45 Steel Street, North Melbourne, VIC, 3051

Cushman & Wakefield City Fringe Sales are excited to present for sale 45 Steel Street, North Melbourne, a magnificent warehouse office in a prime city fringe location poised for significant growth.

Key attributes include:

-Positioned in a rapidly evolving and recently re-zoned precinct only 2.4km north west of the Melbourne CBD, with immediate proximity to Macaulay Train Station (170m*), major arterials and City Link (1km*).

-45 Steel Street is a versatile and future-proof modern warehouse with a total building area of 453sqm* across a 371sqm* land parcel.

-The property comprises column free warehousing with internal kitchenette and bathroom facilities, spacious mezzanine storage area and side laneway access.

-Significant street frontage of 14.9m*, providing excellent visibility for occupiers or tenants, together with a generous maximum clearance of 8.2 metres*.

-Currently leased to international healthcare solutions and equipment specialist, ‘Rauland Australia Pty Ltd’, with a passing net income of $110,000 + GST + Outgoings p.a., providing strong short-term cash flow until 30 June 2025.

-Plans exist for a 3-level extension addition, highlighting significant immediate development potential. Current planning controls have been recently increased to permit for a height limited of 64 metres.

-The amenity rich location provides a superb working environment including Clayton Reserve Park (200m*) multiple cafes within walking distance, Woolworths North Melbourne (300m*), and more.

-Your opportunity to secure a slice of one of Melbourne’s most anticipated urban renewal areas, the Arden Precinct. Primed for owner occupation, astute investment, land banking and development.

For Sale by International Expressions of Interest closing Thursday 6 November 2024 at 12.00pm (AEDT).

For more information, please contact Cushman & Wakefield as the exclusive selling agent.

Cushman & Wakefield

Anthony Kirwan | +61 431 952 430

George Davies | +61 421 799 489

Raphael Favas | +61 435 916 380

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