Tiga Commercial and Stonebridge Property Group are pleased to present for sale 383-387 Lonsdale Street, Melbourne.

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The 970sqm* building is accompanied by a recently renewed 5-year lease to a popular entertainment venue with 3.75% annual increases per annum and five further 5-year options. The property resides in a highly sought after CBD location between major arterials, Elizabeth Street and Queen Street, with immediate access to Melbourne Central (250m*), Emporium Melbourne (175m*) and Hardware Lane (25m*).

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The key highlights of the opportunity include:

• Corner Melbourne CBD freehold in prime location suitable for investors & future development
• Strong rental income of $800,000* per annum from long standing tenant
• Recently renewed 5 year lease with 3.75% annual increases and five further 5-year options
• Significant total building area of 970sqm* across 3 levels plus basement
• Large 445sqm* land area on the corner of Lonsdale Street and Niagara Lane, with total street frontage of 42.8m*
• Prime retail location capturing foot traffic from Melbourne Central (250m*), Emporium Melbourne (175m*) and Bourke Street Mall (300m*)
• Established high density location surrounded by newly built office, hotel and residential buildings

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383-387 Lonsdale Street, Melbourne is offered for sale via International Expressions of Interest closing Thursday 10th August 2023 at 2.00pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

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*Approximate