1-3 Bruce Street,
Kensington, VIC 3031

Sensationally placed in an esteemed-while-expanding, inner-city locale, this versatile offering presents scope to buy and occupy one or more premises, invest and hold long into the future, or utilise an expansive parcel in an inspired redevelopment.

Key points:
- Land size: 499sqm (approx.)
- Commercial 2 Zone (C2Z)
- Option to purchase between 1 and 4 offices
- Potential to invest and lease out, occupy, or redevelop (STCA)

Lease/Investment details:
- Two of the four total lots are currently leased for approx. $30,000 p.a. for each of them
- Expected $30,000 p.a. rent for each of two remaining lots
- $120,000 p.a. total expected rent across all four lots
- Tenants responsible for GST and outgoings
- No owners’ corporation courtesy of common ownership of all four lots

With the under-construction Younghusband precinct set to transform the area and attract waves of additional investment, foot traffic, and vibrancy, the site sits metres from CityLink, the Kensington Village lifestyle hub, and Macaulay, Kensington, and South Kensington Stations (3 different train lines), while only 3.2km (approx.) from the city’s GPO.

* All potential uses of the parcel and/or dwellings are subject to council approval.