Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Collins Street, Melbourne - Australia’s most highly sought-after business address

Jess Freeman • 10/07/2023




Collins Street, known as the heart of Melbourne's business district, continues to solidify its reputation as Australia's most highly sought-after business address. Offering unparalleled convenience, prestige, and access to a vibrant city lifestyle, Collins Street has become synonymous with success and prosperity.


Capturing the attention of tenants and investors alike, Collins Street is renowned for commanding the strongest rents and demonstrating the lowest vacancies across the Melbourne CBD, says Daniel Wolman, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC.


“Collins Street is the epitome of a thriving business ecosystem. Its strategic location in close proximity to Bank Place, Little Collins Street, Bourke Street Mall, and the Collins Street luxury retail precinct further adds to its allure, providing an abundance of hospitality, shopping, and entertainment options just a stone's throw away” he said.


406 Collins Street, currently listed for sale through Daniel Wolman, Oliver Hay and Leon Ma of Cushman & Wakefield and Joel Wald of MMJ, is an exceptional opportunity for investors and owner occupiers seeking to establish their presence in the heart of Melbourne's business hub.


This 12-storey office building sits on a 411sqm* site, boasting a total net lettable area of 3,861sqm* and has undergone major refurbishments in recent years, ensuring its excellent condition throughout. The contemporary office accommodation, with average floor plates ranging from 339 to 364sqm*, offers abundant natural light, thanks to its high ceilings and large windows overlooking the treelined and historic aspect of Collins Street. Significant street frontage to Collins Street totals 14.5 metres*.


Mr Wolman, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC said with a Weighted Average Lease Expiry (WALE) of 1.21 years by income and a NABERS rating of 2.5 Stars, 406 Collins Street presents an exceptional value-add opportunity, both in terms of income and Environmental, Social, and Governance (ESG) reversion.


Oliver Hay, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC  added, “Its prominent location on Collins Street and its high-quality building infrastructure offers extensive opportunities and flexibility for investors or owner occupiers seeking a prime Collins Street address for their new headquarters. Additionally, securing naming rights on a Collins Street building with a rich history adds further prestige and branding potential” he said.


Public transport accessibility is another significant advantage of Collins Street. Tenants at 406 Collins Street benefit from the convenience of Collins Street trams and bus routes, as well as the nearby Flinders Street and Southern Cross Stations, which directly service the office. This seamless connectivity ensures that businesses are well-connected to the rest of the city and beyond.


Joel Wald from MMJ said there is no better business address in the country than the premier and sophistication of a Collins Street address.

“Recently refurbished by ASX listed tenants, the building is fitted-out as a high-quality trophy asset. Collins Street assets of this calibre and price point are rarely traded and tightly held for generations” he said.


Cushman & Wakefield Melbco Middle Markets and MMJ present 406 Collins Street, Melbourne For Sale by International Expressions of Interest

How can we help?

Get in touch with one of our professionals.


613-619 Wellington Street WA.jpeg
Private Offshore investor acquires high-exposure Perth CBD property

In a significant transaction reflecting the strong demand for prime real estate in Perth's CBD, a private offshore investor has successfully acquired 613-619 Wellington Street for $9,788,100 finalising the deal a month prior to end of the financial year. 

Jess Freeman • 05/07/2024

Inclusive Cities Barometer
Australian Cities lead the way in Inclusive Cities Barometer

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today released The Inclusive Cities Barometer for Asia Pacific evaluates the inclusiveness of 35  cities in the Asia Pacific, including key Australian cities such as Melbourne, Perth, Brisbane, and Sydney across four inclusivity dimensions – economic, social, spatial and environmental. 

Jess Freeman • 02/07/2024

440 Elizabeth Street Melbourne VIC.jpg
440 Elizabeth Street hits the market amid growing demand

The Melbourne CBD is currently experiencing a significant imbalance in the market, with a dwindling supply of prime assets.

Jess Freeman • 25/06/2024

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All