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Ground Floor 97-103 Elizabeth Street
Melbourne VIC 3000
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Cushman & Wakefield Melbourne
Sold on 19 Jul 2024

Ground Floor 97-103 Elizabeth Street Melbourne VIC 3000

  • Shop & Retail
  • 75 - 736 m²
  • Sold

The Marvellous Melbourne CBD Retail Portfolio Four Prime Retail Assets For Sale Individually, In One Line Or Any Combination

  • Deceased Estate
  • Prime Retail Core CBD Location
  • 10.25m* Passing Pedestrians Each Year

Cushman & Wakefield are delighted to present for sale, Ground Floor & Basement, 97-103 Elizabeth Street, Melbourne for sale - unquestionably, one the finest sub $20million retail investment opportunities the Melbourne CBD market has seen in several years.

- Four (4) prime strata retail investment assets comprising the entire ground floor of 97-103 Elizabeth Street, Melbourne, plus a basement title, offered for sale individually, in one line or any combination.

- Premium Retail Core investment opportunity in the heart of the Melbourne CBD, positioned on one of Melbourne's highest pedestrian foot traffic thoroughfares with 17.5m*frontage, between Collins Street and Bourke Street Mall.

- Two Elizabeth Street assets anchored by blue-chip national fast-food/QSR tenants, 'Betty's Burgers' and 'Zambrero' in addition to two high-performing independent retail tenants on Melbourne's hottest café location, Equitable Place, 'Decennium Australia' and 'Madamimadam'.

- Immediate potential to increase rental income by repositioning and reletting the unencumbered lower ground title of 227sqm*.

- Substantial combined passing net income of $797,043.29 + GST + Outgoings p.a. with a diversified tenancy profile, compounding annual rental increases (3.00%-4.00%) and WALE by income of 3.51* years.

- Situated on the 'ant track' to Flinders Street Train Station (400m*), with 10.25* million passing pedestrians every year, (City of Melbourne).

- Offered for sale as part of a deceased estate, a rare opportunity for savvy local and offshore investors with $1.5million to $15million* budget.

For Sale by International Expressions of Interest closing Wednesday 17 July 2024 at 12.00pm.

Anthony Kirwan | +61 431 952 430
George Davies | +61 421 799 489
Leon Ma | +61 417 070 725
Jeff Ha | +61 401 145 166

Property Highlights

Date Sold19 Jul 2024
Floor Area75 - 736 m²
Land AreaAsk Agent
ParkingAsk Agent
Building TypePartial building
Property ID2019290855
Category
Last updated  23 Jul 2024
Map for Ground Floor 97-103 Elizabeth Street Melbourne VIC 3000

Property Highlights

Date Sold19 Jul 2024
Floor Area75 - 736 m²
Land AreaAsk Agent
ParkingAsk Agent
Building TypePartial building
Property ID2019290855
Category
Last updated  23 Jul 2024

Co-Agents

Anthony  Kirwan
Anthony Kirwan
Cushman & Wakefield Melbourne
Call
+61431952430
George  Davies
George Davies
Cushman & Wakefield Melbourne
Call
+61421799489
Leon Ma 马海翔
Cushman & Wakefield Melbourne
Call
+61 417 070 725
Jeff Ha 石军豪
Cushman & Wakefield Melbourne
Call
+61 401 145 166

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