North Melbourne Freehold Neighbouring Royal Children's Hospital + Short-Term Income & Upside
Stonebridge Property Group is pleased to present for sale 504-506 Abbotsford Street, North Melbourne via Public On-site Auction.
504-506 Abbotsford Street is situated in the heart of the Health and Melbourne Biomedical Precinct of North Melbourne and as a result, is supported by a range of retail and transport options.
The property is a freehold landholding complemented by a flexible office/warehouse, and bolstered by a short-term income and development upside (STCA).
The key highlights of the property include:
- Ultra-rare 275 sqm* freehold landholding zoned General Residential (GRZ) and bolstered by existing use rights for commercial, retail, office, hospitality or any combined uses (STCA)
- Existing improvements comprise a 218 sqm* warehouse/showroom/office supported with side roller door access, various pedestrian entries, exposed timber trusses and polished concrete floors
- Rare on-site car parking for 5 vehicles
- Situated in an exceptional city fringe location only 1.5 km* from the Melbourne CBD and within the lively Health and Melbourne Biomedical Precinct in North Melbourne. The property is neighbouring the world-leading Royal Children's & Royal Women's Hospitals (opposite), Royal Park Medical (opposite), as well as McDonald's (150 m*) and North Melbourne Primary School (400 m*)
- Hyper-connected to transport and lifestyle amenities and supported by a tram super-hub (opposite), which connects the property to the Melbourne CBD plus inner-north, east & west suburbs. The property is also connected to substantial lifestyle amenities, noting the immediate distance to Royal Park (140 m*)
- Join North Melbourne's dynamic precinct, ideal for occupiers including graphic designers, art galleries, photographers, marketing agencies, architects, builders, developers, sound studios, family offices, engineers, plus more
- Short-term lease currently on a month-to-month arrangement
- Noting freehold title and neighbouring height outcomes of circa 4 levels, the property offers development upside (STCA)
504-506 Abbotsford Street, North Melbourne is for sale via Public On-site Auction
on Thursday 13th June 2024 at 12:30PM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Chao Zhang ??
0411 625 068
* Approximately
Property Code: 949