OVERVIEW

Cushman & Wakefield are pleased to present the opportunity to acquire a world-class retail freehold investment, positioned opposite Bourke Street Mall in the coveted Melbourne CBD.

203-207 Elizabeth Street, Melbourne is for sale with the following key attributes:

- Generational Real Estate: A rare and exclusive opportunity, first time offered for sale in over 32 years.

- World-Class Location: Opposite globally renowned Bourke Street Mall, the most coveted shopping high street in Australia, with over 12.3 million pedestrians each year (City of Melbourne).

- Substantial Character Building: A character-filled 3-level historic freehold of 698sqm* underpinned by 281sqm* land parcel. Flexible Capital City Zoning provides a variety of value-add, repositioning or redevelopment opportunities in the future such as rear laneway retail activation or development (STCA). 

- Diversified Tenancy Mix: 3 ground floor retail tenancies complemented by 6 contemporary apartments on Level 1 & 2.

- Strong Income with Enormous Growth Potential: Current estimated income of $416,432 + GST p.a., with 12% retail vacancy and immediate upside to maximize income return on both retail and residential leases.

- Exceptional Exposure & Accessibility: Combined 33m* dual street frontage with prime Elizabeth Street retail exposure and rear residential access via 20 Somerset Place.

- Prestigious Retail Core Location: Situated in the heart of Melbourne’s CBD Retail Core, opposite Myer, David Jones, the Mecca flagship (opening 2025*) and global retailers, reinforcing its long-term desirability and positioning within Melbourne’s most sought-after retail precinct.

- An Unmissable Opportunity: 203-207 Elizabeth Street is a legacy asset situated in the core of the Melbourne CBD, a city with the fastest growing population in Australia.

*Approximate 

STCA – Subject to Council Approval

For Sale by International Expressions of Interest closing Thursday 13 March at 12pm (AEDT).

For more information or to arrange a private inspection, please contact Cushman & Wakefield as the exclusive selling agent.

Anthony Kirwan

+61 431 952 430

Oliver Hay

+61 419 528 540

Daniel Wolman

+61 412 957 839

Leon Ma 马海翔

+61 417 070 725