This article is from the Australian Property Journal archive
OFFER of around $10 million are expected for a Melbourne CBD retail and residential building on busy Elizabeth Street, put to the market for the first time in more than three decades.
The double-fronted, three-level 203-207 Elizabeth Street freehold has 697 sqm of floor space, including ground floor retail and six one and two-bedroom apartments on the levels above. It sits on a 281 sqm parcel, with 33 metres of dual street frontage to Elizabeth Street and Somerset Place, moments from H&M at the corner of Bourke Street Mall.
“This is one of the city’s busiest retail hubs, and the dual street frontage exposure enhances the appeal for tenants and investors alike,” said selling agent Anthony Kirwan of Cushman & Wakefield, who is marketing the property with colleagues Oliver Hay, Daniel Wolman and Leon Ma.
“The blend of retail and residential components offers investors an exceptional mix of income generation and capital growth potential in Melbourne’s most prestigious retail core.”
Expressions of interest close on Thursday, 13th March.
