OVERVIEW

0Cushman & Wakefield City Fringe Sales are excited to present for sale 45 Steel Street, North Melbourne, a magnificent warehouse office in a prime city fringe location poised for significant growth.

Key attributes include:

-Positioned in a rapidly evolving and recently re-zoned precinct only 2.4km north west of the Melbourne CBD, with immediate proximity to Macaulay Train Station (170m*), major arterials and City Link (1km*).

-45 Steel Street is a versatile and future-proof modern warehouse with a total building area of 453sqm* across a 371sqm* land parcel.

-The property comprises column free warehousing with internal kitchenette and bathroom facilities, spacious mezzanine storage area and side laneway access. 

-Significant street frontage of 14.9m*, providing excellent visibility for occupiers or tenants, together with a generous maximum clearance of 8.2 metres*.

-Currently leased to international healthcare solutions and equipment specialist, with a passing net income of $110,000 + GST + Outgoings p.a., providing strong short-term cash flow until 30 June 2025.

-Plans exist for a 3-level extension addition, highlighting significant immediate development potential. Current planning controls have been recently increased to permit for a height limited of 51 metres.

-The amenity rich location provides a superb working environment including Clayton Reserve Park (200m*) multiple cafes within walking distance, Woolworths North Melbourne (300m*), and more.

-Your opportunity to secure a slice of one of Melbourne’s most anticipated urban renewal areas, the Arden Precinct. Primed for owner occupation, astute investment, land banking and development.

For more information, please contact Cushman & Wakefield as the exclusive selling agent.

Cushman & Wakefield

Anthony Kirwan | +61 431 952 430

George Davies | +61 421 799 489

Raphael Favas | +61 435 916 380