47 Russell Street, Abbotsford, VIC 3067

Offices | Retail | Industrial

For Sale Contact the Stonebridge Agent

Auction: Wednesday, Dec 11, 2:30 PM

  • Property ID: 450307
  • Floor Area: 531m²
  • Land Area: 200m²
  • Occupancy: Vacant
531 sqm* Well-Built Office Building with 4 x On-site Car Parks on the Cusp of the Melbourne CBD

Stonebridge Property Group is pleased to present 47 Russell Street, Abbotsford offered for sale via Public On-site Auction.

47 Russell Street, Abbotsford, is a newly constructed and solidly built three-level freehold office building with 4 off-street car parks.

The property benefits from its immediate proximity to the local train station (50 m*) and within walking distance to boutique coffee shops/bars and Victoria Street and Johnston Street retail precincts.

Key highlights of the property include:

- An incredibly well-built 531 sqm* freehold three-level modern building with an expansive roller door and exclusive street access via a separate pedestrian entrance

- A strategic freehold land parcel of 200 sqm* with the ability to add value via re-purpose, re-fit, value-add or development upside (STCA)

- Highly functional internal building with no refurbishment needed boasting lofty ceilings, natural light, polished concrete floors, and modern amenities on all levels allowing for a single operator or multi-tenant strategy

- Dynamic mixed-use location makes it ideal for creative studios, marketing agencies, architect and engineering businesses, start-ups and family businesses, accountancy and legal firms, plus more

- 4 secure undercover car parks or warehouse area with front roller door access, a rarity in this pocket of Abbotsford

- Mixed-in among local boutique operators including Ralph’s Deli (50 m*), Loosie Grind (300 m*), Three Bags Full (350 m*), Au79 (450 m*) and The Park Hotel (450 m*)

- Situated in the highly active area of Abbotsford with immediate access to Stomping Ground (250 m*), Le Bon Ton (450 m*), Woolworths (500 m*) and Bunnings (600 m*)

- Hyper-connected to transport and lifestyle amenity and supported by Collingwood Train Station (50 m*), Hoddle Street bus network (150 m*), Victoria Street retail (500 m*), Johnston Street retail (550 m*) and the Yarra River plus associated trails (500 m*)

Rare opportunity to secure a newly constructed and extremely well-built freehold building in Melbourne’s most in-demand city fringe suburb.

47 Russell Street, Abbotsford is for sale by Public On-Site Auction Wednesday 11th December 2024 at 2:30pm (AEDT). To obtain further information, please contact the exclusive selling agents, Stonebridge Property Group.

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

*Approximately

Property Code: 1133

Abbotsford Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6546 $400 6.11%
Offices $6515 $255 3.91%
Industrial $5889 $182 3.10%
This is the average advertised price, rent and yield for Abbotsford, VIC 3067*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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