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Stonebridge Property Group is pleased to present 227-229 Abbotsford Street, North Melbourne, offered for sale via Public On-site Auction.
227-229 Abbotsford Street is a highly functional and flexible dual-level building on the cusp of Melbourne's CBD and is fully leased to a long-term tenant on a renewal 5-year lease term.
The property is situated just 380 m* from Errol Street retail and 350 m* from the soon-to-open Arden Train Station.
Key highlights of the property include:
- Fully leased to Ascot Partners, a longstanding tenant on a renewed 5-year lease term, commencing in July 2025, with 2 x 5 years options
- Ascot Partners is one of Australia’s most progressive firms of accountants and financial advisers, established in 2005, with national and global networks that enable local service backed by international expertise
- Annual rental income of $154,500* (plus GST and outgoings) with fixed annual rental increases of 3%, and market reviews upon conclusion of each term
- Strategic 245 sqm* mixed-use zoned landholding and dual street access providing scope for future value add or iconic development (STCA)
- Existing improvements comprise a dual-level office building boasting 471 sqm* (GBA), complemented by modern open-plan office spaces, reception area, meeting rooms, and bathroom amenity on each level
- Rear access from Little Lothian St N provides a large loading dock, benefiting from container-height door clearance, ideal for staff parking or equipment storage
- Positioned on the edge of the CBD grid, just 980 m* from the globally recognised Queen Victoria Market (that attracts 10,000,000* + visitors annually)
- Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion* Queen Victoria Market upgrade expected to deliver 4,000* new jobs and 20,000* new residents1 - an exciting driver of retail trade for local business
- The City of Melbourne estimates the new Arden precinct revival will increase the area’s capacity to 15,000 residents and 34,000 jobs over the next 30 years2
- Highly central location with a short walk to Queensberry’s and Errol Street's retail and dining precinct, North Melbourne Recreation Centre (400 m*), Arden Station (350 m*) and tram networks to the CBD at the doorstep
227-229 Abbotsford Street, North Melbourne is for sale via Public On-site Auction Thursday 13th November 2025 at 10:30AM(AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Ian Lam
0416 621 859
Ian Lam (Strip Retail):
如需任何国语或粤语咨询，请联系我们亚洲业务团队的Ian Lam 林煒峻，联系电话：0416 621 859，并可随时加他的微信（微信号：ianlam2001）。
*Approximately
1 The Age
2 City of Melbourne
Property Code: 1481
Remember to mention you found this property on CommercialReady
Stonebridge Property Group is pleased to present 227-229 Abbotsford Street, North Melbourne, offered for sale via Public On-site Auction.
227-229 Abbotsford Street is a highly functional and flexible dual-level building on the cusp of Melbourne's CBD and is fully leased to a long-term tenant on a renewal 5-year lease term.
The property is situated just 380 m* from Errol Street retail and 350 m* from the soon-to-open Arden Train Station.
Key highlights of the property include:
- Fully leased to Ascot Partners, a longstanding tenant on a renewed 5-year lease term, commencing in July 2025, with 2 x 5 years options
- Ascot Partners is one of Australia’s most progressive firms of accountants and financial advisers, established in 2005, with national and global networks that enable local service backed by international expertise
- Annual rental income of $154,500* (plus GST and outgoings) with fixed annual rental increases of 3%, and market reviews upon conclusion of each term
- Strategic 245 sqm* mixed-use zoned landholding and dual street access providing scope for future value add or iconic development (STCA)
- Existing improvements comprise a dual-level office building boasting 471 sqm* (GBA), complemented by modern open-plan office spaces, reception area, meeting rooms, and bathroom amenity on each level
- Rear access from Little Lothian St N provides a large loading dock, benefiting from container-height door clearance, ideal for staff parking or equipment storage
- Positioned on the edge of the CBD grid, just 980 m* from the globally recognised Queen Victoria Market (that attracts 10,000,000* + visitors annually)
- Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion* Queen Victoria Market upgrade expected to deliver 4,000* new jobs and 20,000* new residents1 - an exciting driver of retail trade for local business
- The City of Melbourne estimates the new Arden precinct revival will increase the area’s capacity to 15,000 residents and 34,000 jobs over the next 30 years2
- Highly central location with a short walk to Queensberry’s and Errol Street's retail and dining precinct, North Melbourne Recreation Centre (400 m*), Arden Station (350 m*) and tram networks to the CBD at the doorstep
227-229 Abbotsford Street, North Melbourne is for sale via Public On-site Auction Thursday 13th November 2025 at 10:30AM(AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Ian Lam
0416 621 859
Ian Lam (Strip Retail):
如需任何国语或粤语咨询，请联系我们亚洲业务团队的Ian Lam 林煒峻，联系电话：0416 621 859，并可随时加他的微信（微信号：ianlam2001）。
*Approximately
1 The Age
2 City of Melbourne
Property Code: 1481
Remember to mention you found this property on CommercialReady
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