38-48 Grosvenor StreetAbbotsford VIC 3067
Property Details for 38-48 Grosvenor St, Abbotsford
Last Listing description (November 2023)
Colliers Melbourne City-Fringe Sales Team are please to present 38 Grosvenor Street, Abbotsford, a high quality 100% leased passive investment with substantial value-add and alternate development potential (STCA), all while positioned on the Yarra River in the city-fringe suburb of Abbotsford.
For Sale by Expressions of Interest closing Wednesday 6th of December at 2pm.
Prominent inner-city four level freehold car park comprising 472 cars
100% leased to a high-quality mix of National, Government and ASX listed tenants, including CUB, Starpharma and Australia Post.
Varying lease profile provide opportunity for part owner-occupation, refurbishment or conversion (STCA)
Perfect redevelopment/conversion opportunities including commercial office, retail or storage (STCA)
Future re-zone potential, in line with nearby activity precincts
Well connected to the Melbourne CBD and greater Melbourne via Victoria Street Tram, North Richmond Station and the Eastern Freeway
Close proximity to major shopping centre Victoria Gardens, set to undergo a $900m expansion (1,679 apartments and 40,000m+ commercial and retail)
For Sale by Expressions of Interest closing Wednesday 6th of December at 2pm
For more information, please contact the below exclusive Colliers selling agents:
Alex Browne | 0418 350 545
Ted Dwyer | 0411 312 165
Ben Baines | 0438 328 407
Colliers Asian Desk
James Zhuang | 0473 866 666
Property History for 38-48 Grosvenor St, Abbotsford, VIC 3067
- 14 Mar 2024Sold for $14,600,000
- 09 Nov 2023Listed for Sale Please contact agent
- 28 Mar 2023Listed for Sale Contact the JLL Melbourne Agents
Recent sales nearby
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About Abbotsford 3067
The size of Abbotsford is approximately 1.8 square kilometres. It has 10 parks covering nearly 14.0% of total area. The population of Abbotsford in 2016 was 8184 people. By 2021 the population was 9088 showing a population growth of 11.0% in the area during that time. The predominant age group in Abbotsford is 30-39 years. Households in Abbotsford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Abbotsford work in a professional occupation.In 2021, 42.50% of the homes in Abbotsford were owner-occupied compared with 38.80% in 2016.
Abbotsford has 7,995 properties. Over the last 5 years, Houses in Abbotsford have seen a 13.42% increase in median value, while Units have seen a 7.57% increase. As at 31 January 2026:
- The median value for Houses in Abbotsford is $1,338,378 while the median value for Units is $559,284.
- Houses have a median rent of $725 while Units have a median rent of $600.
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