Asking Price $9,250,000

Stonebridge Property Group, acting under instructions from JACX Property, is pleased to present for sale 94-96 Wellington Parade, East Melbourne.

This 5-level office building is positioned in the heart of Melbourne Sports and Entertainment Precinct, opposite Yarra Park/MCG and on the edge of the Melbourne CBD. Its 1,395 sqm* gross lettable area and flexible floor plates is perfectly suited for a corporate/medical headquarters, or future development opportunity (STCA).

Key highlights of the opportunity include:

– Prominent 5-level office building comprising 1,395 sqm* of gross lettable area with 17 secure on-site car spaces accessed via roller door

– Substantial 512 sqm* Commercial 1 Zone (C1Z) landholding with a valuable frontage of 12 m* to Wellington Parade

– The building is complemented by open-plan office layouts with modern fit-out, lift, and kitchen amenities on every level

– The building is ideal for a corporate or medical headquarters and prime for value-add to increase property value

– Zoned Commercial 1 (C1Z), the property has future development potential, which could be achieved via an additional lightweight level, residential whole-floor conversions, and/or complete repositioning (STCA)

– Some internal connectivity between floors allows business efficiencies for owner-occupier to take the top two floors and lease balance of the building

– Uninterrupted views over Yarra Park, within walking distance of Melbourne’s world-renowned sports and entertainment precinct -including the MCG and AAMI Park, adjacent to Fitzroy Gardens and in proximity to the Melbourne CBD

– The building is only 150 m* from Bridge Road retail precinct, 600 m* from Epworth Richmond, and is surrounded by multiple successful businesses and tourist attractions

– The building is being offered with vacant possession, providing flexibility for an incoming owner-occupier. Its versatile structure also lends itself to a potential full building conversion for medical use, residential redevelopment, or a premium A-Grade office repositioning

– Ultra-connected location with a Walk Score of 92**, noting accessibility to Jolimont-MCG Train Station (200 m*), and tram stops at the building’s doorstep

– East Melbourne ranks as the fourth-largest suburb outside the CBD for employment in the City of Melbourne2^

– East Melbourne’s median house price is $3,600,000^^ – the second-highest median house price in Melbourne

– 3.5-star NABERS Energy Rating

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Julian White
0422 764 137

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Chao Zhang 张超
0411 625 068

如需任何中文咨询，请联系我们亚洲业务团队的Chao Zhang 张超，联系电话：0411 625 068，并可随时加他的微信（微信号：chaozeee）。

*Approximately
**Source: walkscore.com
2 Census of Land Use and Employment (CLUE)
^ by number of total jobs
^^REIV

Property Code: 1534