I'M AN EXCEPTIONAL FREEHOLD WITH PROVEN INCOME STREAMS. INVEST, OCCUPY OR DEVELOP.
Aston are pleased to present an exceptional opportunity to acquire this distinctive Brunswick freehold.
This property offers a rare opportunity to acquire a secure, freehold asset in the heart of Brunswick’s creative district combining warehouse-style charm with a diverse mix of studio tenancies and residential apartments that deliver a resilient, cash-flow-positive income stream. The property offers both immediate income and future adaptability for re-positioning or re-development, making it a standout investment with long-term growth potential in one of Melbourne's most sought after suburbs.
BUILDING DETAILS
The property is a classic two (2) level warehouse common throughout Brunswick and Melbourne’s City Fringe. In more recent times the owner has transformed the building into a vibrant hub comprising Twenty-Three (23) studio units and Three (3) residential apartments. There is a common kitchen, WC, courtyard facilities and balconies for the residential apartments plus three (3) off street car parks. Situated over two (2) levels the property has the following dimensions:
TWO (2) STOREY MIXED USE WAREHOUSE
Ground Floor: 357m2*
First Floor: 375m2* (including balconies)
Total: 732m2*
The existing layout is ideal for investors seeking to maximise income and occupancy, while also offering the flexibility to adapt the space for whole-building or partial occupancy. Zoned Mixed Use, the property allows for both residential and commercial uses.
REAR AND SIDE LANEWAY ACCESS
BUILDING AREA 732m2*
THREE (3) STREET FRONTAGES PROVIDING AN ABUNDANCE OF LIGHT AND ACCESS.
INCOME ANALYSIS
STUDIO AND APARTMENT DETAILS
This property delivers multiple, secure income sources with a varied mix of occupants, including: - Consulting - Health and beauty - Fashion - Design
Residential
All three (3) residential apartments are being offered on 12–24 month standard REIV leases, providing stable tenancy and income security The Studios
The studios operate under flexible tenancy arrangements, requiring only one (1) month’s rent in advance with no lease or bond.
Tenants provide one (1) month’s notice to vacate, extended to three (3) months during November, December and January.
The owner has stated the property has maintained a long-term average vacancy rate of just 5%.
Based on the figures provided, the property generates a total net income of $252,753 per annum
PRIME BRUNSWICK POSITION
BRUNSWICK 3056
Located just 5km* north of Melbourne’s CBD, Brunswick is one of Melbourne’s most vibrant and sought-after innercity suburbs, known for its vibrant culture, creative community and convenient lifestyle, 2 Manallack Street is positioned in the heart of Brunswick’s inner-city precinct, just off Sydney Road and within easy walking distance of the suburb’s key amenities. Sydney Road is renowned as an iconic and vibrant thoroughfare, celebrated for its eclectic mix of cafés, restaurants, bars, boutique retailers and cultural venues. The area offers excellent connectivity
via Brunswick and Jewell Train Stations, the Route 19 Tram and key cycling routes. Popular with young professionals, students and creatives, Brunswick benefits from proximity to RMIT University and the University of Melbourne, local parks and employment hubs, driving consistent tenant demand. With its dynamic mix of amenities, strong rental growth, access to Melbourne's best hospitals and enduring popularity, Brunswick remains a resilient and highperforming suburb for both residential and commercial investment.
BRUNSWICK City of Merri-bek
SUBURB PROFILE
POSITIONED FOR CONVENIENCE
FLOORPLAN
FIRST FLOOR AREA
(INCLUDING ROOF DECK)
375m2*
GROUND FLOOR AREA
357m2*
BRUNSWICK
2 MANALLACK STREET
WHAT, WHEN & HOW?
Expressions of Interest closing Thursday 9 October at 3pm
Terms: 10% deposit with the balance payable in 60-90 days
Payment of Deposit:
Macquarie Direct Debit Pay via secure portal link
DISCLAIMER
“Materials” refers to any and all, statements, documents, data, statistics, measurements, estimates, figures, calculations, images, projections, approximates or other representations, whether explicit or implicit, provided or published by Aston Commercial Pty Ltd, its employees or agents (Aston Commercial). The Materials constitute general information and are provided for the recipient’s exclusive and confidential use to assist with inquiries in relation to property or land. The Materials in no way constitute advice, an offer, or a contract and should not be relied upon in any way in entering a contract or agreement. Aston Commercial makes no representations and assumes no liability as to the completeness, correctness, context, or suitability of the Materials. Any dimensions or measurements of the property or the land (internal and external) are approximates only. A person should seek professional advice, including but not limited to legal advice, and conduct their own investigations to satisfy themselves of the property or land, including dimensions or measurements. Limitation of Liability: Aston Commercial excludes, to the fullest extent permitted by law, all inferred or implied terms, conditions and warranties arising in connection to the Materials and all liability for loss, damage, injury or claim (whether direct or indirect) in connection to its use or reliance. Where liability cannot be excluded, Aston Commercial limits, to the fullest extent permitted by law, all liability for loss, damage, injury or claim (whether direct or indirect) in connection to use or reliance of the Materials.
