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Sold on 11 Jul 2014

382 Elizabeth Street Melbourne VIC 3000

  • Retail
  • 800 m²
  • Sold

Classic CBD Corner Freehold

Savills is pleased to offer for sale by Auction this exceptional CBD freehold building located at 382 Elizabeth Street, Melbourne.

Offering an outstanding Central CBD location surrounded by amenity, this remarkable property provides the ultimate flexibility to either invest, develop or occupy.

The key attributes of 382 Elizabeth Street include:

• An attractive three level retail building with lavish top floor residence
• High profile corner land holding of 327sq m*
• Total building area of 800sq m*
• Two significant street frontages to Elizabeth and Little La Trobe Streets
• Part of the ground floor leased to "Gloria Jean´s Coffee" on a 10+5 year lease (comm. Sept. 2010)
• Net Rental of $123,806 per annum* for 20%* of the building with 80%* offered with vacant possession
• Boutique building with outstanding potential to add value
• Amazing location within the education precinct, only 50 metres* to Melbourne Central Shopping Centre and train station and close to RMIT, Melbourne University, Emporium, QV and Swanston Street
• Ideal opportunity for investors, owner-occupiers and developers!

The opportunity to secure such a high quality freehold property at an accessible price point within the CBD core is exceedingly rare. Accordingly, we encourage prospective buyers to actively consider this exceptional opportunity.

The property is For Sale by Auction on Friday 11 July at 12 noon on-site.

For Further Information please contact:

Nick Peden – 0402 011 266
Clinton Baxter – 0413 569 888

Supporting Documents

Supporting Document 1

Property Highlights

Property ID2011246941
Date Sold11 Jul 2014
Floor Area800 m²
Land Area327 m²
ParkingAsk Agent
Category
Last updated  9 Dec 2016
Map for 382 Elizabeth Street Melbourne VIC 3000
Savills Melbourne
Level 48, 80 Collins Street Melbourne VIC 3000

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