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34-70 Bruce St 20,451 SF Industrial Building Kensington, VIC 3031 For Sale
Investment Highlights
- Significant landholding of approximately 3,854 sqm in Melbourne’s city fringe.
- Improved with a building of approximately 1,900 sqm.
- Located near the Arden Precinct and future Arden Station, a major infrastructure project.
- Zoned Commercial 2, offering flexibility for future redevelopment or commercial use.
Executive Summary
34-70 Bruce Street offers a rare opportunity to secure a major city fringe super site in Kensington, strategically positioned near Melbourne’s emerging Arden Precinct and the future Arden Station. This substantial landholding of approximately 3,854 sqm is located within a rapidly evolving commercial precinct, presenting significant potential for redevelopment or long-term investment.
The property is currently improved with a building of approximately 1,900 sqm and leased to Flagstaff Autobody under a secure arrangement generating $293,555 per annum plus outgoings and GST. The lease runs until June 30, 2027, providing holding income while planning for future development. Zoned Commercial 2, the site offers flexibility for a range of commercial uses and benefits from excellent connectivity to Melbourne’s CBD and major arterial routes.
This is a rare chance to acquire a large-scale site in a high-growth area with strong upside potential driven by infrastructure investment and precinct transformation.
The property is currently improved with a building of approximately 1,900 sqm and leased to Flagstaff Autobody under a secure arrangement generating $293,555 per annum plus outgoings and GST. The lease runs until June 30, 2027, providing holding income while planning for future development. Zoned Commercial 2, the site offers flexibility for a range of commercial uses and benefits from excellent connectivity to Melbourne’s CBD and major arterial routes.
This is a rare chance to acquire a large-scale site in a high-growth area with strong upside potential driven by infrastructure investment and precinct transformation.
Property Facts
| Sale Type | Investment | Lot Size | 0.95 AC |
| Property Type | Industrial | Rentable Building Area | 20,451 SF |
| Property Subtype | Warehouse | No. Stories | 1 |
| Building Class | B | Tenancy | Single |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.95 AC |
| Rentable Building Area | 20,451 SF |
| No. Stories | 1 |
| Tenancy | Single |
Amenities
- Yard
- Automatic Blinds
- Storage Space
- Air Conditioning
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34-70 Bruce St
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