Stonebridge Property Group is pleased to present 37-41 Grosvenor Street, Abbotsford (corner Southampton Crescent).
37-41 Grosvenor Street is a high-profile corner landholding in a prime inner-city Melbourne precinct – Abbotsford.
The total landholding will be sold as 3 separate lots which can be purchased individually or as a whole.
Noting the zoning and substantial planning reforms throughout the City of Yarra, there is scope to purchase to owner occupy or leverage a favourable development outcome now or with potential zoning changes.
Key highlights of the property include:
- Existing improvements comprise three multi-functional offices/warehouses with a total building area of 985 sqm*. The improvements are bolstered by various roller doors, modern and functional internal fit-outs, no capital improvement required and self-contained amenities across all buildings.
- 37 Grosvenor Street- Building size: 167 sqm*- Land size: 374 sqm*
- 39 Grosvenor Street- Building size: 348 sqm*- Land size: 369 sqm*
- 41 Grosvenor Street & 8 Southampton Crescent- Building size: 470 sqm*- Land size: 503 sqm*
- Substantial 1,246 sqm* total landholding with significant scope for development upside and/or retail activation noting surrounding retail/showroom success (STCA)
- Zoned Industrial 1 (IN1Z) allowing for uses including but not limited to office/commercial, retail, warehouse or a clever combination (STCA), noting many new multilevel residential developments opposite on Grosvenor Street
- Expansive street presence with 36 m* of frontages to Grosvenor Street, plus 40 m* of northern frontage to Southampton Crescent, allowing for significant development efficiencies and/or retail activation
- Various surplus land may allow lightweight construction of an extension and/or additional building (STCA)
- Situated in the highly active eastern end of Abbotsford with immediate access to Supreme Coffee (opposite & adjoining), Carlton United Breweries (CUB), Yarra River Walk, and Victoria Gardens Shopping Centre (700 m*) including IKEA, Coles, Kmart, Freedom and Rebel
- Strategically connected to the Melbourne CBD (2 km*) via Victoria Street Tram and bookended by Collingwood and Hawthorn Train Stations. Alternatively, access is also simple via accessible arterials Barkers Road (100 m*), Johnston Street (200 m*) or Eastern Freeway (1 km*)
- Accompanied by 16+ rare car parks on-site
- Providing holding income across all titles
The property provides an opportunity to purchase a value-add headquarters for an expanding business/s or to secure the next city-fringe landbank opportunity in Abbotsford’s most creative and burgeoning office, retail, and warehouse precinct.
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: 829