11 + 15-19 Graice Street, North Melbourne - Information Memorandum

As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.

Superbly positioned at the intersection of Gracie Street and Reynolds Street, this substantial two level commercial building of 832sqm* on generous landholding of 1,068 sqm* sits within the heart of the Melbourne Medical and Biomedical Precinct, just 3km from the CBD. This is a rare offering in a rapidly evolving precinct earmarked for significant growth and investment. The combination of size, location, access, and amenity makes this an opportunity not to be missed with unmatched potential in a premium inner-city setting.

Boasting excellent connectivity via major arterials including Macaulay Road and CityLink, and within walking distance to current and future public transport infrastructure, the property offers outstanding potential for owner-occupiers, investors, or developers (STCA) seeking to capitalise on its strategic location, high-profile exposure and flexible configuration.

1,068 sqm*

832 sqm*

Unlock your future with a rare beauty in a thriving inner-city neighbourhood.

Craig McKellar | 0431 892 780 craig.mckellar@cva.melbourne

“Opportunities like this don’t come around often. A prominent corner freehold right in the heart of the Arden Precinct, offering scale, flexibility and longterm potential — it really does tick every box”

Craig has been transacting commercial real estate in Melbourne’s north for more than a decade. And in that time, he’s marvelled at how the properties within this point of the city have adapted to the burgeoning urban landscape. It’s a transformation he has witnessed not just as a real estate agent but a property consultant, too. He’s equipped with the resources to think beyond today and forecast market trends, investor profitability and even Melbourne’s weather — yes, you should always pack a jumper.

Ian Angelico | 0418 336 088 ian.angelico@cva.melbourne

“Standing on this corner, you can feel the momentum of the area. With the Arden Precinct transforming around it, this property is perfectly placed for those ready to be part of Melbourne’s next chapter ”

In more than 30 years, Ian has witnessed the successful signing of more than two thousand commercial real estate transactions – which is more of a legacy, than a track record. And it’s one that has been achieved by adopting a methodical approach amongst a myriad of changing variables. It’s one that has been sharpened through his holistic exposure to commercial projects across all points of Melbourne. By focusing on maximising each property’s profitability, Ian ensures that at the end of the day, it’s maximising value that determines his success.

The premises at 15–19 Gracie Street, North Melbourne have been extensively fitted out to a high standard, offering a modern and functional commercial environment. Upon entry, the reception area makes a strong impression with a curved timber reception desk and feature timber ceiling panels incorporating recessed lighting. The polished concrete flooring provides a sleek, durable finish, while timber slat partitions create subtle divisions between spaces without compromising the open, inviting feel of the area.

The stairwell and circulation areas have been designed to enhance light and connectivity throughout the building. The glass balustrades and neutral colour palette create a bright and spacious atmosphere, complemented by quality finishes and ..and loading access for trucks via Reynolds Street.

The kitchen and staff amenities have been upgraded to a contemporary standard, featuring light timber cabinetry, stainless-steel appliances, and a large central stone island bench with breakfast bar seating. This well-appointed space promotes comfort and convenience for staff, supporting informal gatherings and a collaborative workplace culture.

The open-plan office areas are fitted with modern workstations, ergonomic seating, and generous natural light from large windows overlooking mature trees. The combination of acoustic ceiling tiles, quality carpet, and hanging greenery creates a comfortable, productive, and visually appealing workspace. Breakout and lounge areas with soft furnishings and coffee tables provide informal meeting points and relaxation spaces, contributing to a flexible and inclusive work environment.

Overall, the property presents as a high-quality, well-maintained office environment. The use of energyefficient LED lighting, modern materials such as glass, timber, and polished concrete, and thoughtful interior detailing all reflect a professional and contemporary aesthetic suited to a variety of commercial occupants.

Principle Outgoings

Site Details

$38,937 per annum

$4,664.00 per annum

15-19 Gracie Street

Frontage to Reynolds Street

metres Gracie Streetboundary

South-Eastern side boundary

Total site area

Site Details 11 Gracie Street

Frontage to Gracie Street & rear boundary

Title particulars Certificate of Title — Volume 10156 Folio 182 Lot. 1 PS319666

Zoning

Planning Overlays

metres

metres

Special Use Zone - Schedule 7 (SUZ7)

Buffer Area Overlay - Schedule 2 (BAO2)

Development Contributions Plan Overlay - Schedule 3 (DCPO3)

Design And Development Overlay - Schedule 82 (DDO82)

Environmental Audit Overlay (EAO)

Land Subject To Inundation Overlay - Schedule 3 (LSIO3)

Parking Overlay - Precinct 15 (PO15)

All signs point to: Gracie Street.

Situated in one of Melbourne’s most connected city-fringe pockets, Gracie Street, North Melbourne offers exceptional accessibility, modern infrastructure, and a thriving commercial atmosphere. Here are some notable aspects and benefits of buying property in this area:

Prime Inner-City Location:

Perfectly positioned just minutes from Melbourne’s CBD, Gracie Street provides exceptional access to the heart of the city while maintaining a quieter, more accessible environment. Its proximity to key business districts like Docklands and Parkville makes it ideal for companies that value convenience and connectivity without the premium costs of inner-core office spaces.

Excellent Transport Connectivity:

The area is exceptionally well-serviced by transport infrastructure, including quick links to CityLink, Boundary Road, and Macaulay Road. Public transport is easily accessible, with the new Arden Street Statiion and Macaulay Stations ensuring efficient commuting for employees and clients. The strategic positioning also allows for easy freight and delivery movements across metropolitan Melbourne..

Established Commercial Precinct:

Gracie Street sits within one of North Melbourne’s most active commercial pockets, surrounded by modern offices, light industrial warehouses, and showrooms. The precinct is home to a variety of professional and creative businesses, offering opportunities for collaboration and networking in a well-established business environment.

Amenity-Rich Environment:

Staff and clients enjoy the convenience of nearby cafés, eateries, gyms, and essential services, all within walking distance. The blend of professional and lifestyle amenities creates a balanced, vibrant atmosphere that enhances workplace satisfaction and productivity. The area’s urban character and accessibility also make it an attractive location for visiting clients and partners.

High-Growth Investment Area:

North Melbourne continues to experience strong growth driven by infrastructure upgrades, urban renewal projects, and mixed-use developments. With ongoing investment from both public and private sectors, properties in this location benefit from rising demand, excellent capital appreciation potential, and a stable commercial environment for long-term tenants.

AND THE POINT?

Gracie Street, North Melbourne is ideal for business due to its prime location, easy access, strong commercial presence, nearby amenities, and ongoing growth potential.

All signs point to: North Melbourne.

North Melbourne is one of Melbourne’s most strategic and desirable business locations, offering a strong combination of accessibility, vibrant community, and long-term growth potential. Just minutes from the CBD, it provides easy access to key districts such as Docklands, Parkville’s Biomedical Precinct, and Kensington, making it ideal for businesses seeking both prestige and convenience without the congestion or high costs of the inner city.

The suburb is exceptionally well-connected, with CityLink, Boundary Road, and Macaulay Road nearby, along with Macaulay and North Melbourne train stations and multiple tram routes, ensuring smooth commuting for staff, clients, and logistics. North Melbourne is home to a thriving mix of offices, showrooms, creative studios, and light industrial warehouses, fostering collaboration and attracting a diverse business community.

Adding to its appeal, the area offers a range of cafés, restaurants, gyms, and retail outlets, creating a convenient and enjoyable work environment. Continuous urban renewal and infrastructure investment further enhance its value, making North Melbourne a location that combines connectivity, amenities, and growth opportunities — an ideal foundation for any business looking to thrive.

Private Sale Process

At CVA, we are dedicated to providing a professional and transparent experience throughout the private sale process.

To ensure clarity and fairness, we have outlined the key steps below, allowing prospective purchasers to fully understand the process when submitting an offer.

1. Submitting Offers

Offers can be submitted at any point during the private sale period, as there is no fixed closing date. We recommend that all interested parties submit their strongest offer using the provided documentation, ensuring all fields are completed and the form is signed. Once submitted, your offer will be promptly presented to the vendor for consideration.

2. Review Process

Upon receipt, all offers are carefully reviewed by the vendor. We will communicate any feedback or decisions regarding your offer in a timely manner. Unlike auctions or formal Expressions of Interest campaigns, the private sale allows the vendor the flexibility to accept, negotiate, or decline offers at their discretion as they are received.

3. Contract and Settlement

Should your offer be accepted, a formal contract of sale will be prepared. At this stage, a deposit may be required to secure the property. The agreed terms of the contract, including the settlement period, will then be finalised between the buyer and vendor.

We strive to maintain open communication and provide professional guidance throughout the private sale process, ensuring a seamless experience for all parties involved.

For more information, contact

Craig Mckellar

0431 892 780

craig.mckellar@ cva.melbourne

Ian Angelico

0418 336 088 ian.angelico@ cva.melbourne