10 Gladstone Place, South Melbourne, Vic 3205

Ideal for studio, residence, storage or new project^

GrayJohnson is pleased to present for sale this single-storey warehouse located in a rapidly transforming precinct on the doorstep of the Melbourne CBD. With the current lease expiring in October 2025 and a favourable Capital City - Schedule 1 (CCZ1) zoning, this solid brick building has the potential for conversion to a studio, office or even a well-located residence^.

The A-grade inner-city location is in the heart of the Montague Precinct of Melbourne’s burgeoning Fishermans Bend, a precinct envisaged as having strong alignment with creative industries. Just around the corner is Greystar’s $500 million build-to-rent project with 700 state-of-the-art apartments, retail shops and service businesses. Shopping, public transport and South Melbourne Primary School are all just minutes away, with easy access to the West Gate freeway and CityLink via Montague Street. 

This is an exceptional opportunity to purchase an affordable property in a sought-after inner-city location.

Key features:
• Land and building area: 118 sqm*
• Excellent frontage: 6.9 metres*
• Roller shutter door access
• Currently leased till 1/10/2025 with no options
• Rental: $34,435 pa Net*

Location:
• Short walk to South Wharf, Convention Centre and Crown Casino
• 10-minute* walk to South Melbourne Market
• 5-minute* walk to South Melbourne Primary School
• 240m* to Montague Street Light Rail station 
• Easy access to M1 and M2 motorways

*approx
^STPA