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Sold on 19 Oct 2018

26-32 King Street Melbourne VIC 3000

  • Offices
  • 1,200 m²
  • Sold, $11,980,000

An Exceptional CBD Freehold Investment

  • Superb CBD Freehold
  • Huge Upside Potential
  • Close to Crown Casino

Savills is delighted to offer for sale this exceptional CBD freehold building located at 26-32 King Street, Melbourne. This outstanding five level retail and office building is fully leased to a range of high quality tenants and is ideally located within the highly popular 24-hour entertainment precinct of Melbourne.

The key attributes of the property include:
- A substantial 5-level retail and office building of 1,200sq m*
- Prime landholding of 304sq m* with significant future development potential
- Leased to a range of quality retail/office tenants including 7-Eleven
- Current Net Rental: $352,399 per annum* + outgoings & GST
- Obvious rental upside, refurbishment and value-add potential
- Situated within Melbourne’s booming western core, currently experiencing a huge influx of development and investment
- Positioned within Melbourne’s vibrant 24-hour entertainment precinct, close to Crown Casino
- A short walk to Southern Cross Train Station

The property presents a fantastic opportunity to capitalise on Melbourne’s rapidly evolving west end, and as such we encourage prospective purchasers to actively consider this excellent opportunity.

26-32 King Street, Melbourne is For Private Sale

Clinton Baxter - 0413 569 888
Jesse Radisich - 0402 085 702
MingXuan Li - 0498 688 998

*Approx

Supporting Documents

Supporting Document 1

Property Highlights

Property ID2014573773
Date Sold19 Oct 2018
Sold Price$11,980,000
Floor Area1,200 m²
Land Area304 m²
EnergyAsk Agent
ParkingAsk Agent
Category
Last updated  29 Jan 2019
Map for 26-32 King Street Melbourne VIC 3000
Map for 26-32 King Street Melbourne VIC 300026-32 King Street Melbourne VIC 3000
Savills Melbourne
Level 48, 80 Collins Street Melbourne VIC 3000

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