OVERVIEW

Cushman & Wakefield Strata Markets is pleased to present for sale, 13 Somerset Place, Melbourne, a superb two-level strata retail asset, leased to a longstanding, high performing international retail tenant. 

The property comprises the following key attributes:

Positioned one block from Bourke Street Mall, 13 Somerset Place is situated in a thriving Melbourne laneway in the heart of the prestigious Retail Core precinct, parallel to Elizabeth Street / Bourke Street Mall and adjacent to Little Bourke Street.

Two-level strata retail asset of 148sqm* with prominent corner street frontage of 10m+, high ceilings and excellent natural light throughout.

Leased to longstanding tenant of over 10 years, global fashion powerhouse label founded in Japan and now headquartered in Paris, ‘Comme des Garçons, Melbourne’ (CDC).

3 + 5 year lease term returning a current estimated net income of $79,706 + GST + Outgoings p.a. with fixed 3.50% rental increases each year.

13 Somerset Place comprises two titles, Lot 7 & 8, providing future sub-letting or sell-down opportunities.

Favorable Capital City Zoning provides a variety of future potential uses including hospitality, office, medical, gallery, residential and more (STCA).

High performing 7-day retail location between Bourke Street Mall and Hardware Lane, home to brands including Kathmandu and Grand Hatters, in addition to established restaurant operators Osteria Illiaria, Tippo 00, Kirks’s Wine Bar and Plus 39. 

First time offered for sale in 17+ years, 13 Somerset Place is a perfect opportunity for SMSF buyers, astute investors or forward-thinking owner occupiers.

For Sale by International Expressions of Interest closing Wednesday 19 March 2025 at 12:00pm.

For more information please contact Cushman & Wakefield as the exclusive selling agent.

Anthony Kirwan

+61 431 952 430

Jeff Ha 石军豪 

+61 401 145 166

Jack Cooper 

+61 498 231 704