OCCUPY, INVEST OR DEVELOP - TWO FLEXIBLE FREEHOLD OPPORTUNITIES
Emmetts is pleased to offer for sale 35 & 37–39 Yarra Street, Abbotsford VIC 3067—two adjoining warehouse-office freeholds presenting a versatile opportunity to owner-occupy, develop, or invest.
The properties are being offered for sale via Expressions of Interest, closing Wednesday, 20 May at 3:00pm (AEST)
THE LOCATION:
+ Keenly sought Abbotsford location set amongst a mix of established housing and warehouse/office buildings.
+ Ultimate connectivity, a short walk to Collingwood Train Station, trams and buses, in addition to arterial roads and freeway connectivity.
+ Excellent lifestyle amenity, close to Yarra River trails and parkland, in addition to proximity to excellent retail, dining & hospitality amenity.
THE REAL ESTATE:
Two adjoining warehouse freeholds with ultimate flexibility to invest, occupy or develop - buy one or both.
37-39 Yarra Street (Cnr of Park Street):
+ 817 square metre corner land holding.
+ 61 metres of valuable unrepeatable corner frontage.
+ 538 square metre building.
+ Character warehouse improvements in attractive location.
+ Valuable vehicle crossover, secure onsite parking for 5-6 cars plus roller door access.
+ Zoned General Residential Zone 1 with existing commercial use rights.
+ Fully leased to established fashion business with land tax recoverable.
+ Early landlord break option on 12 months notice, providing ultimate flexibility for owner-occupation or redevelopment (STCA), in addition to warehouse-residential conversion.
+ Site proportions and corner configuration, providing outstanding scope for residential apartment or townhouse development (STCA).
35 Yarra Street:
+ 481 square metre land holding.
+ 15 metres of valuable frontage.
+ 341 square metre building.
+ Character warehouse improvements in attractive location.
+ Valuable vehicle crossover, secure on site parking for 3 cars plus roller door access.
+ Zoned General Residential Zone 1 with existing commercial use rights.
+ Fully leased to film production business with full term expiry in 2030.
+ Near-term opportunity for owner occupation or redevelopment (STCA), in addition to warehouse-residential conversion.
+ Opportunity combine with 37-39 Yarra Street for more significant development (STCA).
COMBINED HOLDING
+ 1,298 square metre land holding.
+ 76 metre valuable corner street frontage.
+ 879 square metre total building size - ability to combine.
+ Multiple valuable existing vehicle crossovers from both Yarra Street and Park Street.
+ Part occupy, part invest, expand later.
+ Rare and exceptional development site (STCA) proportions in attractive city fringe street setting.
THE OPPORTUNITIES
+ Buy one or both.
+ Invest, Occupy, Develop (STCA).
+ Rare character warehouse improvements in attractive street setting.
+ Flexible use options - existing commercial use rights, plus as-of-right: residential, education, religious and place of assembly.
The properties are being offered for sale via Expressions of Interest, closing Wednesday, 20 May at 3:00pm (AEST)
For further information, please contact the exclusive agents.
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