North Melbourne VIC 3051

Nicholson Real Estate is excited to present a unique opportunity to lease this versatile boutique warehouse in the rapidly evolving North Melbourne area. This exceptional property offers immense potential in a location poised for future growth, making it perfect for owner-occupiers, investors, or developers looking to capitalise on Melbourne's next property boom.

Key features include:

Prime location on the northwest fringe of Melbourne's CBD, situated within the Arden Renewal Precinct. This area is set to experience significant growth, similar to other thriving inner-city suburbs like South Melbourne, Cremorne, and Collingwood over the past two decades.

A highly versatile asset, the building accommodates two distinct tenancies, each with separate access, street addresses (1 Stawell Street and 8 Munster Terrace), and prominent street frontage. This provides excellent flexibility for a variety of uses or income-generating opportunities.

Offered with vacant possession, the two-level, solid brick warehouse spans 386sqm* and is set on 233sqm* of prime land. It features high ceilings, abundant natural light, and dual roller-door access-ready for immediate use or refurbishment.

Special Use Zoning (SUZ) allows for a wide range of potential uses, including office, industrial, residential, retail, and food & beverage (F&B), providing numerous value-add, diversification, and redevelopment options (STCA).

Exceptional public transport connectivity with both Arden and North Melbourne Train Stations just 400m away, providing direct access to the city. The property is also only 650m* from Errol Street Retail & Shopping Village and just 1.5km* to the Melbourne CBD.

Located within the rapidly developing Arden Renewal Precinct, a major employment, innovation, and transport hub set to create 34,000 new jobs and 15,000 new residents. The area also offers proximity to top universities, Queen Victoria Market, and Melbourne's biomedical precinct.

Whether you're looking to owner-occupy, invest, sub-lease, reposition, or redevelop, this property offers remarkable flexibility in one of Melbourne's most sought-after growth areas.

For more information or to arrange a private inspection, please contact Gab Mercuri at 0411 701 133.