Large, part-tenanted industrial freehold
At GrayJohnson, we’re particularly excited about this substantial industrial freehold. It’s unusual for a number of reasons.
First, it’s the location, just a few kilometres from the city in Brunswick’s Core Industry and Employment Area. Second, it’s the scale. Properties of this size (5,218 sqm) in Melbourne’s inner north don’t come onto the market very often. And third, this is an exceptional opportunity for a new owner-occupier to acquire expansive new premises while enjoying significant income from the existing tenant. It’s the perfect chance to future-proof your business.
The eastern section of the property is currently leased to Ken Hands Agencies, a leading hospitality importer and wholesaler with a 45-year history in Melbourne. This longstanding tenant occupies 2,914 sqm* of the property under a lease expiring in July 2030, with a further 5-year term.
The remaining 2,304 sqm* of high-clearance warehousing suits a range of uses including self-storage, logistics, storage or hospitality. There is also a vacant 4-bedroom apartment. The property has an expansive frontage to Phoenix Street with significant signage opportunities and includes generous on-grade car parking in front of the building.
Key features include:
• Significant landholding of 5,760 sqm*
• Total building area 5,218 sqm*
• Area occupied by tenant 2,914 sqm*
• Rental return as at August 2026 – $185,709pa + Outgoings + GST
• Springing height of warehouse 10.3 m*
• Multiple RSD access points
• On grade carparking at the front of the property
• Zoned Industrial 1
• Close to Sydney Road shopping, eateries, tramline
• Close to Brunswick railway station
• 6 km* from Melbourne CBD
The property is close to RMIT’s Brunswick Campus and the Brunswick Secondary College, and nearby amenities include the Brunswick Baths, Brunswick Hockey Club and Clifton Reserve The immediate area is home to a number of high-profile organisations including National Storage and Kennards. The popular shopping and entertainment strips of Sydney Road and Lygon Street, with their specialty retail, cafés, pubs, supermarkets and live music venues are a short walk away.
Brunswick Railway Station and the Sydney Road tram are both within a few minutes’ walk, providing excellent public transport options. There is easy access to Melbourne Airport via nearby Brunswick Road and the Tullamarine motorway. The Melbourne CBD is just over 6 km away.
The property is being offered for sale by Expressions of Interest closing Thursday 26 March at 2pm.
For more information contact Matt Hoath 0418 543 714
*Approx
