Cushman & Wakefield Melbco City Sales are delighted to present for sale 385 Little Lonsdale Street, Melbourne, a substantial 5-level corner freehold building in the heart of the CBD, with the following key attributes:
- Superb Melbourne CBD Retail Core location, a true 24/7 precinct.
- Significant underlying land parcel of 351sqm* with prime corner street frontage of 38m* to Little Lonsdale Street & Hardware Street.
- Rare, recently refurbished 5-level retail and office freehold building of 1,110sqm* Net Lettable Area (NLA) plus a secure basement car park for 10+ vehicles, totalling 1,739sqm* Gross Building Area (GBA).
- Partially leased, a diversified current income profile of $301,068.11* + GST + Outgoings p.a. with enormous rental upside to be achieved.
- Genuine opportunities to owner occupy immediately, invest, maximize income returns and add value through rooftop activation, signage or construction of additional levels (STCA).
- Favourable Capital City 1 Zoning (CCZ1) permitting office, accommodation, medical, education, retail, hospitality and mixed uses (STCA).
- Booming Midtown CBD position, surrounded by landmark developments with direct access to all forms of public transport, including Melbourne Central Train Station (120m*).
- Strategic gateway corner location into Melbourne’s coveted cultural golden mile, Hardware Lane Dining Precinct.
For Sale by International Expressions of Interest closing Thursday 11 April 2024 at 12pm.
For more information, please contact Cushman & Wakefield Melbco City Sales as the exclusive selling agent:
Melbco City Sales
Anthony Kirwan | +61 431 952 430
Daniel Wolman | +61 412 957 839
Oliver Hay | +61 419 528 540
Asia Capital Services
Leon Ma 马海翔 | +61 417 070 725
*approx
*STCA - Subject to council approval
- Melbourne CBD
