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) 

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

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