182 Capel Street North Melbourne VIC 3051

Cushman & Wakefield Melbco City Fringe Sales are excited to present for sale 182 Capel Street, North Melbourne with the following key attributes:

- The ultimate city fringe corner office building positioned 450m* north of the Melbourne CBD, metres from the University of Melbourne and Australia's leading Biomedical and Hospital Precinct.
- Developed for QANTAS in 1985, a modern four level office building with a 5-star NABERS Energy rating comprising 1,200sqm* NLA plus 12 secure basement car parks.
- Flexible floor plates with excellent natural light and building amenity including disability access throughout, end of trip facilities, basement storage, elevator use and outdoor entertaining spaces.
- Prime corner land allotment of 656m2* benefiting from Melbourne CBD skyline and parkland views, with future mixed-use value-add potential up to 24m* (STCA).
- Partially leased with ground floor income of $190,506* + GST p.a. Level 1 and 2 office accommodation offered with Vacant Possession and suited to corporate headquarters, medical or education uses.
- Flexible Mixed Use Zoning (MUZ) provides the opportunity to reposition the asset for a range of future uses including residential, retail, hospitality/F&B, gallery and more (STCA).
- Convenient access to all forms of public transport including the Peel Street, Queensberry Street and Flemington Road tram lines and the forthcoming Parkville Train Station 450m* away.
- Surrounded by first class amenity including Errol Street Shopping Precinct, Queen Victoria Market Renewal and opposite the 'Bedford Street Pocket Park' upgrade.

*Approximate
STCA Subject to Council Approval

For Sale by Expressions of Interest closing Friday 12 April 2024 at 12pm

For more information or to schedule an inspection, please contact Cushman & Wakefield Melbco as the exclusive selling agents.

Anthony Kirwan | +61 431 952 430
Daniel Wolman | +61 412 957 839
George Davies | +61 421 799 489