Colliers International and Nardella Real Estate are pleased to present these two inner-city warehouses comprising the following key attributes:
4 LOTHIAN STREET, NORTH MELBOURNE
- A single-storey, brick office-warehouse situated on 220sqm* of land;
- Functional layout of 213sqm* GBA;
- Broad frontage of 8.75m* to Lothian Street plus rear frontage to Little Lothian Street;
- Zoned Mixed-Use suiting a wide array of uses;
- Current fit out includes office space and warehousing;
- Offered with short term holding income of $45,000 + GST p.a. net;
- Tenant liable for outgoings + land tax
- Highly suited towards occupiers, value-add investors and developers.
6 LOTHIAN STREET, NORTH MELBOURNE
- A single-storey, brick office-warehouse situated on 220sqm* of land;
- Functional layout of 213sqm* GBA;
- High exposure frontage of 8.76m* to Lothian Street plus rear frontage to Little Lothian Street;
- Zoned Mixed-Use suiting a wide array of uses;
- Quality fit out suiting office and the arts providing flexible future tenancy options;
- Offered with short term holding income of $45,000 + GST p.a. net;
- Tenant liable for outgoings + land tax
- Highly suited to occupiers, value-add investors and developers.
THE LOCATION
- North Melbourne is a bustling inner-city precinct; the suburb is dotted with parklands, destination cafes, pubs and has been a focal point of recent development;
- Lothian street is walking distance to Abbotsford Streets tram network and Errol Streets historic retail village;
- Linkage to Melbourne's public transport network, includes the 57 Tram just metres from the doorstep and North Melbourne Train Station providing direct access to the CBD.
FUTURE PROOF
- 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;
- Set to benefit from the Arden Urban Renewal Project, accommodating for an additional 34,000 jobs and 15,000 residents across the precinct by 2051*.
*approx.
FOR SALE BY EXPRESSIONS OF INTEREST (EOI) CLOSING WEDNESDAY 2ND DECEMBER 2020
To arrange an inspection or for more information please contact Colliers International and Nardella Real Estate as the exclusive selling agents.
Colliers International
Oliver Hay | +61 419 528 540
Dave Walker | +61 439 889 048
Leon Ma | +61 417 070 725
Nardella Real Estate
Ray Nardella | +61 418 348 530
