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504-506 Abbotsford Street
North Melbourne VIC 3051
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Sold on 12 Jun 2024

504-506 Abbotsford Street North Melbourne VIC 3051

  • Factory, Warehouse & Industrial
  • 218 m²
  • Sold

North Melbourne Freehold Neighbouring Royal Children's Hospital + Short-Term Income & Upside

  • Perfect to Occupy (Short-term Income)
  • 5 Car Parks On-Site
  • Heart of Health & Biomedical Precinct

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)

504-506 Abbotsford Street, North Melbourne is for sale via Public On-site Auction
on Thursday 13th June 2024 at 12:30PM (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Max Warren
0488 296 892

Chao Zhang
0411 625 068

* Approximately

Property Code: 949

AUCTION

Auction date and time13/06/2024 12:30
Auction locationSee description
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold12 Jun 2024
Floor Area218 m²
Land Area275 m²
ParkingAsk Agent
Property ID2019234078
Category
Last updated  13 Jun 2024
Map for 504-506 Abbotsford Street North Melbourne VIC 3051
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold12 Jun 2024
Floor Area218 m²
Land Area275 m²
ParkingAsk Agent
Property ID2019234078
Category
Last updated  13 Jun 2024

Co-Agents

Dylan Kilner
Dylan Kilner
Stonebridge Property Group VIC
Call
+61 459 396 341
Max Warren
Stonebridge Property Group VIC
Call
+61 488 296 892
Chao Zhang 张超
Stonebridge Property Group VIC
Call
+61 411 625 068

More about 504-506 Abbotsford Street North Melbourne VIC 3051

504-506 Abbotsford Street North Melbourne VIC 3051 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 218 m² and a land area of 275 m². The listing ID for this property is 2019234078.

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