217-223 King Street Melbourne VIC 3000

CBRE Melbourne are delighted to present for sale two side-by-side Melbourne CBD retail freehold buildings offered for sale together for the first time.

217-223 King Street, Melbourne presents an extremely rare opportunity to acquire two retail buildings in one of the Melbourne CBD's highest growth precincts surrounded by upcoming landmark developments.

217-223 King Street can be summarised by the following points:

+ Two rare double storey retail buildings known as 217-219 King Street and 221-223 King Street offering a combined 17.53 metres* of retail frontage to King Street and rear lane access and car parking to Uniacke Court

+ Offering a combined 350 square metre* Capital City Zone 1 (CCZ1) landholding with neighbouring planning application for a 25-level student accommodation project offering excellent development potential for a broad range of outcomes (STCA)

+ 217-219 King Street is offered with two ground floor retail leases to new restaurant tenant and Kebab Society as well as separate first floor hostel of nine (9) rooms offered with Vacant Possession with excellent occupation or rental potential with a total building area of 321 square metres* across both floors

+ 221-223 King Street is offered with a ground floor lease to popular convenience store and grocer 'Walkers Stop' as well as separate access to first floor long occupied to Melbourne Guan Yin Temple offered with Vacant Possession with enormous rental potential with a total building area of 313 square metres* across both floors

+ High development precinct with over $2bn worth of residential, student accommodation, office or mixed-use projects under construction, permit approved or in planning application within the immediate precinct

+ Excellent public transport connectivity with Bourke Street tram stop, Southern Cross Train Station and Lonsdale Street bus network all within a short walking distance to the property

217-223 King Street, Melbourne is offered For Sale individually or together via International Expressions of Interest campaign closing Thursday 28th November 2024 at 2:00pm (AEDT)

For further information, or to arrange an inspection please contact the below sales and marketing agents at CBRE:

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()