504-506 Abbotsford Street, North Melbourne, VIC 3051

Industrial | Offices | Development/Land

Sold

  • Property ID: 444367
  • Floor Area: 218m²
  • Land Area: 275m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 13/06/2024 218m2 275m2 Contact Agent
North Melbourne Freehold Neighbouring Royal Children's Hospital + Short-Term Income & Upside

Stonebridge Property Group is pleased to present for sale 504-506 Abbotsford Street, North Melbourne via Public On-site Auction.

504-506 Abbotsford Street is situated in the heart of the Health and Melbourne Biomedical Precinct of North Melbourne and as a result, is supported by a range of retail and transport options.

The property is a freehold landholding complemented by a flexible office/warehouse, and bolstered by a short-term income and development upside (STCA).

The key highlights of the property include:

- Ultra-rare 275 sqm* freehold landholding zoned General Residential (GRZ) and bolstered by existing use rights for commercial, retail, office, hospitality or any combined uses (STCA)

- Existing improvements comprise a 218 sqm* warehouse/showroom/office supported with side roller door access, various pedestrian entries, exposed timber trusses and polished concrete floors

- Rare on-site car parking for 5 vehicles

- Situated in an exceptional city fringe location only 1.5 km* from the Melbourne CBD and within the lively Health and Melbourne Biomedical Precinct in North Melbourne. The property is neighbouring the world-leading Royal Children's & Royal Women's Hospitals (opposite), Royal Park Medical (opposite), as well as McDonald's (150 m*) and North Melbourne Primary School (400 m*)

- Hyper-connected to transport and lifestyle amenities and supported by a tram super-hub (opposite), which connects the property to the Melbourne CBD plus inner-north, east & west suburbs. The property is also connected to substantial lifestyle amenities, noting the immediate distance to Royal Park (140 m*)

- Join North Melbourne's dynamic precinct, ideal for occupiers including graphic designers, art galleries, photographers, marketing agencies, architects, builders, developers, sound studios, family offices, engineers, plus more

- Short-term lease currently on a month-to-month arrangement

- Noting freehold title and neighbouring height outcomes of circa 4 levels, the property offers development upside (STCA)

504-506 Abbotsford Street, North Melbourne is for sale via Public On-site Auction
on Thursday 13th June 2024 at 12:30PM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Chao Zhang ??
0411 625 068

* Approximately

Property Code: 949

North Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $7113 $137 1.93%
Offices $5252 $338 6.44%
Retail $5832 $137 2.36%
This is the average advertised price, rent and yield for North Melbourne, VIC 3051*

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:

  • 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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