251 Victoria Street, Abbotsford

HIGH-EXPOSURE FREEHOLD WITH SHORT-TERM INCOME & FUTURE UPSIDE

Jones Real Estate is pleased to present 251 Victoria Street, Abbotsford, to the market, For Sale via Deadline Private Sale closing Thursday 18th June 2026 at 12.30pm (AEST).

Strategically positioned within one of Melbourne’s most tightly held city-fringe precincts, this high exposure freehold presents a compelling opportunity for investors and owner-occupiers seeking secure short-term holding income with the ability to unlock value in the near to medium term.

Improved with a functional two-level building and underpinned by Commercial 1 Zoning, the property provides immediate income while offering flexibility for future occupation, re-leasing or value-add repositioning (STCA).

The current lease profile delivers holding income through to October 2026, allowing incoming purchasers to benefit from cash flow while planning and executing a value-add or repositioning strategy.

Key highlights include:

– Functional 116sqm* two-level building with rear laneway access and two off-street car parks, suited to flexible occupation, repositioning or future value-add potential.

– Scarce inner-city landholding within one of Melbourne’s most tightly held city-fringe precincts.

– High-exposure Victoria Street frontage within a tightly held inner-city retail and lifestyle precinct.

– Net income of $67,338 p.a. + GST providing immediate holding income.

– Lease expiry October 2026, offering a clear pathway to occupy, re-lease or reposition.

– Blue-chip city-fringe location just 3km* from the Melbourne CBD, positioned within a thriving creative and retail precinct ideal for showroom and studio-style occupiers, with tram connectivity at the doorstep (Route 109) and immediate access to North Richmond Station.

– Seamless connectivity to Hoddle Street, Eastern Freeway and Monash Freeway (M1), with walking access to Victoria Gardens Shopping Centre and surrounding lifestyle amenity.

– Future value-add, occupation or repositioning potential within a high-demand inner-city location.

– Commercial 1 Zone (C1Z) providing long-term flexibility for a range of future commercial outcomes.

*Approx.
STCA – Subject to Council Approval

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.