123 Thistlethwaite Street,
South Melbourne, VIC 3205

Ultimate flexibility to occupy, invest, subdivide or develop^.

GrayJohnson is delighted to present for sale this impressive 1920s industrial property located in a rapidly developing precinct on the city fringe. With a demolition clause in place and a favourable Capital City - Schedule 1 (CCZ1) zoning, this solid brick building offers maximum flexibility to a potential purchaser to occupy, convert to residential or develop^. Hold as an investment, subdivide into multiple titles or redevelop the site from scratch.

The building is currently divided into two tenancies – a front warehouse and a rear tenancy refurbished as studio/office space. Both have ample character with timber-lined ceilings and exposed timber trusses. The office/studio space features exposed brick work, polished concrete floors, skylights and track lighting along with air conditioning, excellent amenities and a kitchenette.

The A-grade inner-city location is on the fringe of the Montague Precinct of Melbourne’s burgeoning Fishermans Bend, a precinct envisaged as having strong alignment with creative industries. Significant developments in the area include build-to-rent projects and hotels. Shopping, public transport, the South Melbourne Market and South Melbourne Primary School are all just minutes away, with easy access to the West Gate Freeway and CityLink via Montague Street.

Key features
• Total building area 520sqm*, land 679sqm*
• Frontage to Thistlethwaite Street - 14.63m*
• Laneway frontage- 44.20 metres*
• Discretionary height limit of 30 metres (8 storeys)
• Two tenancies
• Combined income: $112,250 pa
• Roller shutter doors to each tenancy
• Period features including timber ceilings and beams
• Zoning: Capital City Zone - Schedule 1 (CCZ1)

Location
• City fringe convenience
• 10-minute walk* to South Melbourne Market
• 9-minute walk* to South Melbourne Primary School
• Two Light Rail stations within an easy walk
• Easy access to M1 and M2 motorways

*approx.
^STPA