Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area

Property Description

·      One of East Melbourne’s most prominent corner sites, at the intersection of Albert Street and Lansdowne Street

·      Elegant double-storey Victorian building comprising 885 sqm* of building area with additional surplus land of 199 sqm* used as a rear carpark

·      Occupying a significant 892 sqm* landholding with three street frontages totalling over 68 m*

·      Securely leased to a longstanding medical research organisation

·      Uninterrupted views over Fitzroy Gardens, St Patrick’s Cathedral and the “Paris End” of the CBD

·      Outstanding medium-to-long term repositioning opportunity

·      Flexible Commercial 1 Zoning allowing for medical, office, hotel and premium residential uses (STCA)

·      First time offered to the market in over 25 years

·      Surrounded by an abundance of Melbourne’s best parklands, close to the MCG, as well as significant retail and hospitality amenity

·      Benefitting from proximity to Parliament Station (475 m*), multiple tram and bus routes along Victoria Parade and walking distance to the CBD

 

For sale by Expressions of Interest closing Tuesday 1st December at 2.00pm (AEDT)

 

Michael Godfrey | +61 437 440 245

 

James Thorpe | +61 414 510 071

 

Tom Foley | +61 401 318 706

 

Steve Kelly | +61 407 320 377

 

Josh Rutman | +61 411 27 37 46

 

 

*approx.

Investment Highlights

·      Unparalleled location overlooking Fitzroy Gardens

·      Prominent corner landholding of 892 sqm* with on-site car parking at rear

·      Securely leased to longstanding medical research organisation

Last Updated Date: 03 Dec 2020
Michael Godfrey
Michael Godfrey
Executive, Capital Markets
James Thorpe
James Thorpe
Director, Capital Markets

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Last Updated Date: 03 Dec 2020

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