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.

*Approximately