19 Ovens Street, Brunswick VIC 3056

Auction

27 Oct

Written By Jo Magliocco

Property Type:

Warehouse

4 Car Spaces

Land Size 545m2*

Building size 405m2*

Inner-North Freehold with Mixed Use Zoning & On-Site Parking

Auction: Friday, 12th December at 12pm - on site

Total building area of 405m²*
Land area of 545m²*
3-year lease from 15 May 2025 with 4% annual reviews and two further 3-year options

Tucked just off Sydney Road and surrounded by new and established apartment buildings, this versatile Brunswick freehold offers the perfect blend of position, profile and development opportunities (STCA). First time ever offered, 19 Ovens Street is an opportunity to secure a Mixed Use–zoned asset in a blue-chip inner-north growth pocket only 4.8 km from the CBD.

Currently leased on a 3 year term (commenced 15 May 2025) with two further 3-year options, the property delivers immediate income with clear upside in a location prized by retailers, service operators and hospitality alike. Four on-title car spaces at the front make customer access effortless—rare and valuable this close to Sydney Road.

Highlights

Mixed Use Zoning (MUZ) – flexible future use (retail, service, office, hospitality, redevelop all STCA)
Secure 3 year lease from May 2025
Securely let at $72,000 per annum until 14 May 2028, with two further 3-year options available to the tenant.
Annual reviews of 4%
Four (4) off-street car spaces at the front
Front roller door access
Stone’s throw to Sydney Road dining/retail and Route 19 tram
4.8 km* to Melbourne CBD
First time ever offered – tightly held Brunswick holding
Surrounded by apartment complexes – strong and growing local customer base

Location

Moments to Sydney Road’s cafés, grocers and late-night eateries, with the Upfield train and Upfield Shared Path nearby for effortless connectivity. Easy access to Royal Parade, CityLink and key arterials.

Investment

Leased to an established operator on a long term lease with options, providing income certainty in one of Melbourne’s most resilient and in-demand inner-urban markets.

From 1 July 2024, eligible buyers of commercial and industrial properties can choose to pay stamp duty in full at settlement or spread the payments over 10 years.

For further information or to arrange an inspection, please contact LAUREN CLINGAN on 0412 195 542

All areas and distances are approximate; purchasers should make their own enquiries. Terms, outgoings and tenancy details available on request.

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