Stonebridge Property Group is pleased to present 41 Grosvenor Street, Abbotsford (corner Southampton Crescent).

41 Grosvenor Street is 100% leased corner freehold office/warehouse in Melbourne’s burgeoning inner-city precinct – Abbotsford.

The property has a renewed lease to a longstanding tenant (occupied since 2017) plus rear land (known as 8 Southampton Crescent) utilised as car parking for 7 vehicles.

Key highlights of the property include:

• 100% leased to longstanding tenant Unreal Fur Pty Ltd who have occupied the property since 2017 on a renewed lease term. The tenants have options until 2029
• Annual rent of $156,290 net per annum (less land tax)
• Existing improvements comprise modern office/warehouse with renovated polished concrete floors, and several access points including roller large automatic roller door, showroom and high-clearance warehouse.
• Substantial 503 sqm* landholding with significant scope for development upside (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 40 m* of northern frontages to Southampton Crescent plus 12 m* of frontage to Grosvenor Street, Abbotsford 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), Carlton United Breweries (CUB), Yarra River Walk, and Victoria Gardens Shopping Centre including IKEA, Coles, Kmart, Freedom and Rebel.
• Strategically connected to the Melbourne CBD (2 km*) via Victoria Street Tram and bookened 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 7+ rare car parks on-site
• 41 Grosvenor Street provides an investment opportunity to purchase a secure inner/city office/warehouse in a precinct earmarked for exponential growth

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

*Approximate