Historic Parkville Post Office and postmaster’s residence for sale

The distinctive Parkville Post Office and adjoining five bedroom postmaster’s residence, in Melbourne’s inner north, is for sale.

Still occupied by Australia Post, which sold it over 20 years ago to the current vendors – the c1889 complex at 69 Fitzgibbon Street is expected to trade for between $3.6-$3.9 million at auction next month.

The building sits on a 510 square metre block at the south west corner of Bayles Street, within the revered University High School zone.

Parkville is three kilometres from the city.

The property is expected to pique the interest of other investors: it currently returns $72,000 from the retail and residential components.

Private buyers which might consider converting 69 Fitzgibbon Street into a luxury home are also expected to be on the radar.

Woodards selling agents Glenn Bartlett is promoting that the building retains period detail, a grand arched hallway, marble fireplace, high ceilings and off street parking.

The post office and residence could also lend itself to a refit and possible extension, opening it up as an opportunity for developers.

In 2012, the Baillieu government sold the c1878 Parkville Police Station site at 155 Royal Parade for $5.5 million to a developer which built an apartment complex on a vacant tract of the then 1802 sqm block.

Developers built flats at the rear of the historic Parkville Police Station which sold in 2012. Any incoming purchaser of the Parkville Post Office and postmaster’s residence site (top) could consider that, too.
Australia Post sold the building to its landlord 20 years ago. It is now a month to month tenancy.
One of the five bedrooms within the unrenovated postmaster’s residence component of 69 Fitzgibbon Street, Parkville.
The property (outlined) relative to the University of Melbourne and Royal Melbourne Hospital. The Parkville train station, part of the $11 billion Metro Rail project, is under construction between those two sites.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.