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488 La Trobe Street
Melbourne VIC 3000
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Sold on 22 May 2014

488 La Trobe Street Melbourne VIC 3000

  • Development / Land
  • 1,012 m²
  • Sold

Prime CBD Freehold With Upside

  • Prime CBD freehold with upside
  • High growth location
  • 1,012 sqm of land!

The Savills City Sales team is delighted to offer an exceptional CBD freehold with significant income and remarkable development potential.

This magnificent property represents a very rare opportunity to purchase a fully leased CBD building with demolition clauses within the leases, providing for secure holding income and rapid development potential.

A large land parcel of 1,012sq m*
Existing two level office building of 1,312sq m* with 18 car parking bays
Net income of $385,950 per annum* (with development break clauses)
Suit a range of development outcomes including high density residential, hotel, etc.
A high profile CBD location close to Flagstaff Gardens, RMIT, Flagstaff train station, Melbourne Central
Shopping Centre and Docklands plus the full range of CBD lifestyle amenity
An extraordinary opportunity to secure a prime CBD property with major upside!

The opportunity to secure a CBD property of this calibre is rare, especially taking into account the compelling CBD location, excellent holding income and fantastic development potential.

The property is For Sale by Expressions of Interest closing Wednesday 18 June at 2pm.

For further information please contact the selling agents:

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

Property Highlights

Date Sold22 May 2014
Floor Area1,312 m²
Land Area1,012 m²
EnergyAsk Agent
Parking18 x Onsite parkings
Property ID2011195888
Category
Last updated  30 Sep 2021
Map for 488 La Trobe Street Melbourne VIC 3000

Property Highlights

Date Sold22 May 2014
Floor Area1,312 m²
Land Area1,012 m²
EnergyAsk Agent
Parking18 x Onsite parkings
Property ID2011195888
Category
Last updated  30 Sep 2021

Listed by

Savills Melbourne
Call
03 8686 8000

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