Significant City Fringe Landholding with Future Development Potential

34–70 Bruce Street, Kensington presents a rare opportunity to secure a substantial city fringe landholding within one of Melbourne’s most rapidly evolving commercial precincts.

Ideally positioned only moments from the transformative Arden Precinct and the new Arden Station, the property is strategically located within an area experiencing significant infrastructure investment, urban renewal and ongoing commercial growth.

The property comprises a substantial landholding of approximately 3,854 sqm* and is improved by an existing industrial facility of approximately 1,900 sqm*. The site is currently occupied by Flagstaff Autobody, a long-standing tenant that has operated from the property since 2011, generating a passing income of $293,555 per annum* plus GST and outgoings. The current lease expires on 30 June 2027, providing valuable holding income while allowing future plans to be considered.

Situated within the Commercial 2 Zone, the property offers flexibility for a range of commercial, industrial and future development outcomes (STCA). Its strategic position provides excellent connectivity to Melbourne's CBD, CityLink, Dynon Road, Footscray Road and other major arterial road networks, while also benefiting from proximity to public transport and the significant amenity improvements associated with the Arden renewal project.

Opportunities to acquire landholdings of this scale within such close proximity to the CBD are increasingly rare. With substantial frontage, strong existing improvements, secure short-term income and a highly strategic location within a rapidly changing precinct, 34–70 Bruce Street, Kensington represents an outstanding city fringe acquisition with considerable future potential.