Colliers International is pleased to present 271-273 Macaulay Road, North Melbourne; held by the same family for 36 years. A highly versatile warehouse offering, positioned in the Arden Urban Renewal Precinct, walking distance to the new Metro Rail Network (under construction) and on the cusp of Melbourne's CBD.
THE OFFERING
- Expansive land parcel of 613sqm, dual frontages and multiple points of access;
- Versatile, character warehouses plus office and full amenities spanning a total 608sqm GBA;
- Sought-after Commercial 1 Zone provides flexibility for a multitude of future uses including office, retail, residential and accommodation (STCA);
- High-exposure building is primed for repositioning; boasts multiple tenancy options, clear-span workspaces and business signage potential (STCA);
- Offered with Vacant Possession.
THE LOCATION
- Located 2.5km north west of the Melbourne CBD, the precinct is dotted with parklands, destination cafes, pubs and has been a focal point of recent activity;
- Macaulay Road bounds North Melbournes famous Arden Street Oval and is now home to the suburbs first full-line Woolworths supermarket;
- Linkage to Melbournes public transport network, including Macaulay Train Station (130m) providing direct access to the CBD.
FUTURE PROOF
- Set to benefit from the Arden Urban Renewal, accommodating for an additional 34,000 jobs and 15,000 residents across the precinct by 2051*.
- Metres from the Metro Rail Network, Victoria's largest infrastructure project; at a total cost of $11b, the project is currently under construction and slated for delivery by 2025;
- The new North Melbourne Train Station will provide a link to the University and Biomedical Precincts, along with a cross-town connection further solidifying North Melbourne's status as a future proof location;
A blank canvas warehouse in the Arden Precinct and the first time offered in 36 years, an opportunity not to be missed.
*data sourced from the Victorian Planning Authority (VPA).
*approx.
To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents.
ALEXANDER LEGGO | +61 432 053 747
TOM ISAKSSON | +61 422 154 570
JACK KELLIHER | +61 437 844 336
