98 Thistlethwaite Street, South Melbourne, VIC 3205

Offices | Industrial | Showrooms

For Sale Contact the Stonebridge Team

  • Property ID: 450305
  • Floor Area: 560m²
  • Land Area: 308m²
  • Occupancy: Vacant
The South Melbourne Warehouse You Have Been Waiting For – 4.5 M* Clearance Roller Door and Future Residential Development Potential (STCA)

Stonebridge Property Group is pleased to present 98 Thistlethwaite Street, South Melbourne, for sale via Expressions of Interest campaign.

98 Thistlethwaite Street is a highly versatile freehold office& warehouse in arguably South Melbourne’s most sought-after commercial/retail precinct.

Key highlights of the property include:

- A prime 560 sqm* city fringe freehold office/warehouse bolstered by a 4.5 m* clearance roller door, plus 2 x separate access points to the first floor via pedestrian and warehouse entrances

- Strategic 308 sqm* landholding zoned Capital City 1 (CCZ1) providing scope for a variety of uses including office, warehouse, residential, retail, medical, hospitality and/or other specialty uses (STCA)

- Possible uses under the Capital City 1 Zone: accommodation, art and craft centre, automated collection point, bank, childcare centre, cinema-based entertainment facility, department store, display home, dwelling, education centre, home based business, informal outdoor recreation, minor sports and recreation facility, motel, office, place of assembly, railway station, retail premises, residential aged care facility, residential hotel, shop, supermarket, tramway

- Highly functional internal building with no refurbishment needed. Existing improvements offer a large ground floor warehouse/factory, a meeting room, six separate offices and modern kitchen amenities with ample natural light

- Ability to split into multiple tenancies via 2 x existing separate access points and sprawling Thistlethwaite Street frontage

- Short-term holding income ideal for owner occupiers and suited the following businesses: graphic designers, marketing agencies, architects, builders, developers, sound studio, family offices, engineers and more

- Positioned to benefit from the amenity rich pocket with blue-chip cafés and hospitality all within walking distance - Golden Fleece Hotel (100 m*), Montague Light Rail Station (230 m*), Foxtrot Café (350 m*), Westside Ale Work (130 m*), the famous Railway Club Hotel (600 m*), Rubira’s (500 m*) and South Melbourne Market (500 m*)

- 308 sqm* landholding with zoning that has a flexible height limit of 8 levels (STCA), creating the opportunity for future development upside or exit strategy

Rare opportunity to secure a freehold warehouse/office building in one of Melbourne's most in demand city fringe suburbs.

98 Thistlethwaite Street, South Melbourne is for sale via Expressions of Interest closing Thursday 12th December 2024 at 2pm (AEDT). 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: 1132

South Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $5392 $575 10.66%
Retail $10124 $420 4.15%
Industrial $4482 $247 5.51%
This is the average advertised price, rent and yield for South Melbourne, VIC 3205*

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

Days on Market data for Offices 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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