Located at 1 Sackville Street, just off Smith and Johnston streets, the nine-level commercial asset delivers 5,341 sq m* of net lettable area across flexible 400–800 sq m floorplates, underpinned by 61 basement car spaces - a rare two-level configuration for the area. The property sits on a 933 sq m* freehold site within the City of Yarra and was completed in 2021
Designed with wellness, sustainability and modern tenant expectations at its core, the building features full-height glazing, a landscaped rooftop terrace with sweeping CBD views, hotel-quality end-of-trip facilities and a dedicated wellness room. A 4.5-Star NABERS Energy rating provides a clearly defined pathway to 5 Stars, aligning with the flight-to-quality trend driving Melbourne’s office market.
The income profile is anchored by Epic Systems, a global healthcare software provider serving more than 305 million users worldwide and contracted to multiple Australian state governments. Epic occupies approximately 88 per cent of the building, with the balance leased to Linktree and ground-floor café operator Café Le Rêve.
The tenant mix reflects Collingwood’s evolution into a hub for technology, health, media and creative industries, bolstered by its proximity to Melbourne’s Biomedical Precinct and more than 49,000 workers within 1.8 kilometres
Cushman & Wakefield’s Daniel Wolman, who is marketing the property with Oliver Hay and Leon Ma, said the campaign was expected to attract a broad cross-section of private and institutional capital.
“We’re anticipating strong interest from high-net-worth private investors, family offices and offshore groups seeking secure, long-WALE income backed by genuine global covenants,” Mr Wolman said.
“Assets of this scale, around the $50 million to $100 million mark, are particularly tightly held, and when you combine a healthcare-linked anchor tenant of Epic’s calibre with Collingwood’s lifestyle appeal, it creates a very compelling risk-adjusted proposition.”
He said investors were increasingly targeting inner-city fringe locations offering strong amenity and transport connectivity, but at a relative discount to core CBD pricing.
“Collingwood continues to outperform because it delivers what modern occupiers actually want; proximity to cafés, retail and transport, genuine character and highly efficient floorplates,” Mr Wolman said.
The property benefits from immediate access to Smith Street trams, Victoria Park station, Hoddle Street and the Eastern Freeway, placing the CBD within minutes while retaining a distinctly neighbourhood feel.
1 Sackville Street is for sale through Cushman & Wakefield via an Expressions of Interest campaign, closing 21 April at 2pm.
