423-425 Elizabeth Street Melbourne VIC 3000

PRIME CBD RETAIL FREEHOLD INVESTMENT POSITIONED IN THE HEART OF AUSTRALIA'S HIGHEST DENSITY RESIDENTIAL LOCATION

Cushman & Wakefield City Sales proudly present for sale a prime retail freehold situated in arguably Melbourne CBD's busiest location.

423-425 Elizabeth Street, Melbourne comprises the following key attributes:

Booming Melbourne CBD northern corridor position, a thriving 24/7 precinct with retail, commercial, education, student accommodation and residential developments.

Strategic CBD landholding of 184sqm* with rear laneway access, pursuant to favourable Capital City 1 Zoning (CCZ1) permitting a variety future of uses.

Double-fronted two-level retail freehold of 283sqm*, featuring significant street frontage of 8.14m* to Elizabeth Street, providing excellent visibility and exposure.

5+5 year lease to 'Mixue Group' the world's largest F&B chain, surpassing Starbucks and McDonald's. Known for its delicious flavours, budget-friendly prices, and high-quality ingredients, Mixue is the go-to spot for tea and ice cream lovers, alike.

Current estimated rental income of $428,490 + GST p.a. with 3.50% fixed annual rental increases.

High foot traffic location, driven by synergies with RMIT, University of Melbourne, Queen Vic Market, Melbourne's Biomedical Precinct and the upcoming Metro Tunnel Project (opening late 2025).

2,470* passing pedestrians each day (Source: City of Melbourne), supporting strong tenant occupancy and future rental growth.

Fully leased and recently renovated, a perfect set and forget retail investment, one of the best offerings to the market in the past 5 years.

*Approximate

For Sale via on-site Public Auction on Thursday 5 June 2025 at 12:30pm (AEST).

Please contact Cushman & Wakefield City Sales as the exclusive selling agent.

Leon Ma
+ 61 417 070 725

Anthony Kirwan
+61 431 952 430

Daniel Wolman
+61 412 957 839

Oliver Hay
+61 419 528 540