First Time Offered to the Open Market Since 1977 – One of only five Island Sites Remaining within South Melbourne
Stonebridge Property Group is pleased to present for sale Studio York, 75-85 York Street, South Melbourne - one of only five island sites remaining in South Melbourne.
The property is bolstered by a 466 sqm* land parcel with holding income and a planning permit for an iconic 6-level office development.
Key highlights of the property include:
- Rare island site with four street frontages and a direct expansive street presence of 30.51 m* to York Street
- A strategic 466 sqm* of land and building area with a highly leasable existing fit-out
- Holding income to Factory Sound, the long-standing tenant, with a 6-month Notice to Vacate clause
- Existing quality showroom/warehouse building in the heart of South Melbourne’s creative precinct with unrivalled hospitality, retail, and public transport amenities
- Highly versatile building with 4 street-fronting access points and a roller door for side/rear loading
- Planning permit for a 6-level office development with ideal-sized floor plates for leasing or strata sell-down
- Ability to carve the existing building into multiple buildings, noting the multiple access points and street frontages
- Situated directly opposite national retailers, including Beacon Lighting, and sharing a laneway with the famous ST. ALi restaurant café
- First time offered to the open buyer market since 1977
- Positioned to benefit from the amenity on South Melbourne’s strongest retail streets – Home to ST. ALi café (20 m*), Vintage Cellars (280 m*), Bells Hotel (270 m*), Clarendon Street retail (90 m*), Woolworths (270 m*), and the iconic South Melbourne Market (450 m*)
- Strategically connected to the Melbourne CBD (900 m*) via Clarendon Street tram (90 m*) or Kings Way tram (300 m*)
- Ultra-rare opportunity to secure a freehold building in Melbourne’s most in-demand city fringe suburb
Studio York, 75-85 York Street, South Melbourne, is for sale by Expressions of Interest, closing Thursday 10th October 2024 at 2 pm (AEDT).
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
Julian White
0422 764 137
Chao Zhang ??
0411 625 068
Property Code: 1051