Warehouse Ripe for Conversion

10, Gladstone Place, SOUTH MELBOURNE, VIC, 3205

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118.00 m2

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Overview

Ideal for studio, residence, storage or new project^

GrayJohnson is pleased to present for sale this single-storey warehouse located in a rapidly transforming precinct on the doorstep of the Melbourne CBD. With the current lease expiring in October 2025 and a favourable Capital City – Schedule 1 (CCZ1) zoning, this solid brick building has the potential for conversion to a studio, office or even a well-located residence^.

The A-grade inner-city location is in the heart of the Montague Precinct of Melbourne’s burgeoning Fishermans Bend, a precinct envisaged as having strong alignment with creative industries. Just around the corner is Greystar’s $500 million build-to-rent project with 700 state-of-the-art apartments, retail shops and service businesses. Shopping, public transport and South Melbourne Primary School are all just minutes away, with easy access to the West Gate freeway and CityLink via Montague Street.

This is an exceptional opportunity to purchase an affordable property in a sought-after inner-city location.

Key features:
• Land and building area: 118 sqm*
• Excellent frontage: 6.9 metres*
• Roller shutter door access
• Currently leased till 1/10/2025 with no options
• Rental: $34,435 pa Net*

Location:
• Short walk to South Wharf, Convention Centre and Crown Casino
• 10-minute* walk to South Melbourne Market
• 5-minute* walk to South Melbourne Primary School
• 240m* to Montague Street Light Rail station
• Easy access to M1 and M2 motorways

EOI closing Tuesday 25 June @ 2 pm

*approx
^STPA

Key Details

Status

Sold

Type

Industrial/Warehouse

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Their interests are our priority

Di & David Haggett

Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.

Peter Kirkpatrick

Charter Keck Cramer

To date, they have achieved just shy of $20 million in sales, for 27 properties and have just been appointed to sell another. We wouldn’t hesitate to recommend Matt, Rory and their team at Gray Johnson to sell your commercial property.

Egbert Pereira

EPA Group Accountants

Matt was exceptional. He helped me understand the commercial market challenges, seller expectations and intricate purchasing processes at auction to secure the purchase. Promptness and clear communications were some amazing visible qualities.

Tony Licciardi

Safetynet Investments

Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.

Edward McDermott

DCM Lawyers

GrayJohnson were able to find us our new offices quickly and diligently. They continue to be professional and reliable in the management of our tenancy and are always available to assist with any matter if required.

Matt Marshall

Smart Freight

Rory White helped us sell our offices in Richmond. He was professional, accessible and passionate about getting a good result (which he did). I would definitely use again.

Trent O'Sullivan

Balance Advertising

I loved the fact that they had my back, negotiated hard and kept me up to speed through the whole process. The fact is they know what they're talking about, they have the insights and I benefited from that.

Sonya Miller

Armitage Jones

We would like to put on record our genuine appreciation and commendation for the services provided by the GrayJohnson sales team. The final negotiations were handled with the utmost professionalism and skill.

Matt Power

Balance Property Partners

GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.