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. This is an exceptional opportunity to purchase an affordable property in a highly desirable inner-city location.
• Land and building area: 118sqm approx.
• Excellent frontage: 6.8 metres approx.
• Roller shutter door access
• Currently leased till 1/10/2025 with no options
• Rental: $34,435 pa Net
• Rental increase by 5% (Oct 2025)
Walk to the South Wharf shopping and dining precinct, Melbourne Convention and Exhibition Centre and to Crown Casino. South Melbourne Market is just 700m away with the café culture of Clarendon Street, Bay Street or Bridport Street nearby. South Melbourne Primary School is a five-minute walk. The site is well-served by public transport with the Montague Street light rail station a four-minute walk and there is direct access to both the M1 (Westgate Freeway) and M2 (CityLink/Tullamarine Freeway) via the Montague Street interchange.
For more details please contact Rory White 0439 655 504 or Matt Hoath 0418 543 714.
