Power Commercial and Vinci Carbone are pleased to be able to offer for sale this substantial inner city industrial holding comprising a part two-level office warehouse of over 4,100 sqm of almost 5,600 sqm of land. This exceptional property benefits from two street frontages and a secondary frontage to Gilpin Park.
The availability of this property offers the astute buyer the opportunity to take advantage of the existing improvements with the possibility of redeveloping the property in due course or even potentially re-zoning the land to a higher and better use such as residential (STCA).
Key highlights:
Generous Landholding: 5,580 sqm* of Industrial 1 zoned land with frontages to Dawson Street and Pearson Street.
Parkland Frontage: In addition to two excellent street frontages the property also benefits from an extensive park frontage of 143 metres*.
Holding Income: $145,170 per annum* plus GST partly leased to Metropolis Metering Services Pty Ltd expiring 31 January 2025, plus a further option to 31 January 2026.
Refurbishment Potential: Significant improvements of 4,105 sqm* with potential to re-purpose or refurbish for owner occupation (STCA).
Redevelopment Opportunities: Ideal opportunity to redevelop a new facility under the current zoning or potentially rezone the land for high density residential use (STCA).
Corporate Neighbours: Be part of a thriving business hub, surrounded by esteemed companies such as Whitehill & Co, National Storage, AutoNexus and RMIT University, who have chosen this prime location for their Melbourne operations due to its unparalleled accessibility and convenience.
For Sale by Expressions of Interest closing Wednesday 18 September at 4pm