481-485 Victoria Street, Abbotsford

PRIME MIXED-USE CORNER FREEHOLD WITH DEVELOPMENT UPSIDE (STCA)

Jones Real Estate is proud to present 481–485 Victoria Street, Abbotsford, For Sale via Public On-Site Auction on Thursday 21 August 2025 at 12:30pm (AEST).

This high-profile corner freehold offers a rare opportunity to secure a versatile mixed-use opportunity within one of Melbourne’s most dynamic lifestyle precincts, combining two expansive ground-floor retail tenancies with two double-storey townhouses in a premium city-fringe location.

Situated along the iconic Victoria Street retail and dining strip, the property benefits from exceptional exposure within a bustling precinct surrounded by Woolworths, Dan Murphy’s, Bunnings and popular eateries, while also offering significant future value-add and development potential up to seven (7) levels (STCA).

Key highlights include:

– Prominent corner freehold with 46m* combined frontage to Victoria Street and Cooke Street, plus 18m* R.O.W.

– Two expansive, double-storey townhouses, each comprising three bedrooms, 2.5 bathrooms, open-plan living, expansive balconies, and large, secure two-car garages.

– Two ground-floor retail tenancies totalling 336sqm* of gross building area, offering immediate income potential and future leasing flexibility.

– Offered with four individual titles, allowing exceptional flexibility for future resale, leasing, or development strategies.

– Zoned Commercial 1 (C1Z), providing flexibility for a wide range of future commercial, residential or mixed-use development outcomes (STCA).

– Positioned within a vibrant retail, dining and lifestyle precinct near Victoria Gardens, Richmond Traders, and The Hive Shopping Centre.

– Excellent public transport connectivity with tram routes 109 and 78, and walking distance to North Richmond (12min*) and Collingwood (15min*) stations.

– Close proximity to major arterials including Hoddle Street and the Eastern Freeway, ensuring seamless access to Melbourne’s CBD and surrounding suburbs.

– Exceptional development upside, with potential to build up to seven (7) levels (STCA), unlocking additional value in a thriving inner-city growth corridor.

For further information or to arrange an inspection, please contact the exclusive selling agents at Jones Real Estate.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.