Mixed Use Development Site with River View
- 5,084 sqm* of MUZ land
- Two (2) short term tenancies
- River frontage development
ICR Property Group are pleased to present For Sale this exceptional development site, currently comprising two (2) office/warehouse buildings at 41-45 Hobsons Road, Kensington.
This regular shaped parcel of land comes with a picturesque river frontage and offers unrivalled attributes, suitable for residential development.
Property highlights include:
- Land area: 5,084 sqm*
- Building area: 4,000 sqm*
- Existing cashflow from two (2) tenancies
- NET income: $337,651 p.a.*
- Demolition clauses for both tenancies
- Just 4kms* from Melbourne's CBD
- Picturesque river frontage
- Wide street frontage
- Regular shaped allotment
- Zoning: MUZ
Location and amenities:
- Riverside Park: 450m*
- Maribyrnong River Trail: 500m*
- South Kensington Station: 750m*
- Flemington Racecourse: 1km*
- Macaulay Road Retail Shopping Strip: 1.1kms*
- Holy Rosary Primary School: 1.2kms*
- Kensington Station: 1.4kms*
- Melbourne CBD: 4kms*
*Approx (Source: Google Maps 2018)
We recommend that you get in touch with one of our Exclusive Sales Agents below to find out more about this opportunity and to organise an inspection.
Raff De Luise +61 (0) 418 533 633
Julian Materia +61 (0) 498 188 011
Looking to Sell, Lease or Develop your Property? Contact ICR Property Group, the experts in Commercial Real Estate.