Savills and CBRE have the pleasure to present the opportunity to acquire a major Melbourne CBD landmark of exceptional quality, occupying a premium location within Melbourne's thriving Central Business District 206 Bourke Street, Melbourne.
- Landmark Melbourne CBD retail and office complex, providing strong cash-flow from a diverse mix of in-demand tenants
- Major Melbourne CBD land holding of 3,140 square metres*
- Occupying a prominent city freehold allotment and providing a key link from Bourke Street to Melbourne's vibrant Chinatown, centrally located within Melbourne's busiest 24-hour retail precinct
- Six levels of modern and high quality retail and office accommodation of 11,969 square metres* providing significant depreciation benefits
- Exceptional tenant profile including a mix of ASX-listed entities, several banks, international and national tenants, leading restaurants including Tim Ho Wan, a Michelin star restaurant
- One of Melbourne's most significant and strategic investment properties with endless future possibilities
- Potential for further value add given approved planning permit for a hotel, along with additional tenancies above the existing structure
- Weighted average lease expiry of 4.25 years (by income)*
- Fully Leased Net Income of $7,135,263*
The property is being offered for sale by Expressions of Interest closing Wednesday 18 November at 2pm AEDT.
For further information, please contact:
Savills:
Julian Heatherich 0412 995 655
Paul Craig 0422 235 519
Ben Azar 0416 282 292
CBRE:
Mark Wizel 0411 694 756
Joshua Rutman 0411 273 746
Justin Dowers 0438 098 805