106-116 Stubbs Street & 57-59 Robertson Street Kensington VIC 3031

Cushman & Wakefield Development Sites are delighted to present for sale 106-116 Stubbs Street & 57-59 Robertson Street, Kensington for sale a rare opportunity to create a piece of history in one of Melbourne's fastest growing precincts, on the doorstep of the Melbourne CBD.

- A premium city-fringe location, Kensington is a uniquely charming suburb with a village-like feel positioned a short 3.1km* from the Melbourne CBD.

- Two adjoining properties spanning a significant 1,531sqm* total site area.

- Rare island site with four (4) street frontages of 161m*combined.

- Current improvements comprise a single level factory office with multiple street access entry points, a spacious car park and a rear corrugated iron clad factory with timber frame structure.

- Strong short term holding rental income of $213,180.87 + GST + Outgoings p.a. to 30 June 2025.

- Favourable Mixed Use Zoning (MUZ) permits a variety of development opportunities including residential, retail, office and hospitality.

- A short walk to Macaulay Train Station (350m*), Kensington Train Station (500m*) and Macaulay Road Shopping Village with convenient arterial access to City Link and the Melbourne CBD.

- Superb development opportunity to deliver a landmark residential and/or mixed-use project in a gentrifying pocket of Melbourne with a median house price of $1,200,000*, (Source: REIV).

*Approximate
*STPA: Subject to Planning Approval

For Sale by International Expressions of Interest closing Thursday 3 October 2024 at 12.00pm (AEST).

Please contact Cushman & Wakefield Development Sites as the exclusive sale agents to request a private inspection, review the legal documentation or discuss the opportunity.

Anthony Kirwan
+61 431 952 430

Joe Kairouz
+61 421 430 638

Leon Ma
+61 417 070 725