CORNER FREEHOLD IN URBAN RENEWAL PRECINCT

Sale Details

Sold on 20 Apr 2026 for $4,500,000

Description

OFFERS UNDER REVIEW

POINT OF INTEREST

Superbly positioned at the intersection of Gracie Street and Reynolds Street, this high-profile city-fringe freehold offers a rare opportunity to secure a substantial two-level commercial building of 832sqm* on a generous dual-title landholding of 1,068sqm*.

Sitting on the edge of the Arden Urban Renewal Precinct and directly connected to Melbourne’s biomedical and innovation ecosystem, the property combines scale, exposure, parking and long-term development upside (STCA) just 2.9km from the CBD*.

Boasting excellent connectivity and within walking distance to the new Arden Station, part of the Metro Tunnel, the property offers outstanding potential for owner-occupiers, investors, or developers (STCA) seeking to capitalise on its strategic location and flexible configuration.

- Total land area of 1,068sqm* over two titles.
- Building area of 832sqm*.
- Provision for 16 on-site car spaces*.
- High-profile corner freehold with commanding dual street frontage.
- Sophisticated Schiavello office fit-out with excellent natural light.
- Loading & roller door access via Reynolds Street.
- Opportunity to create storage / industrial space with high ceilings.
- Existing short term tenancies.
- Zoned Special Use Zone – Schedule 7.
- Strong development and mixed-use upside within the Arden Renewal Precinct (STCA).
- 10-minute walk to the Arden Metro Tunnel station.
- 400m* to Macaulay Railway Station.
- 900m* to CityLink on-ramp.
- Close to Flemington Road, Dynon Road and West Gate Freeway access.
- Only 3km* from Melbourne’s CBD core.
- Parks and lifestyle amenity nearby including Clayton Reserve and Royal Park.

POINT OF VIEW

Secure a rare city-fringe freehold offering scale, exposure and long-term relevance — a cornerstone opportunity within one of Melbourne’s most dynamic renewal precincts.

*Approx.
Pricing excludes GST