617 Spencer Street,
West Melbourne, VIC 3003
Offices • Warehouse, Factory & Industrial
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Cushman & Wakefield - Melbourne
Level 9, 385 Bourke StreetMELBOURNE, VIC 3000
617 Spencer Street
West Melbourne, VIC 3003
Map of 617 Spencer Street
Train stations within 5 km of 617 Spencer Street, West Melbourne, VIC 3003 Distance North Melbourne Station 255 m Flagstaff Station 1.1 km NSW Train Link 1.4 km Southern Cross Station 1.5 km Macaulay Station 1.5 km POWERED BY HERE ©Tram stops within 5 km of 617 Spencer Street, West Melbourne, VIC 3003 Distance 11-Errol St/Victoria St (Melbourne City) 403 m 11-Victoria St/Errol St (North Melbourne) 418 m 14-Abbotsford St/Queensberry St (North Melbourne) 418 m 14-Queensberry St/Abbotsford St (North Melbourne) 467 m 13-Curzon St/Queensberry St (North Melbourne) 507 m POWERED BY HERE ©Bus stops within 5 km of 617 Spencer Street, West Melbourne, VIC 3003 Distance Abbotsford St/Spencer St (West Melbourne) 78 m Isentia Melbourne 176 m North Melbourne Railway Station Spencer St 186 m Hawke St/Spencer St (West Melbourne) 199 m North Melbourne Railway Station/Dryburgh St (West Melbourne) 237 m POWERED BY HERE ©
POWERED BY HERE ©
PARTIALLY LEASED, FULLY RENOVATED CITY FRINGE OFFICE INVESTMENT
- Net Income of $306,000 + GST + Outgoings
- Fixed Annual Compounding Rent Increases
- 6x car parks on title
Cushman & Wakefield City Fringe Sales are pleased to present for sale 617 Spencer Street, West Melbourne, with the following key attributes:
- Prime city fringe West Melbourne location, a short 3 minute (400m*) walk to North Melbourne Train Station and 1.1km* from the CBD.
- Previously the White Crow Tomato sauce factory, this character filled building boasts a commanding total area of 948.68sqm* plus car parking for 6 vehicles on title.
- Partially leased to ‘Serve It Up’ on Level 1 & 2, a well-established registered training organization (RTO) offering contemporary hospitality courses in Melbourne.
- Brand new ground floor café/restaurant offered with Vacant Possession, providing a unique owner occupier and/or additional income potential.
- Current net income of $306,000 + GST + Outgoings p.a. with fixed annual compounding rental increases.
- The building has been completely refurbished and comprises polished concrete floors, commercial kitchen facilities, classrooms, meeting rooms, updated fire services, new lift, excellent natural light from three sides and city views.
- Surrounded by an abundance of retail and lifestyle amenity including Errol Street Retail Precinct, Queen Victoria Market (QVM) and Flagstaff Gardens all within convenient walking distance.
- Favourable Mixed Use Zoning provides excellent flexibility for a variety of future use and repositioning strategies including subdivision, air rights, construction of additional levels or alternate uses such as residential, commercial, or more (STCA).
- A rare opportunity to secure a high-profile inner city three (3) level warehouse office investment with brand new improvements and car parking. The full package – set and forget!
Private Sale
For more information please contact Cushman & Wakefield as the exclusive selling agent.
Oliver Hay | +61 419 528 5...
Anthony Kirwan | +61 431 952 4...
George Davies | +61 421 799 4...
- Prime city fringe West Melbourne location, a short 3 minute (400m*) walk to North Melbourne Train Station and 1.1km* from the CBD.
- Previously the White Crow Tomato sauce factory, this character filled building boasts a commanding total area of 948.68sqm* plus car parking for 6 vehicles on title.
- Partially leased to ‘Serve It Up’ on Level 1 & 2, a well-established registered training organization (RTO) offering contemporary hospitality courses in Melbourne.
- Brand new ground floor café/restaurant offered with Vacant Possession, providing a unique owner occupier and/or additional income potential.
- Current net income of $306,000 + GST + Outgoings p.a. with fixed annual compounding rental increases.
- The building has been completely refurbished and comprises polished concrete floors, commercial kitchen facilities, classrooms, meeting rooms, updated fire services, new lift, excellent natural light from three sides and city views.
- Surrounded by an abundance of retail and lifestyle amenity including Errol Street Retail Precinct, Queen Victoria Market (QVM) and Flagstaff Gardens all within convenient walking distance.
- Favourable Mixed Use Zoning provides excellent flexibility for a variety of future use and repositioning strategies including subdivision, air rights, construction of additional levels or alternate uses such as residential, commercial, or more (STCA).
- A rare opportunity to secure a high-profile inner city three (3) level warehouse office investment with brand new improvements and car parking. The full package – set and forget!
Private Sale
For more information please contact Cushman & Wakefield as the exclusive selling agent.
Oliver Hay | +61 419 528 5...
Anthony Kirwan | +61 431 952 4...
George Davies | +61 421 799 4...
Property ID: 504722412Last Updated: 17 Dec 2024
Cushman & Wakefield - MelbourneLevel 9, 385 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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