121-127 Arden Street

North Melbourne VIC 3051

- Newly refurbished, ground floor retail and office investment spanning 389m GBA;
- Leased to two strong and established businesses; APEX Homes Australia and Ausmed Education;
- Strong rental returns with a combined net passing income of $106,950 p.a. and fixed 3.00% increases;
- Dominant Arden Street frontage of 20m* providing excellent exposure, multiple points of access and tenancy flexibility;

THE LOCATION
- Arden Street is renowned as the home of North Melbourne Football Club; the precinct is dotted with parklands, destination cafes, pubs and has been a focal point of recent development;
- Arden Street links Abbotsford Streets tram network and Errol Streets historic retail village;
- Linkage to Melbournes public transport network, includes the 57 Tram just metres from the doorstep and North Melbourne Train Station providing direct access to the CBD.

FUTURE PROOF
- Metres from the Metro Rail Network, Victorias largest infrastructure project; at a total cost of $11b, the project is currently under construction and slated for delivery by 2025;
- The new North Melbourne Train Station will provide a link to the University and Biomedical Precincts, along with a cross-town connection further solidifying North Melbournes status as a future proof location;
- Set to benefit from the Arden Urban Renewal Project, accommodating for an additional 34,000 jobs and 15,000 residents across the precinct by 2051*.

A premium investment in the Arden Precinct, securely leased with long term upside; an opportunity not to be missed.

*data sourced from the Victorian Planning Authority (VPA).

For Sale by Private Treaty

To arrange an inspection or for more information please contact Colliers International as the exclusive selling agents.

GEORGE DAVIES | +61 421 799 489
ANTHONY KIRWAN | +61 431 952 430