Property Description

For Sale – Landmark Inner-City Industrial Asset with Dual Income Powerhouse

Melba Real Estate is delighted to present an extraordinary opportunity to acquire one of Brunswick’s most significant industrial freeholds—a blue-chip inner-urban landholding delivering secure dual income, exceptional infrastructure, and transformative redevelopment potential.

Situated in a tightly held industrial pocket just minutes from Melbourne’s CBD, this property is a true rarity, combining substantial holding income with multiple exit strategies—making it a trophy acquisition for the astute investor or developer.

Investment Highlights

• Two Secure Income Streams – Diversified tenancies delivering strong cash flow

• Commanding Landholding – ~6,000 m² with extensive high-clearance warehouse footprint

• Strategic Inner-City Position – Direct connectivity to Sydney Road, CityLink, and public transport

• Significant Redevelopment Potential – Industrial, commercial, or mixed-use opportunities (STCA)

• Proven Subdivision Feasibility – Supported by dual-lot precedent at 44A Phoenix Street

• Premium Industrial Infrastructure – Heavy-duty power, gantry cranes, hardstand, and container access

Current Tenancy Profile

Tenancy 1 – 44A Phoenix Street

• Purpose-built self-storage facility (~300 units) over two levels

• Includes 3-bedroom apartment with balcony (additional income potential)

• Internal lift servicing both floors

• Lease Expiry: Feb 2026

Tenancy 2 – 44B & 44C Phoenix Street

• Former engineering facility with extensive high-spec infrastructure

• Main Warehouse: ~2,418 m² | 78m × 31m × 9m high

• 2 × 10-tonne gantry cranes (15m span each)

• Warehouse Annexe: ~196 m² | Office Space: ~220 m²

• Dual container-height electric roller doors

• Hardstand yard & heavy-duty 3-phase power

• Lease Term: Approx. 10 years remaining

44 Phoenix Street is more than just a landholding—it’s a strategic gateway to Melbourne’s future urban-industrial evolution. With multiple income streams, irreplaceable positioning, and a range of redevelopment pathways, this is a rare chance to secure a generational asset.

Contact Melba Real Estate – Exclusive Agents
Opportunities of this caliber in Brunswick’s industrial core are exceptionally scarce.
Request the Information Memorandum or arrange your confidential inspection today.

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