401-407 Victoria Street, Abbotsford

TRIPLE FRONTED LAND BACK WITH SIGNIFICANT INCOME & DEVELOPMENT UPSIDE

Jones Real Estate is pleased to present 401-407 Victoria Street, Abbotsford to the market, For Sale via Expressions of Interest closing Wednesday 11th December 2024 at 3pm (AEDT).

Situated in one of Melbourne’s most exciting transitional precincts, Abbotsford, on the doorstep of the CBD. Possessing endless opportunity to accommodate a variety of commercial uses, extremely well suited to passive investors, value add investors, owner occupiers & developers.

Key highlights of this opportunity include:

– Positioned in one of Melbourne’s most sought-after inner-city commercial precincts, this property boasts three separate street frontages to Victoria Street (28m*), Albert Street (34m*) and rear laneway access, making it highly desirable for future development potential.

– Presented as 4 single-storey retail investment properties, this unique offering provides highly versatile and diversified income streams. The strategic design minimizes potential income loss during releasing periods.

– Occupying a prominent corner site of 958sqm*, the property offers a net saleable area of 712sqm*, with individual spaces ranging from 90sqm* to 392sqm*, making it attractive to a variety of business profiles.

– The property includes seven on-site car parks, enhancing convenience and future leasing potential for tenants.

– Serviced by the 109 and 78 tram lines and within walking distance to North Richmond and Collingwood Railway Stations, the property benefits from extensive public transportation options, ensuring easy access for both tenants and customers.

– The local council supports developments up to 7 stories, presenting forward thinking investors with the opportunity to capitalise on long-term growth and maximize returns through future development.

*Approx.

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.