382 Elizabeth Street Melbourne VIC 3000

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:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888