Property Description

Iconic Melbourne City Fringe Office Freehold & Value Add Opportunity With Income

The ultimate commercial package – suiting value add investors, developers, owner occupiers and speculators.

Fitzroys is delighted to offer this exciting re-positioning opportunity in Melbourne’s highly sought after city fringe office market.

Key Features Include:

• Commanding 5-level part refurbished building of 6048sqm*/NLA with 3 street frontages in Yarra River precinct
• Large light filled average floor plate sizes of 1,210sqm*
• Former Kodak Factory with unique and timeless design, complimented by refurbishment of some floors and ground level foyer.
• Partially leased (28%) to single tenant ASX-listed Starpharma
• 3 adjoining warehouses of 895sqm* offering office/car park development potential
• Total land area of 3,099sqm* (2,108sqm* + warehouses of 991sqm*)
• Total passing income of $720,000 per annum
• Fast gentrifying Abbotsford commercial office, residential and retail market near Victoria Gardens Shopping Centre, public transport, Yarra River trail & only 3kms* to the Melbourne CBD
• 0 Star NABERS Energy Rating

AVAILABLE INDIVIDUALLY OR IN ONE LINE

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 5TH DECEMBER AT 1PM

In conjunction with CBRE.

*Approx.