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157-159 Swanston Street
Melbourne VIC 3000
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Sold on 11 Dec 2023

157-159 Swanston Street Melbourne VIC 3000

  • Shop & Retail
  • 502 m²
  • Sold

EOI CLOSED - OFFERS UNDER REVIEW

  • Elite Melbourne CBD retail location
  • 10.5m Swanston Street frontage
  • First time offered in 35 years

JLL Melbourne CBD Sales has the exclusive privilege of offering for sale a core Melbourne CBD freehold investment in the City's 24-hour Precinct - 157-159 Swanston Street, Melbourne.

Key details of this exceptional opportunity include:

+ A 3-level double fronted Swanston Street freehold investment with flawless occupancy history
+ Fully leased to established tenants including national retailer EzyMart 
+ Current Net Passing Income: $543,004 per annum*
+ Two high exposure ground level shops with fully refurbished upper floors used as a restaurant
+ An extensive 10.5 metre* frontage to Swanston Street with additional rear frontage to Masons Lane
+ Absolute prime location within the most highly trafficked street in the epicentre of the Melbourne CBD Retail Core a true 24/7 pedestrian precinct  
+ Metres from Bourke Street Mall and in immediate proximity to Myer, David Jones, Emporium Melbourne, Chinatown and Melbourne Town Hall.
+ Unrivalled exposure to an average of 28,000^ pedestrians daily and over 10,200,000^ annually 
+ Surrounded by unmatched public transport connectivity with trams at the doorstep and set to benefit from the completion of two brand new Metro Rail stations 
+ An extremely tightly held location in Melbourne, with only two (2) freehold Swanston Street properties changing hands since 2018
+ A generational opportunity within a location set to thrive through all market cycles

*Approx.

To obtain further information, please contact the exclusive selling agent.

Nick Peden | 0402 011 266
Josh Rutman | 0411 27 37 46
MingXuan Li | 0498 688 998

^City of Melbourne

·      Elite Melbourne CBD retail location
·      10.5m Swanston Street frontage
·      First time offered in 35 years

Property Highlights

Date Sold11 Dec 2023
Floor Area502 m²
Land Area211 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018880288
Category
Last updated  3 Jul 2024
Map for 157-159 Swanston Street Melbourne VIC 3000

Property Highlights

Date Sold11 Dec 2023
Floor Area502 m²
Land Area211 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2018880288
Category
Last updated  3 Jul 2024

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