Johnston Street Profile: Endless Potential

Overview

Description

For Sale via Expressions of Interest closing Tuesday 26th November 2024 at 2.00pm.

POINT OF INTEREST:

Opportunities like this in the heart of Abbotsford are rare — and when one comes up, it doesn’t stay on the market for long. This prominent property on Johnston Street boasts heritage charm and strategic positioning, making it ideal for both investors and developers. Currently offering a versatile layout of 5 separate rooms, along with a warehouse and showroom display site, the property is well-suited for a variety of commercial uses. However, its potential goes beyond its current state. With a generous land area of 594 sqm* and Commercial 1 zoning, this site presents exciting development possibilities, whether for a boutique commercial project or a mixed-use residential development (STCA).

Natural light floods the interior, while the rear and side access offer practical entry points for vehicles. Secure rear parking adds value, and with excellent connectivity through nearby public transport and major arterials, the property is perfectly positioned to tap into Melbourne’s thriving business scene.


- Building Area: 280 sqm*
- Land Area: 594 sqm* over two titles
- Zoning: Commercial 1
- Development Potential: Suitable for commercial or mixed-use development (STCA)
- Secure Rear Parking: Ideal for clients or staff
- Access: Rear and west side right-of-way
- Transport: 600 m* to Victoria Park railway station, with buses at your doorstep
- Location: Close to the Eastern Freeway and Hoddle Street, just minutes from the CBD


POINT OF VIEW:

Abbotsford is a dynamic inner-city hub where industrial heritage meets cutting-edge innovation. Whether you're looking to develop or occupy, this property offers a unique chance to join a suburb where successful businesses thrive alongside vibrant creative and cultural scenes. When opportunities like this arise, those in the know don’t hesitate.


*Approx.
Pricing excludes GST