Coffee roaster expands north
Rosso Coffee has leased the triple fronted North Melbourne warehouse recently vacated by Melbourne Indoor Plants.
On Dryburgh Street, which extends north of Spencer, the building will be the retailer’s second espresso bar; the 16 year old group also operates at 472 Flinders Lane (pictured, top), near the Rialto.
The starting annual net rent at North Melbourne is $74,000 or $127 per square metre.
Rosso will also pick up outgoings – about an extra $16,000 per annum ($27.50 per sqm).
NSL Property Group’s Guy Naselli was the agent.
Boom coming
On 406 sqm at 113-117 Dryburgh St, the Rosso property has in recent years been the subject of a planning application for 11 dwellings over four storeys (story continues below).
The site falls under the Arden precinct structure plan – encouraging intense residential and commercial development coinciding with the Metro Rail station, set to connect the area to South Yarra via Parkville and the CBD by 2025.
Commercial construction to date however has been slow – with only one investment grade office complete – the Mustang-inspired VACC headquarters at 650 Victoria St.
Another building was mooted last year assuming a pre-commitment, on Arden St, abutting the Metro Tunnel stop.
Accord Property also has an office proposal on the cards – at 88 Laurens St, next door to the Is Don Is Good silos.
Melbourne Indoor Plants still operates from four outlets including opposite South Melbourne Market.
Subscribe to our newsletter at the bottom of this page.
