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35-45 Lithgow Street, Abbotsford, VIC, 3067

2. Property Highlights

A TIMELESS ABBOTSFORD FREEHOLD WITH MAJOR DEVELOPMENT POTENTIAL

Teska Carson & JLL have the privilege of offering for sale The Cordial Factory – 3,081sqm* of Mixed Use Land & An Iconic 5,728sqm* Existing Building at 35-45 Lithgow Street, Abbotsford.

Key details of the opportunity include:

The Present

-Substantial character filled freehold providing 5,728sqm* of building area

-Unique opportunity for complete refurbishment and/or repositioning to suit a range of options, including destination hospitality, office, retail and/or medical or more (STCA)

-Five separate titles provide flexibility to sell down the existing freeholds

-Versatile holding income from blue-chip covenant - JR Group.

The Future

- Underpinned by a truly rare, high-profile landholding of 3,081sqm*

- An opportunity to capture spectacular, panoramic views that are protected in all directions

- The largest Mixed Use Zoned landholding in Abbotsford, offering tremendous opportunity and flexibility to deliver a precinct defining project

- Over 153 metres* of prime street frontage to Lithgow and Little Lithgow Streets, providing excellent design and construction efficiency for future project

The Location

- Abbotsford is a well-regarded and in-demand location – the median house price has increased by 29% since late 2019^

- Surrounded by an abundance of exceptional amenity, being within close proximity to North Richmond Train Station, 260ha of Yarra parklands, Studley Park, ample surrounding retail amenity and trendy pubs and cafes

*Approx.

^ Realestate.com

 

35-45 Lithgow Street, Abbotsford is For Sale by International Expressions of Interest closing Friday 8 March 2024 at 2pm (AEDT)

To obtain further information or to arrange an inspection, please contact the selling agents below.

 

Teska Carson

Michael Taylor | 0419 533 102

Michael Ludski | 0419 020 203

Luke Bisset | 0400 344 211

 

JLL

Josh Rutman | 0411 27 37 46

Tim Carr | 0415 767 915

Jesse Radisich | 0402 085 702

MingXuan Li 李名轩 | 498 688 998

Remember to mention you found this property on DevelopmentReady

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3. Property Location

35-45 Lithgow Street, Abbotsford, VIC, 3067