454-456 Macaulay Rd 10,226 SF Industrial Building Kensington, VIC 3031 $5,043,150 ($493.18/SF)

Positioned in the heart of Kensington, this mixed-use zoned (MUZ) property spans two adjoining lots combining an air-conditioned warehouse with office and bathroom facilities and an adjoining vacant corner block. Located on Macaulay Road, one of the suburb’s main thoroughfares, the site benefits from exceptional exposure and consistent passing traffic, creating an ideal canvas for future development.
With an approximate frontage of 31 meters and a total land size of about 950 sqm, the opportunities range from repurposing the existing structure to undertaking a significant mixed-use development (STCA). The property’s current tenant, Barnett Motor Body Repairs, occupies the warehouse, while the additional land parcel is clear and ready for utilization. MUZ zoning supports a flexible array of uses including residential, commercial, and light industrial applications, catering to Melbourne’s growing demand for diversified assets within vibrant city-fringe locations.
Connectivity is a key attraction with Kensington Railway Station less than 130 meters away and multiple tram routes nearby. Residents and businesses benefit from close proximity to Melbourne CBD, major arterial roads, and the surrounding amenity-rich neighborhoods. Investors and developers can capitalize on the strong fundamentals and drive transformation within one of Melbourne’s most dynamic inner suburbs.