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45 Steel Street, North Melbourne, VIC, 3051
North Melbourne
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, 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 51 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 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
Remember to mention you found this property on CommercialReady
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, 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 51 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 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
Remember to mention you found this property on CommercialReady
45 Steel Street, North Melbourne, VIC, 3051
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
