Collins Street Landmark Offers Prime Investment Opportunity

The Melbourne CBD’s western core is set to welcome renewed investor attention with the listing of 470 Collins Street, a premium freehold commercial asset now offered for sale under the instructions of KordaMentha as Receivers and Managers.

Strategically positioned in one of Australia’s most tightly held and prestigious business precincts, the property presents a compelling opportunity for institutional and private capital to secure a significant holding with strong income fundamentals and long-term value-add potential.

With 10,118 sqm* of Net Lettable Area across 16 levels, including ground floor retail, the building is ideally positioned to capture the attention of investors seeking both stability and upside. The property’s dual frontages to Collins Street and St James Lane, combined with its proximity to Southern Cross Station and major tram lines, make it a standout in terms of accessibility and visibility.

For sale through Cushman & Wakefield’s Daniel Wolman, Oliver Hay, Leon Ma and CBRE’s Nick Peden, Jamus Campbell and Scott McGlone, the asset is estimated to deliver a net fully leased income of over $5.5 million , with strong potential for rental uplift through refurbishment. Its location is within walking distance of Melbourne’s legal precinct, luxury retail, and top-tier dining - a central hub that continues to attract high-quality tenants.

Daniel Wolman of Cushman & Wakefield said

“We’re seeing strong interest from both domestic and offshore investors who recognise the scarcity of scale assets on Collins Street. The market is hungry for opportunities that offer both prestige and potential, and 470 Collins Street delivers on both fronts.”

Nick Peden of CBRE, added

“The western core of Melbourne’s CBD has emerged as a powerhouse precinct. With limited new office development in the pipeline and strong forecast rental growth, assets like 470 Collins Street are perfectly positioned to benefit from the next wave of market momentum.”

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^*Approx.