High Yielding Investment with Alternate Development Upside
Large riverside land parcel of 3,880m²*
Current rental $1,070,815 plus GST p.a
100% Leased, Enormous Development Upside
Colliers Melbourne City-Fringe Sales Team are please to present 38 Grosvenor Street, Abbotsford, a high quality 100% leased passive investment with substantial value-add and alternate development potential (STCA), all while positioned on the Yarra River in the city-fringe suburb of Abbotsford.
For Sale by Expressions of Interest closing Wednesday 6th of December at 2pm.
• Prominent inner-city four level freehold car park comprising 472 cars • Underlying landholding of 3,880m² with dual street frontages totalling 127m* • 100% leased to a high-quality mix of National, Government and ASX listed tenants, including CUB, Starpharma and Australia Post. • Varying lease profile provide opportunity for part owner-occupation, refurbishment or conversion (STCA) • Perfect redevelopment/conversion opportunities including commercial office, retail or storage (STCA) • Future re-zone potential, in line with nearby activity precincts • Well connected to the Melbourne CBD and greater Melbourne via Victoria Street Tram, North Richmond Station and the Eastern Freeway • Close proximity to major shopping centre Victoria Gardens, set to undergo a $900m expansion (1,679 apartments and 40,000m²+ commercial and retail)
For Sale by Expressions of Interest closing Wednesday 6th of December at 2pm
For more information, please contact the below exclusive Colliers selling agents:
Alex Browne | 0418 350 545 Ted Dwyer | 0411 312 165 Ben Baines | 0438 328 407
The floor area for 38 Grosvenor Street Abbotsford VIC 3067 is 3,880 m².
There is no on-site parking availability specified for 38 Grosvenor Street Abbotsford VIC 3067. For more information about parking, contact the agent.
38 Grosvenor Street Abbotsford VIC 3067 is currently vacant.
The property highlights for 38 Grosvenor Street Abbotsford VIC 3067 are 'Large riverside land parcel of 3,880m²*', 'Current rental $1,070,815 plus GST p.a' and '100% Leased, Enormous Development Upside'.