10 Magenta Place, Carlton, VIC, 3053

• CONVERTED WAREHOUSE WITH HOLDING INCOME
• UNIVERSITY, BIOMEDICAL AND LYGON STREET PRECINCT
• BOUTIQUE PERMIT FOR A FOUR LEVEL ENVELOPE

• Colliers International is pleased to present the opportunity to purchase this unique and hidden gem, in the heart of Carlton on the cusp of the Melbourne CBD. The property comprises the following key attributes:
• Inner-city location in a quiet laneway setting with direct access from the world-renowned Lygon Street, just 350m north of the Melbourne CBD
• Freestanding building with underlying land of 88m2 
• Existing converted warehouse of 80m2. The building includes kitchen facilities and bathroom amenities.
• Currently leased to Yoga Bhuja, a boutique yoga studio, providing the purchaser a passing income of $32,888 p.a. plus GST (at 29/01/2020)
• Offered with an existing approved permit for a 4-storey redevelopment. A flexible envelope towards office headquarters, hospitality and retail, multiple or even a single residence (STCA) 
• Immediate access to Lygon Street’s Golden Mile with countless restaurants, cafes and bars surrounded by tree-lined boulevards
• Located in Melbourne’s tightly held University Precinct, metres from the University of Melbourne, RMIT, Melbourne’s Bio-medical precinct and the CBD
• Conveniently serviced by the Swanston Street tram network, this strategic and sought-after location is soon to be further stimulated by the Melbourne Metro Rail and the introduction of Parkville Train Station and Townhall Train Station just metres away
• A hidden gem in one of Melbourne’s best locations, suiting investors, future occupiers and developers, 10 Magenta Place, Carlton is an opportunity not to be missed
   

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