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483-485 Elizabeth Street Melbourne VIC 3000

  • Shop & Retail
  • 730 m²
  • For Sale, Please contact agent

TROPHY CBD FREEHOLD INVESTMENT

  • FIRST TIME OFFERED IN 30 YEARS
  • 4-LEVEL MIXED USE BUILDING
  • BOOMING 24-HOUR CBD PRECINCT

Colliers Melbourne City Sales are delighted to present For Sale 483-485 Elizabeth Street, Melbourne.

Offered for the first time in 30 years, the property realises the following key attributes:

- Prominent four (4) level mixed-use freestanding building comprising commercial and residential accommodation with a private rooftop terrace.

- Strategic CBD landholding of 262m²* with rare rear laneway access, pursuant to favourable Capital City 1 Zoning (CCZ1) permitting a variety of uses.

- Prime passive investment opportunity providing a diversified income stream across multiple commercial and residential tenancies, respectively.

- Ground floor lease to 'London & American Supply Stores', an independent kitchenware's business proudly serving Melbourne's culinary community for several decades. Three (3) spacious apartments of which two (2) are leased on standard 12-month residential leases.

- Dual street frontages with significant 9.9m* exposure to the highly trafficked Elizabeth Street corridor, providing enormous forward-thinking Owner Occupier, Value Add & Developer appeal.

- High foot traffic location on the booming 24-hr Elizabeth Street precinct, driven by immediate synergies with RMIT, University of Melbourne, Queen Vic Market, Melbourne's Biomedical Precinct and the upcoming Metro Tunnel Project.

- Metres from the $450mil* mixed-use QVM Munro Development and $250mil* Queen Victoria Market revitalisation, significantly reinvigorating the area profile.

- Excellent connectivity positioned on the 'ant-trail' to Melbourne Central Train Station with tram and bus routes on all surrounding arterials including Elizabeth Street and Victoria Street.

FOR SALE BY PUBLIC AUCTION TO BE HELD ON THURSDAY 7TH JULY AT 12.30PM ON-SITE

For further information or to arrange an inspection of the property please contact the Colliers Melbourne City Sales Team as the exclusive selling agents.

Anthony Kirwan | +61 431 952 430
Oliver Hay | +61 419 528 540
Daniel Wolman | +61 412 957 839

International and Mandarin speaking investors are warmly invited to contact the Colliers Asia Services Desk
Leon Ma | +61 417 070 725

*Approx.

Property Highlights

Floor Area730 m²
Land Area262 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2017849086
Category
Last updated  3 Jun 2022
Map for 483-485 Elizabeth Street Melbourne VIC 3000

Property Highlights

Floor Area730 m²
Land Area262 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2017849086
Category
Last updated  3 Jun 2022
Level 30/367 Collins St Melbourne VIC 3000
Anthony Kirwan
Anthony Kirwan
Colliers International Melbourne
Oliver Hay
Oliver Hay
Colliers International Melbourne
Daniel Wolman
Daniel Wolman
Colliers International Melbourne
Leon Ma
Leon Ma
Colliers International Melbourne

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