1/240-242 Rae Street

Perfectly positioned in one of Fitzroy North's most coveted pockets, this versatile property presents an extraordinary opportunity for those with imagination and vision. Currently configured as an open-plan office space, it offers a superb blank canvas ready to be transformed into a stunning warehouse-inspired residence (STCA), or simply revitalised and enhanced as a creative studio, office, or mixed-use dwelling. Zoned Neighbourhood Residential Zone (NRZ), the property comprises three principal rooms and an open retreat area, ideal foundations for stylish living zones or bedrooms, plus a kitchenette, separate toilet, split-system climate control, carpark on title and an additional parking permit. The flexible layout, combined with immense potential, invites you to design a one-of-a-kind urban sanctuary that blends industrial charm with contemporary sophistication. Please note, this property does not incur any Owners Corporation fees. Whether you choose to create your dream home or value-add to an already character-rich space, your investment is perfectly supported by an unbeatable lifestyle location. Moments from St Georges Road and Nicholson Street trams, Reid Street buses, Fitzroy North Village, and the lush Edinburgh Gardens, this address delivers effortless access to everything that defines vibrant inner-north living.