Land - Development Site
Conquest Property Partners is pleased to present 34–70 Bruce Street, Kensington, a significant 3,854 sqm* Commercial 2 zoned landholding, strategically positioned immediately west of Melbourne’s rapidly transforming Arden Precinct and approximately 3 kilometres* from the Melbourne CBD.
With approximately 1,900 sqm* of existing improvements, short-term holding income and major development potential (STCA), the property represents a rare opportunity to secure a major inner-city site within one of Melbourne’s most dynamic growth locations.
The surrounding Kensington area has already experienced recent substantial residential and commercial development, including major new residential projects along Macaulay Road, the revitalised Younghusband Commercial Precinct and the eight-storey commercial development on Bruce Street. Together, these developments are contributing to an expanding inner-city residential and commercial catchment.
This established growth is set to be complemented by the neighbouring Arden Precinct, where Arden Station is now operational and major development has already been approved and is underway. Substantial further residential, commercial and employment growth is planned, positioning 34–70 Bruce Street alongside one of Melbourne’s most significant urban renewal areas.
KEY HIGHLIGHTS
- 3,854 sqm* Commercial 2 zoned landholding
- Major development potential (STCA)
- Approximately 1,900 sqm* of existing improvements
- Short-term holding income
- Potential for significant exposure to CityLink from a future development (STCA)
- Extensive hardstand and excellent vehicle access
- Immediately west of the rapidly transforming Arden Precinct
- Close to Arden Station and the Metro Tunnel
- Approximately 3 kilometres* from Melbourne CBD
- Large and growing inner-city residential and commercial catchment
- Excellent connectivity to CityLink and Melbourne’s major arterial road network
The property comprises predominantly warehouse/factory accommodation together with two-storey office and amenities, complemented by substantial hardstand providing excellent vehicle access, circulation and external storage areas.
34–70 Bruce Street, Kensington is offered For Private Sale.
For further information, a copy of the Information Memorandum or to arrange an inspection, please contact Luke Conquest from Conquest Property Partners on 0432 328 668.
*Approx/STCA