Substantial 2,177 SQM* Landholding with Significant Improvements & Dual Street Frontages
Stonebridge Property Group is pleased to present for sale 1-3 Bloomburg & 2a Greenwood Streets, Abbotsford.
The property is a single title expansive warehouse and commercial building which provides frontages to both Bloomburg Street and Greenwood Street.
The property is adjoining the high-exposure junction of East Melbourne, Collingwood and Abbotsford and bookended by the Collingwood train station.
Key highlights of the property include:
- Existing improvements comprise a multi-functional warehouse and separate commercial building with a total building area across both buildings of 1,925 sqm*
Despite one title, the property can be described as below.
1-3 Bloomburg Street - Warehouse
- The building comprises a 1,445 sqm* warehouse complete with office accommodation, retail component, and saw tooth roof
- Offered with 10 off-street car parks a rare commodity in an inner-city precinct
- Substantial 1,620 sqm* landholding with significant scope for development upside (STCA)
- Expansive street presence with a combined frontage of 40.21 m* to Bloomburg Street allowing for significant development efficiencies and/or retail activation
- Surplus land over car park may allow lightweight construction of an extension and/or additional building (STCA)
- Offered with flexible short-term holding income until July-2024
2 Greenwood Street – Commercial Building
- A dual level character brick commercial building comprising 480 sqm*
- Offered with eight (8) off-street undercover car parks on title
- Modern commercial fit-out which boasts a high retention rate noting no capital improvement is required
- Expansive frontage to Greenwood Street of 27.34 m* noting further future retail activation could be possible
- Strategic holding income to two tenants - Restless Entertainment & Foster Care Association of Victoria
Total landholding
- Situated in the burgeoning precinct of Abbotsford a precinct defined by converted warehouses, breweries, coffee roasters, bars, restaurants, and national tenants noting McDonalds (adjoining)
- Strategically connected to the Melbourne CBD (1.7 km*) via Victoria Parade, East Melbourne or Collingwood/Victoria Park Train Stations (175 m*)
1-3 Bloomburg & 2a Greenwood Streets, Abbotsford provides an opportunity to purchase a significant land parcel 1.7 km* from the Melbourne CBD to occupy, landbank, re-purpose or develop (STCA).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Max Warren
0488 296 892
Dylan Kilner
0459 396 341
Chao Zhang ??
0411 625 068
*Approximately
Property Code: 780