Colliers Melbourne City Sales are delighted to present For Sale 483-485 Elizabeth Street, Melbourne.
Offered for the first time in 30 years, the property realises the following key attributes:
- Prominent four (4) level mixed-use freestanding building comprising commercial and residential accommodation with a private rooftop terrace.
- Strategic CBD landholding of 262m²* with rare rear laneway access, pursuant to favourable Capital City 1 Zoning (CCZ1) permitting a variety of uses.
- Prime passive investment opportunity providing a diversified income stream across multiple commercial and residential tenancies, respectively.
- Ground floor lease to 'London & American Supply Stores', an independent kitchenware's business proudly serving Melbourne's culinary community for several decades. Three (3) spacious apartments of which two (2) are leased on standard 12-month residential leases.
- Dual street frontages with significant 9.9m* exposure to the highly trafficked Elizabeth Street corridor, providing enormous forward-thinking Owner Occupier, Value Add & Developer appeal.
- High foot traffic location on the booming 24-hr Elizabeth Street precinct, driven by immediate synergies with RMIT, University of Melbourne, Queen Vic Market, Melbourne's Biomedical Precinct and the upcoming Metro Tunnel Project.
- Metres from the $450mil* mixed-use QVM Munro Development and $250mil* Queen Victoria Market revitalisation, significantly reinvigorating the area profile.
- Excellent connectivity positioned on the 'ant-trail' to Melbourne Central Train Station with tram and bus routes on all surrounding arterials including Elizabeth Street and Victoria Street.
FOR SALE BY PUBLIC AUCTION TO BE HELD ON THURSDAY 7TH JULY AT 12.30PM ON-SITE
For further information or to arrange an inspection of the property please contact the Colliers Melbourne City Sales Team as the exclusive selling agents.
Anthony Kirwan | +61 431 952 430
Oliver Hay | +61 419 528 540
Daniel Wolman | +61 412 957 839
International and Mandarin speaking investors are warmly invited to contact the Colliers Asia Services Desk
Leon Ma | +61 417 070 725
*Approx.
