382 Elizabeth Street, MELBOURNE VIC 3000
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- Retail, Development / Land, Offices
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- 9 Dec 2016
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:
â€¢ An attractive three level retail building with lavish top floor residence
â€¢ High profile corner land holding of 327sq m*
â€¢ Total building area of 800sq m*
â€¢ Two significant street frontages to Elizabeth and Little La Trobe Streets
â€¢ Part of the ground floor leased to "Gloria JeanÂ´s Coffee" on a 10+5 year lease (comm. Sept. 2010)
â€¢ Net Rental of $123,806 per annum* for 20%* of the building with 80%* offered with vacant possession
â€¢ Boutique building with outstanding potential to add value
â€¢ 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
â€¢ 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 â€“ 0402 011 266
Clinton Baxter â€“ 0413 569 888
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
382 Elizabeth Street MELBOURNE