Cushman & Wakefield Melbco City Fringe Sales are delighted to present For Sale 127 Dorcas Street, South Melbourne. This remarkable freehold property is 100% leased, making it an ideal investment opportunity, while also offering endless potential for future development given its rare mixed-use zoning (MUZ) and stunning view corridors back to the Melbourne city skyline.
- A distinctive and prominently positioned freehold property, just 2.5km* from the Melbourne CBD.
- Situated on a prime city fringe corner land allotment of 256sqm* improved by a charming 2-level building with a total GBA of 446sqm*.
- Currently 100% Leased to The Venue Company Pty Ltd operating as ‘Pandora’, an exclusive and renowned Melbourne nightlife destination, generating a rental income of $160,684* + GST & Outgoings p.a. (as at Sep-24), with annual increases of 3.50%.
- Boasts an irreplaceable 24-Hour Liquor Licence and rare venue capacity of 600* persons.
- The building has undergone substantial improvements and renovations in recent years, significantly enhancing its value and functionality.
- Offers enormous future development potential due to its corner positioning, coveted mixed-use zoning (MUZ), and protected view corridors of the Melbourne city skyline.
- Strategically positioned for maximum visibility, with thousands of daily commuters passing by on Kings Way — prime exposure for high-impact branding and business presence.
- Surrounded by significant recent developments, guaranteeing a consistent flow of professionals and residents to the area, bolstering customer engagement and investment potential.
- An unrivalled lifestyle-drive South Melbourne location within walking distance to Melbourne’s best amenity including the South Melbourne Market, Albert Park Lake, Botanic Gardens, Crown Casino and the Melbourne CBD.
- Experience the advantage of being at the heart of South Melbourne’s vibrant community, with proximity to top-rated dining, shopping, and entertainment venues.
- Easily accessible via the Westgate Freeway and well-connected by public transport through Kings Way, Clarendon Street, and the upcoming Anzac Train Station.
- Take advantage of South Melbourne’s continuous development and urban planning improvements, which are set to enhance property values and business opportunities in the years to come.
For Private Sale
For more information, please contact Cushman & Wakefield Melbco City Fringe Sales as the exclusive selling agent:
George Davies | +61 421 799 489
Anthony Kirwan | +61 431 952 430
Jeff Ha 石军豪 | +61 401 145 166
- Melbourne City Suburbs
