Sold
BLANK CANVAS WAREHOUSE IN NORTH MELBOURNES ARDEN PRECINCT
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271-273 Macaulay Road, North Melbourne VIC 3051

Last Asking Price - $3,300,000

Commercial LandSize: n/a
Block size: 613 m² approx.
Colliers International is pleased to present 271-273 Macaulay Road, North Melbourne; held by the same family for 36 years. A highly versatile warehouse offering, positioned in the Arden Urban Renewal Precinct, walking distance to the new Metro Rail Network (under construction) and on the cusp of Melbourne's CBD.   

THE OFFERING
- Expansive land parcel of 613sqm, dual frontages and multiple points of access;
- Versatile, character warehouses plus office and full amenities spanning a total 608sqm GBA;
- Sought-after Commercial 1 Zone provides flexibility for a multitude of future uses including office, retail, residential and accommodation (STCA);
- High-exposure building is primed for repositioning; boasts multiple tenancy options, clear-span workspaces and business signage potential (STCA);
- Offered with Vacant Possession.

THE LOCATION
- Located 2.5km north west of the Melbourne CBD, the precinct is dotted with parklands, destination cafes, pubs and has been a focal point of recent activity;
- Macaulay Road bounds North Melbournes famous Arden Street Oval and is now home to the suburbs first full-line Woolworths supermarket;
- Linkage to Melbournes public transport network, including Macaulay Train Station (130m) providing direct access to the CBD.

FUTURE PROOF
- Set to benefit from the Arden Urban Renewal, accommodating for an additional 34,000 jobs and 15,000 residents across the precinct by 2051*.
- Metres from the Metro Rail Network, Victoria's largest infrastructure project; at a total cost of $11b, the project is currently under construction and slated for delivery by 2025;
- The new North Melbourne Train Station will provide a link to the University and Biomedical Precincts, along with a cross-town connection further solidifying North Melbourne's status as a future proof location;

A blank canvas warehouse in the Arden Precinct and the first time offered in 36 years, an opportunity not to be missed.

*data sourced from the Victorian Planning Authority (VPA).
*approx.

To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents.

ALEXANDER LEGGO | +61 432 053 747
TOM ISAKSSON | +61 422 154 570
JACK KELLIHER | +61 437 844 336

Inspections

No open inspections scheduled.

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Contact Alexander Leggo to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:Commercial Land
Block Size:613 *
*These are approximate values based on available information.
Colliers International Melbourne

Maps and area information

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Block information
Block size: 613 (approx)
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Measurements are estimates only and based on data provided under licence from © PSMA Australia 2021.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Property history
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Property History
07 May 2021
Sold
Colliers International Melbourne
Listed: 16/10/2020
Block size: 613m²
Transfer type: Full transfer

Suburb and property insights

Median salesMedian sales
 
Average Age
28 years
Population
14,940
North Melbourne's Property Profile
North Melbourne's Occupancy

Contact agents

Colliers International Melbourne

Colliers International Melbourne

View agency details
Alexander LeggoColliers International Melbourne
Jack KelliherColliers International Melbourne
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Listing ID: 178818127. This listing has been viewed 4 times. It was first displayed on 16/10/2020 and last updated on 07/05/2021.