CBRE is offering for sale 371-383 Spencer Street, West Melbourne comprising a fully refurbished and prominent three-level building, ideally suited for an office headquarters, value-add enhancement or major mixed-use development (STCA).
Key details of the opportunity include:
+ Three-level freestanding building of 1,310sqm*, with additional basement area and just a 5-minute walk to the Melbourne CBD
+ Perfect for a corporate head office with signage rights, multi-level coworking hub, union headquarters and health & education uses with each floor equipped with brand new amenities including showers (STCA)
+ Efficient office space with extensive ceiling heights and an ability to capitalise on the character-rich nature of the building, creating an ideal space in one of Melbourne's most renowned streets
+ 582sqm* landholding is in West Melbourne's Flagstaff precinct, providing a 16-level height potential and allowing for several development outcomes including retail, office, hotel and residential (STPA)
+ Direct access to Southern Cross Railway Station, Docklands, Marvel Stadium, Flagstaff Gardens, Queen Victoria Market and major tram routes on the corner of La Trobe & Spencer Streets
+ The flexible zoning provides for several planning outcomes, with a favourable development envelope creating precedent for additional levels and rooftop activation (STCA)
+ Surrounded by world class education, retail, entertainment and residential amenity
The opportunity to secure a high calibre building of this nature on the doorstep of Melbourne's CBD is extremely rare, especially when you consider the prime location, exceptional future growth potential and unprecedented future development potential.
'Spencer House' 371-383 Spencer Street, West Melbourne is for sale via expressions of interest closing Wednesday 27th November at 2:00pm (AEST).
Contact CBRE for further information regarding this excellent opportunity.
David Minty
+61 422 564 199
david.minty@cbre.com.au
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Nabers Exempt
