Investment Property
For Sale
  • Retail
  • Trophy Retail Asset in Melbourne’s CBD Retail Core - A Coveted Greek Precinct & Chinatown Freehold

    189-191 Lonsdale Street, Melbourne, Victoria 3000 Australia
    Investment Property
    For Sale
  • Retail
  • Trophy Retail Asset in Melbourne’s CBD Retail Core - A Coveted Greek Precinct & Chinatown Freehold

    189-191 Lonsdale Street, Melbourne, Victoria 3000 Australia
    Building Size
    467 SQM
    Lot Size
    212 SQM
    Building Size
    467 SQM
    Lot Size
    212 SQM

    OVERVIEW

    Cushman & Wakefield Melbco City Sales and Alexander Robertson are delighted to present for sale 189-191 Lonsdale Street, Melbourne with the following key attributes:


    - A once in a generation opportunity, 189-191 Lonsdale Street is offered for sale for the first time in 38+ years.


    - One of only ten (10) buildings on the ‘Golden Mile’ of the famed Greek Precinct of the Melbourne CBD and metres from the heart of Chinatown.


    - Superb three (3) level freestanding building with 10m* of prominent Lonsdale Street frontage.


    - Total current estimated net income of $122,731.41 + GST + Outgoings p.a. Partially leased with 70.23% vacancy providing enormous rental uplift potential or owner occupier appeal.


    - Two ground floor retail tenancies are leased to Melbourne institution ‘Caras’, a Greek music, travel agent and gift store and ‘Black & White Co’ trading as popular ‘Tobacco Vape Channel’.


    - An incredibly rare 7am liquor licence accompanies Level 1 & 2, an untenanted nightclub and hospitality venue with separate access from Lonsdale Street.


    - Blue chip Retail Core location between Swanston Street and Russell Street, with immediate proximity to QV Melbourne, Melbourne Central Shopping Centre, Emporium Melbourne, the Theatre Precinct and more.


    - The sub $10million Melbourne CBD freehold you’ve been waiting for. 




    For Sale by International Expressions of Interest closing Friday 15th September 2023 at 12.00pm 




    For more information please contact Cushman & Wakefield Melbco City Sales and Alexander Robertson as the exclusive selling agents.


    Cushman & Wakefield Melbco 

    Oliver Hay | +61 419 528 540

    Anthony Kirwan | +61 431 952 430

    Daniel Wolman | +61 412 957 839

    Leon Ma 马海翔 | +61 417 070 725


    Alexander Robertson 

    Kristian Peatling | +61 411 600 754

    Warwick Bramich | 0419 373 196



    *Approximate

    STCA – Subject to Council Approval

    - Melbourne CBD

    Details

    Building Size:
    467 SQM
    Sale Price:
    Negotiable
    Lot Size:
    212 SQM

    AVAILABILITIES

    LOCATION

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