394 Johnston Street
Abbotsford, VIC 3067

This property at 394 Johnston Street, Abbotsford, presents a unique opportunity for investors, occupiers, or developers seeking a versatile freehold asset in an inner-city location. The building is currently configured as office space but offers significant flexibility for alternative uses such as showroom, retail, hospitality, or medical purposes, subject to council approval.

The site encompasses a land area of approximately 405 square meters, featuring dual street frontages with a combined width of 20 meters along Johnston and Little Turner Streets. This dual frontage enhances accessibility and visibility, making it an attractive prospect for various commercial applications.

Zoned Commercial 1, the property benefits from a multi-height precedent, allowing for a range of mixed-use development possibilities. The existing building is well-maintained and in excellent condition, comprising functional office improvements. Additionally, the property includes four on-site car spaces and roller shutter door access from Little Turner Street, facilitating convenient vehicle movement and parking.

Currently, the premises are leased to YSAS, providing short-term holding income with a lease expiry in June 2024. This tenancy offers immediate income potential while allowing flexibility for future redevelopment or occupation plans.

Strategically located, the property is in close proximity to numerous local amenities and community venues. Nearby attractions include Victoria Park, the Abbotsford Convent, Collingwood Children's Farm, and the Yarra City Trail, all contributing to the area's vibrant community atmosphere.

Transport options are readily accessible, with Victoria Park Train Station approximately 500 meters away, multiple bus routes (Nos. 200 and 207), and tram lines (Nos. 12 and 109) within a one-kilometer radius. The site is also conveniently situated just four kilometers from Melbourne's Central Business District, providing excellent connectivity for commuters and visitors.

The location experiences high pedestrian traffic and offers easy access to major arterial roads, including Hoddle Street (450 meters) and the Eastlink Freeway (1.1 kilometers), enhancing its appeal for commercial activities.

Overall, this property represents a rare chance to acquire a prime freehold building in Abbotsford, positioned on the doorstep of Melbourne’s CBD. Its flexible zoning, excellent condition, and strategic location make it suitable for a variety of commercial uses or redevelopment opportunities, catering to a broad spectrum of buyers and investors.

For further information or to discuss this opportunity in detail, interested parties are encouraged to contact the listing agents.