Building fronting Flinders and AC/DC lanes hits market
Melbourne is known for its labyrinth of laneways, and you can get your hands on a building that fronts not only Flinders Lane but also AC/DC Lane and Duckboard Place, too.
The Victorian-era building at 103-105 Flinders Lane has hit the market, spanning 332 square metres of land.
The property comprises a ground-floor cafe, a basement hospitality venue leased to Melbourne nightspot, Barbambi, and boutique office accommodation above.
With triple frontages across approximately 59 metres, the site is zoned Capital City Zone (CCZ1) and sits at the doorstep to 101 Collins Street.
The property is being sold by Oliver Hay of Cushman & Wakefield, alongside Daniel Wolman and Leon Ma, in conjunction with Alexander Robertson & Co.’s Kristian Peatling and Warwick Bramich.
“With a scheme for a 167 key hotel over 21 storeys, we expect interest from a broad buyer pool, including hoteliers, private investors, family offices, and international fashion houses who have been looking for something in this location for several years,” said Hay.
“Assets of this scale and character in the East End rarely come to market, and the tenancy profile here is particularly compelling.”
Peatling notes that the owners have held the property since Melbourne hosted the Olympics in 1956.
“Now, after 70 years, the opportunity to acquire this building, which offers a combination of heritage charm, laneway activation, and its proximity to Collins Street, truly does come along just once in a lifetime,” he says.
“These are the most desirable addresses in the CBD grid.”
The building is well connected to transport infrastructure, including Parliament Station, Flinders Street Station, and the Melbourne Metro Tunnel. It sits alongside high-end brands including Chanel and Christian Dior, at 140 and 145 Flinders Lane, respectively.
Expressions of interest for 103-105 Flinders Lane close at noon (AEDT) on November 19.
