Perfectly positioned on one of Melbourne's most vibrant lifestyle strips, 338 Queens Parade presents a rare opportunity to secure a versatile freehold asset with outstanding scope for both commercial and residential use. This dual-level property combines prominent ground floor retail with an inviting first-floor residence, making it an attractive proposition for investors, owner-occupiers, or those seeking a live-work arrangement in a high-exposure location. Set on approximately 210sqm of land, the property offers a generous internal footprint of around 192sqm across two levels, with the ground floor retail component of 104sqm (approx.) delivering a wide glass frontage to Queens Parade. The space is character-filled, featuring high ceilings, exposed brickwork, polished concrete flooring and excellent natural light, creating an ideal setting for retail, hospitality, or office use. The layout includes two distinct open retail/showroom areas, a storeroom, and a serviceable kitchen space at the rear. Above, the first-floor residence offers 88sqm (approx.) of charming accommodation, accessible via a private entrance. Featuring period detailing, soaring ceilings, and an elegant hallway with arched entry, the home comprises two bedrooms, a spacious living room, kitchen and bathroom. Well-maintained yet with scope to update and add value, it provides flexibility as either a comfortable residence, additional office space, or rental income stream. Adding further appeal is a substantial rear courtyard with separate pedestrian access from the right-of-way. This secure outdoor area features a freestanding pod, offering additional space suited to office use, storage, or studio purposes. The courtyard also provides excellent potential for alfresco trade if utilised for hospitality, or simply as private outdoor amenity for the residence. The property occupies a prime corner position with outstanding exposure to both vehicular and pedestrian traffic. Surrounded by popular cafés, boutique retailers, services, and community amenities, it benefits from a strong local catchment as well as easy access to Melbourne CBD just 4km away. Public transport is at the doorstep with tram services along Queens Parade, while major arterials are close by for convenient connectivity. Key features include: Versatile freehold with mixed-use potential Ground floor retail: 104sqm (approx.) with excellent street presence First-floor residence: 88sqm (approx.) of character accommodation Landholding of 210sqm (approx.) with wide frontage Substantial rear courtyard with ROW access and freestanding pod Outstanding location within a thriving lifestyle precinct 338 Queens Parade is a unique property offering flexibility, character, and opportunity. Whether you are an investor, business owner, or creative entrepreneur, this tightly-held strip location provides a vibrant setting and a secure future.
