Industrial | Offices | Showrooms

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)

- Situat...