blend of opportunity and character in this historic shop and residence, established in 1885. Located on a prominent corner in the vibrant heart of North Melbourne, this property offers incredible potential for your next business or living space. Ground Floor Delight: Enter the expansive ground floor, traditionally used as a retail space, which includes a convenient butler's kitchenette, a kitchen, and a bathroom. This level features three bedrooms in total, with a sunlit garden retreat at the back! The flexible layout includes a separate bedroom along with a versatile second room that can serve as an additional bedroom or office, ideal for adaptable living and working arrangements. Upper Level Sanctuary: Ascend through your own elegant entrance to reach the welcoming upper level, designed for comfortable living. Currently tenanted, this level features three spacious bedrooms, including a luxurious main suite with its own ensuite. The well-thought-out layout encompasses separate living and dining areas, perfect for relaxation and entertaining, enhanced by a charming balcony that provides breathtaking views of the city skyline. Limitless Potential: With three distinct entrances, the possibilities are endless! Both levels of the dwelling can be rented out separately, allowing you to choose to live downstairs while receiving rental income from the upper level. Whether you envision transforming it into a complete residence, living on the ground floor while renting out the upper level, or creating a dynamic mix of office, retail, and residential spaces, this property accommodates all your aspirations. Prime Location: Situated within the University High School zone and just moments from Errol Street's lively café scene, Royal Park, and the iconic Queen Victoria Market, you're only a short stroll from the CBD. This exceptional opportunity is one you won't want to overlook! Schedule your inspection today and explore the myriad possibilities that await at 16 Molesworth Street!