175-177 Abbotsford Street,
North Melbourne, VIC 3051

Offices • Warehouse, Factory & Industrial

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Map of 175-177 Abbotsford Street

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CITY FRINGE FREEHOLD OFFICE INVESTMENT

New Three (3) Year Lease Term
Income: $95,000 pa net
Future Proof Location

Gorman Commercial is pleased to offer via Private Sale, this superbly presented office investment situated moments from the Melbourne CBD and 'Arden Precinct'.

Key sale attributes:

* Leased to Connellan Industries
* New three (3) year lease
* Income: $95,000 per annum net plus gst
* Building area: 300 sqm (approx.)
* Land area: 327 sqm (approx.)

Future proofed freehold offering, touching distance to the new Metro Rail Network (under construction) and bordering the Arden Urban Renewal Project which is set to add an additional 34,000 jobs and 15,000 new residences.

Well located on Abbotsford Street just 100m from Queensberry Street. In proximity to the iconic Queen Victoria Market, RMIT University, Flagstaff Gardens, Royal Melbourne Hospital and the Melbourne CBD.

North Melbourne, 3051 demographic data

The median household income for North Melbourne is $1,717, 10% lower than Greater Melbourne's household income of $1,901. North Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 31 vs 37). Property ownership data shows 57% of property owners in North Melbourne have a mortgage.

14,953

Population

$1,717 per week

Median household income

31 years

Median age

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