JLL Capital Markets has the exclusive privilege of offering for sale 28 Victoria Crescent (Corner Gipps Street), Abbotsford. This premium corner landholding with high quality office and warehouse improvements presents a versatile opportunity for investors, owner-occupiers and landbankers in Melbourne's burgeoning Abbotsford precinct.

Key highlights include:

+ 6,597sqm* of high-quality office and warehouse improvements

+ Highly strategic corner site of 3,336sqm*

+ 100% leased to Munro Footwear Group, Australia's largest private footwear wholesaler and distributor

+ Current net income of $1,768,859p.a.* with tenant paying all usual outgoings (including land tax)

+ 5-year lease expiring on 30 April 2027 with a rental option available

+ 100 secure rooftop carparking spaces accessible via Little Nicholson Lane Street

+ Significant development upside with established height allowances up to nine levels within the immediate precinct (STCA)

+ Multiple value-add pathways, including future owner occupation, self-storage conversion (STCA), strong rental reversion and more

+ Prime Yarra River precinct location just 3km* from the Melbourne CBD

+ Surrounded by premium lifestyle amenities along the Yarra corridor, including Victoria Gardens Shopping Centre, Abbotsford Convent arts precinct and Yarra Bend Park's extensive recreational areas

To obtain further information or to arrange an inspection, please contact the exclusive selling agents at JLL.

Tim Carr | 0415 767 915

Josh Rutman | 0411 27 37 46

MingXuan Li 李名轩0498 688 998

*Approx.

STCA: Subject to council approval