Share this property

realcommercial.com.au
CVA Property Consultants - Melbourne

28-32 Albermarle Street Kensington, VIC 3031

Directions

28-32 Albermarle Street,
Kensington, VIC 3031

Development Sites & Land • Showrooms & Large Format Retail

Price information

Sold

Contact Agent

Detailed listing

Key property information

Land area

Floor area

Zoning

Sold on

Map of 28-32 Albermarle Street

Directions

APPROVED PLANS. PRIZED LOCATION.

POINT OF INTEREST:
Imagine a place where design meets functionality. Where light filled indoor spaces are seamlessly integrated with the environment outside and lifestyle is a choice without compromise. This is what has been carefully taken into consideration when designing this exciting new development opportunity at 28 – 32 Albermarle Street, Kensington - located on the city's edge. 

Fast becoming one of the most sought-after suburbs for professionals, families and residential investor’s keen to benefit from this already well-established community vibe, Kensington truly has it all. With walking distance to local shopping, cafes and walking tracks, the choice of either Macaulay and Kensington train stations and close proximity to North Melbourne, Flemington Racecourse and the CBD, this precinct is set to soar with the development of the new Arden railway station just nearby, connecting directly to the Melbourne Tullamarine Airport by 2029 - https://metrotunnel.vic.gov.au/construction/north-melbourne/arden-station 

THE SITE:
- 746 sqm* land area
- 600 sqm* single level brick warehouse
- 25 metres* street frontage
- Dual street aspect with laneway access
- On the fridge of the Arden Urban Renewal Precinct

THE DEVELOPMENT:
- Approved planning permit for 36 specialized units
- Including 2 ground floor commercial spaces
- Mixture of 1 and 2 bedroom apartment plus generous outdoor spaces   
- 6-storey development plus basement parking level
- Bike rack storage area

THE INCOME:
- Currently leased to Marcus Group Pty Ltd
- Rental of $42,000.00p.a. plus outgoings and GST
- Lease term of 3 years and 9 months plus further 2 year option.
- Each party may terminate the lease with 30 days written notice. (as per lease agreement conditions)  

POINT OF VIEW:
With city fringe residential developments in short supply and huge growth in build-to-rent projects, developers are searching for suburbs that can already offer more than just four walls. Kensington, with it's transport links, public transport, local schools and village style shopping ticks every one of these important boxes.   

*Approx.
Pricing excludes GST

Property ID: 503871682Last Updated: 22 Dec 2021

CVA Property Consultants - Melbourne

18-20 Russell Street
MELBOURNE, VIC 3000
04318927...
CVA Property Consultants - Melbourne
28-32 Albermarle Street
Kensington, VIC 3031

Detailed listing

progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from CVA Property Consultants - Melbourne

Other properties you might be interested in based on the location and property type you are looking at.