CLIFTON HILL
CRAFTED IN THE 19TH CENTURY, RE-IMAGINED FOR THE 21ST
Steeped in history and significance, 24 Groom Street, Clifton Hill is a landmark building with a rich history that dates all the way back to the 19th Century. In 1892, Charles Trescowthick began with a small boot and shoe factory. Within a few years, it became a thriving three (3) storey operation, employing 250 locals.
During the First World War, the factory played a vital role as the Commonwealth Government Harness and Saddlery Factory, producing supplies for Australia’s military.
Today, the building stands as a showcase of the current owners’ meticulous renovation, where every detail has been carefully considered to preserve its authentic heritage character while introducing modern standards of design and amenity.
The result is a refined architectural achievement that seamlessly unites historic charm with contemporary functionality, efficiency and style, delivering a workspace that is as practical as it is inspiring.
Jeremy Gruzewski Executive Director – Head of Agency
0422 211 021 jeremy@astoncommercial.com.au
Parnham Agency Executive 0424 961 895 angus@astoncommercial.com.au
BUILDING AREA 925M 2 * MIXED USE
SEVEN (7)* CAR SPACES
POTENTIAL FULLYLEASED INCOME OF $406,000* PER ANNUM
BUILDING DESCRIPTION
This exceptional three (3) level office building is a rare example of character and modern amenity seamlessly combined. Originally crafted with classic warehouse proportions, it showcases enduring architectural features including exposed red brickwork, soaring timberlined ceilings and polished timber floorboards.
A recent refurbishment saw no expense spared and has elevated the property to a meticulous standard, blending its rich heritage with contemporary functionality.
Encompassing a substantial 925m²* of building area, the building offers expansive open-plan areas complemented by partitioned meeting rooms, catering to a wide variety of business needs. The elevated upper levels provide sweeping views across the Melbourne CBD skyline, creating an inspiring backdrop for both staff and clients.
Practicality and comfort have been carefully considered, with kitchenettes and bathrooms on multiple levels, ensuring convenience throughout. Modern infrastructure is seamlessly integrated, while the overall layout has been thoughtfully designed to enhance efficiency and flexibility.
Further enhancing its appeal, the property provides seven (7)* secure off-street car parks, direct access to a goods lift, and a beautifully finished interior that balances style with usability. The combination of scale, character and amenity makes this an outstanding opportunity for an owner-occupier seeking a long-term headquarters, or an investor aiming to secure a premium, incomeproducing asset in one of Melbourne’s most tightly held city-fringe locations.
A PREMIUM, INCOME-PRODUCING ASSET IN ONE OF MELBOURNE’S MOST TIGHTLY HELD CITY-FRINGE LOCATIONS.
GROUND FLOOR
COURTYARD
The ground floor has access to side courtyard and its own direct entry from Groom Street.
Currently leased as a marketing office the space has been fitted with private meeting rooms, offices and open plan work stations.
308.3 m 2 *
Two (2)* car parks are allocated
FIRST FLOOR
The first floor is currently leased back by the current owners. There is some flexibility on the lease, they are happy to see out their commitment but could also make arrangements to vacate and provide the incoming owner more space if required.
This floor has been fitted with two meeting room/offices facing Groom Street with the rest being open plan.
308.3 m 2 * Three (3)* car parks are allocated
SECOND FLOOR
The second floor or Penthouse level is a true masterpiece!
Fitted with kitchen and bathroom the rest of the floor is open plan and provides the ultimate blank canvass to create a space that suits you! The Mixed Use zoning provides for commercial and residential use,. allowing the ultimate flexibility.
Your own penthouse apartment, office or a combination of both. The elite space is only limited by your imagination.
308.3 m 2 *
Two (2)* car parks allocated.
THE PROPERTY IS A STANDALONE BUILDING THAT YOU OWN 100% OF.
The building sits within a body corporate for which you share a common driveway that provides access to the seven (7) car spaces on title, security gates and access to a goods/passenger lift. The cost of maintaining and servicing the goods lift is shared with the rear building.
ZONING: MIXED USE (MUZ)
BUILDING PERMIT: BS-U 43342/4635432847758
Issued 10 January 2022
ROSENEATH STREET
YARRABING LANE
GROOM
CLIFTON HILL
24 GROOM STREET
COURTYARD
COMMON DRIVEWAY
TENANT PROFILE: GROUND FLOOR
The ground floor is leased to inlight media group. The business designs digital products like building blocks; flexible, reusable and interchangeable. Start with a strong foundation, then add, remove or swap components as your business evolves. No more starting from scratch.
The first floor is currently leased to a business operated by the property owner.
There is some flexibility over this space, it can be made available for owner occupiers who require more space in the building. However they are just as comfortable with the lease commitment remaining in place.
RARELY DOES A BUILDING WITH THIS PROVENANCE COME TO MARKET
EASTERN FREEWAY
NOONE STREET
ALEXANDER PARADE
HODDLESTREET
ROSENEATH STREET
HURSTBRIDGE TRAIN LINE
MCG
VICTORIA PARK
YARRA RIVER
DIGHTS FALLS
MELBOURNE CBD
VICTORIA PARK TRAIN STATION
VICTORIA PARK CLIFTON HILL
24 GROOM STREET
LOCATION SUBURB PROFILE
Clifton Hill is one of Melbourne’s most tightly held Inner-North suburbs, offering strategic proximity to the CBD. Its heritage streetscapes featuring Victorian terraces, Edwardian homes and converted warehouses create a diverse property landscape that appeals to both residents and commercial investors.
The suburb’s vibrant local economy is anchored by cafés, boutique retailers and the Queens Parade shopping precinct. Clifton Hill boasts exceptional connectivity, with
Clifton Hill Station offering direct rail access to the city and multiple tram and bus routes strengthening transport links. Immediate access to the Eastern Freeway further supports accessibility and connectivity.
For the commercial property owner, the suburb presents a compelling investment proposition, combining consistent tenant demand, strong rental yields and the potential for value growth, making it one of Melbourne’s most sought-after city-fringe locations.
TOP SECTOR OF EMPLOYMENT
PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES
HEALTH CARE AND SOCIAL ASSISTANCE
EDUCATION AND TRAINING
PUBLIC ADMINISTRATION AND SAFETY
RETAIL TRADE
A LANDMARK REINVENTED
WITHOUT COMPROMISE
GROOM STREET
CAR PARKING P
CAR PARKING P
GROOM STREET
CLIFTON HILL
GROOM STREET
CLIFTON HILL 24
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.