480 Racecourse Road, Flemington, VIC 3031

Industrial | Development/Land

For Sale Contact Agent

  • Property ID: 409474
  • Floor Area: 148m²
  • Land Area: 163m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
A FRONT RUNNER ASSET

POINT OF INTEREST:

One glance at the location and you’ll understand why this is a rare commercial commodity. Sitting inside one of Melbourne’s most sought-after zonings, this is a standalone warehouse that stands out from bustling Racecourse Road. The asset is made up of 163 sqm* of land and 148 sqm* of existing warehouse space ready to service any occupier needs you may have, conveniently equipped with dual access to the property from the main road or the rear laneway. The potential uses for the site are endless thanks to the Commercial 1 zoning, but so are the exposure opportunities with signage on display to thousands of passing cars daily. If you’re in the market to build in one of Melbourne’s most energetic inner-city areas, there’s plenty of development potential here to establish your business hot out of the gate.

- 163 sqm* land area.
- 148 sqm* building area.
- Commercial 1 zoning.
- Rear ROW
- 57 m* from the 57 tram stop.
- 450 m* from Newmarket railway station.
- 1.1 km* from the Citylink.
- 4.5 km* from Melbourne CBD.

POINT OF VIEW:
A successful wager needs three things; a drive to win, unbridled confidence, and a leap of faith. This is an investment opportunity in a neighbourhood known for wealth creation and an easy bet with all signs pointing to a winning ticket.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Upon settlement
  • Car Spaces: N/A
  • Condition: Very Good
  • Air Conditioning: N/A
  • Floors: Concrete
  • Lifts: N/A
  • Height: 4m (approx)
  • Car Parking Fees: N/A
Outgoings
  • Water Rates: $958.76 per annum (approx)
  • Land Tax: $625 per annum (approx)(single holding)
  • Council Rates: $3,539.83 per annum (approx)
Flemington Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $8824 --- ---
Retail --- $174 ---
Industrial $8297 --- ---
This is the average advertised price, rent and yield for Flemington, VIC 3031*

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

Days on Market data for Industrial 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:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 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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