189-191 Lonsdale Street Melbourne VIC 3000

Cushman & Wakefield Melbco City Sales and Alexander Robertson are delighted to present for sale 189-191 Lonsdale Street, Melbourne with the following key attributes:

- A once in a generation opportunity, 189-191 Lonsdale Street is offered for sale for the first time in 38+ years.

- One of only ten (10) buildings on the 'Golden Mile' of the famed Greek Precinct of the Melbourne CBD and metres from the heart of Chinatown.

- Superb three (3) level freestanding building with 10m* of prominent Lonsdale Street frontage.

- Total current estimated net income of $122,731.41 + GST + Outgoings p.a. Partially leased with 70.23% vacancy providing enormous rental uplift potential or owner occupier appeal.

- Two ground floor retail tenancies are leased to Melbourne institution 'Caras', a Greek music, travel agent and gift store and 'Black & White Co' trading as popular 'Tobacco Vape Channel'.

- An incredibly rare 7am liquor licence accompanies Level 1 & 2, an untenanted nightclub and hospitality venue with separate access from Lonsdale Street.

- Blue chip Retail Core location between Swanston Street and Russell Street, with immediate proximity to QV Melbourne, Melbourne Central Shopping Centre, Emporium Melbourne, the Theatre Precinct and more.

- The sub $10million Melbourne CBD freehold you've been waiting for.

For Sale by International Expressions of Interest closing Friday 15th September 2023 at 12.00pm

For more information please contact Cushman & Wakefield Melbco City Sales and Alexander Robertson as the exclusive selling agents.

Cushman & Wakefield Melbco
Oliver Hay | +61 419 528 540
Anthony Kirwan | +61 431 952 430
Daniel Wolman | +61 412 957 839
Leon Ma | +61 417 070 725

Alexander Robertson
Kristian Peatling | +61 411 600 754
Warwick Bramich | 0419 373 196

*Approximate
STCA Subject to Council Approval