17 Duke Street
Abbotsford, VIC 3067

This well-located warehouse presents a secure investment opportunity with significant future redevelopment potential, subject to council approval. The property is currently leased, providing a steady income stream, and is situated in a prime city fringe location in Abbotsford, an area recognized as one of Victoria's major development precincts.

Key investment highlights include:

• A current annual income of $49,347 plus GST and outgoings, ensuring reliable cash flow.
• A recently renewed six-year lease with no further options, offering lease security and stability.
• A land size of 319 square meters featuring over 11 meters of street frontage, providing excellent exposure and potential for redevelopment.
• The property is securely leased to Moon Dog Craft Brewery, a highly successful boutique brewery and hospitality operator in Melbourne, underscoring the quality of the tenant.
• Strategically positioned in the heart of Abbotsford, the property benefits from its proximity to Melbourne's central business district and access to major transport routes.

This industrial property offers investors a unique combination of immediate income and long-term capital growth potential through redevelopment. The warehouse's location within a vibrant and evolving precinct makes it an attractive asset for those seeking exposure to Melbourne's dynamic property market.

Prospective buyers should consider the property's strong tenant covenant, the secure lease terms, and the substantial land holding as key factors contributing to its investment appeal. The site’s frontage and size provide flexibility for future development opportunities, subject to the necessary approvals.

Overall, this property represents a rare chance to acquire a secure, income-producing asset with the added benefit of future redevelopment possibilities in one of Melbourne's most sought-after industrial precincts.