34-38 Bakehouse RoadKensington VIC 3031
Property Details for 34-38 Bakehouse Rd, Kensington
Last Listing description (January 2026)
Cushman & Wakefield Capital Markets Industrial & Logistics, in conjunction with Melbourne Commercial Group, are pleased to offer for sale 34-38 Bakehouse Road, Kensington via Private Treaty. An exceptionally well-maintained industrial facility, positioned within Melbournes coveted last mile logistics precinct of Kensington, only 3kms from the Melbourne CBD.Key Investment Highlights include:- Industrial facility of 2,633 sqm with temperature-controlled areas.- Strategically positioned in Melbournes highly desirable city-fringe industrial and logistics precinct of Kensington only 3kms from the Melbourne CBD.- Net passing income of $406,533 p.a. ($154/sqm).- Attractive WALE of 1.0 year, allowing for short term potential positive rental reversion or owner occupation.- Fully occupied by an internationally recognised covenant in MNX Global Logistics a global leader in the transportation of biopharmaceutical products.- Unmatched last mile logistics characteristics with substantial surrounding residential catchments.- Neighbouring Melbournes Biomedical precinct a crucial factor in the continued operation of MNX Global logistics.- Excellent connectivity to multiple public transport hubs including South Kensington Station, Kensington Station, Macaulay Station & Arden Station (under construction).Note: all figures are approximate.For further information please contact the marketing agents.
Property History for 34-38 Bakehouse Rd, Kensington, VIC 3031
- 24 Dec 2025Listed for Sale Contract Agents
- 19 Dec 2025Sold for $6,550,000
- 22 Aug 2024Transferred
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About Kensington 3031
The size of Kensington is approximately 2.1 square kilometres. There are 19 parks, covering nearly 13.6% of the total area. The population of Kensington in 2016 was 10812 people. By 2021 the population was 10745 showing a population decline of 0.6% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation.In 2021, 48.70% of the homes in Kensington were owner-occupied compared with 45.30% in 2016.
Kensington has 7,736 properties. Over the last 5 years, Houses in Kensington have seen a -13.78% decrease in median value, while Units have seen a -6.10% decrease. As at 31 July 2026:
- The median value for Houses in Kensington is $1,099,858 while the median value for Units is $556,240.
- Houses have a median rent of $740 while Units have a median rent of $600.
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