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38 Grosvenor Street, Abbotsford, VIC, 3067
Investment Potential

Property Highlights

High Yielding Investment with Alternate Development Upside
  • Large riverside land parcel of 3,880m²*
  • Current rental $1,070,815 plus GST p.a
  • 100% Leased, Enormous Development Upside

Colliers Melbourne City-Fringe Sales Team are please to present 38 Grosvenor Street, Abbotsford, a high quality 100% leased passive investment with substantial value-add and alternate development potential (STCA), all while positioned on the Yarra River in the city-fringe suburb of Abbotsford.

For Sale by Expressions of Interest closing Wednesday 6th of December at 2pm.

• Prominent inner-city four level freehold car park comprising 472 cars

• Underlying landholding of 3,880m² with dual street frontages totalling 127m*

• 100% leased to a high-quality mix of National, Government and ASX listed tenants, including CUB, Starpharma and Australia Post.

• Varying lease profile provide opportunity for part owner-occupation, refurbishment or conversion (STCA)

• Perfect redevelopment/conversion opportunities including commercial office, retail or storage (STCA)

• Future re-zone potential, in line with nearby activity precincts

• Well connected to the Melbourne CBD and greater Melbourne via Victoria Street Tram, North Richmond Station and the Eastern Freeway

• Close proximity to major shopping centre Victoria Gardens, set to undergo a $900m expansion (1,679 apartments and 40,000m²+ commercial and retail)

For Sale by Expressions of Interest closing Wednesday 6th of December at 2pm

For more information, please contact the below exclusive Colliers selling agents:

Alex Browne | 0418 350 545

Ted Dwyer | 0411 312 165

Ben Baines | 0438 328 407

Colliers Asian Desk 华语服务

James Zhuang 庄雪楠 | 0473 866 666

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STEP 01 Finance type
Commercial Investment Finance
STEP 02 Property Address
38 Grosvenor Street, Abbotsford, VIC, 3067
STEP 03 Contact a finance professional

Map: 38 Grosvenor Street, Abbotsford, VIC, 3067