1-3 Cobden Street North Melbourne VIC 3051

Stonebridge Property Group is pleased to present for sale 1-3 Cobden Street, North Melbourne.

The key highlights of the opportunity include:

- 1-3 Cobden Street stands as one of Australia's most attractive city fringe freehold investments with unrivalled fundamentals and a position set for immense growth

- The unmissable building enjoys 32 m* of combined corner frontage providing valuable business exposure and an added level of flexibility for future development outcomes (STCA)

- 100% leased by hospitality institution 'Yeonga Korean BBQ' the highly coveted tenant has occupied the property for over a decade, boast a huge following & a 4.5-star rating from 1,200+ Google reviews

- The property is leased on a 5-year term with favourable fixed 4% annual increases

- Favourable zoning, significant height precedent and potential site access by 2032 provide exciting future development/land bank opportunities (STCA)

- Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion Queen Victoria Market upgrade that is expected to deliver 4000 new jobs and 20,000 new residents - an exciting driver of retail trade for local business

- Positioned on the edge of the CBD grid, just 50 m* from the globally recognized Queen Victoria Markets (that enjoys 10,000,000+ visitors annually) and 650 m* from the Melbourne Central Train Station

- Benefiting from one of Melbourne's most generous zonings (Capital City Zone 5) - Schedule 61 to the Design and Development Overlay allows for a height limit on the site of 8-levels (24 m*)

1-3 Cobden Street, North Melbourne is offered for sale via Public On-site Auction Thursday 31st August 2023 at 1:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Sarah Xi
0468 320 297
sarahxi565

Max Warren
0488 296 892

Rorey James
0439 400 081

*Approximately

Property Code: 730