350 Macaulay Road, Kensington, VIC 3031

Offices

For Lease

  • Property ID: 442984

Fitzroys is delighted to bring to market for lease an opportunity within the Local Kensington project
This will be the first retail presence within the landmark Build to Rent precinct provides the opportunity to support a growing residential, construction and office population, as well as drawing customers from the broader area.
Key features include:
Retail 1 – Food & Beverage opportunity: 100sqm*Corner tenancies with direct street accessGreat natural light and soaring ceiling heights of 5mAttractive incentives on offer for the right operatorIdeally located off Macaulay Road and only metres from Macaulay StationRare opportunity to get in early and be part of this landmark precinctProject consisting of 477 apartments with a mix of studio, 1, 2 and 3-bedroom apartmentsEquipped with essential food and beverage amenities, including a grease trap and 3-phase powerConvenient proximity to City Link and Racecourse Road, ensuring easy accessibility to surrounding areas
About Local: Residential
Local: is a Melbourne-born business who creates and manages apartments just for renters.
Local: believes in strengthening communities by using its homes to deliver positive change. It is giving Australians the chance to live and belong in places they want to, for as long as they like.
Local: does this by designing buildings with the climate in mind, to operate sustainably now and into the future building homes with top notch amenities (think pools and private dining rooms) for the people who choose to live with us to treat as their own choosing well-connected locations in great neighborhoods where they can become part of already thriving communities.
Local: currently has over 1,300 apartments under construction across three great locations in Kensington, South Melbourne and Box Hill.
*Approx.

Kensington Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $227 ---
Industrial $3634 $144 3.97%
Retail $3634 $254 6.99%
This is the average advertised price, rent and yield for Kensington, VIC 3031*

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

Days on Market data for Offices in VIC for Lease

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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