Rare Melbourne CBD Paris End Retail Freehold

Cushman & Wakefield City Sales are pleased to present a superb opportunity to acquire a trophy retail freehold in the exclusive Paris East End of the Melbourne CBD, the most exciting hospitality hotspot in Australia.

• Exclusive and tightly held Melbourne CBD ‘Paris’ East End location, surrounded by luxury retailers, Australia’s best hospitality offerings, premium office, hotel and residential towers.

• Meyers Place is set for a once in a lifetime evolution and is transforming into a national drawcard, following recent major acquisitions by Merivale Group at 12-18 Meyers Place and the City of Melbourne owned car park, 34-60 Little Collins Street.

• A timeless two-level retail freehold spanning 175sqm* that has been a cornerstone of the Melbourne’s dining culture for over 80 years.

• 100% leased to two longstanding Melbourne hospitality institutions, ‘Bar Carlo’ and ‘The Waiters Restaurant’, providing a strong current net income of $152,600* + GST + outgoings p.a.

• Flexibility to acquire the asset as a passive trophy investment with scope to owner occupy the property, meters from Parliament Train Station and various tram routes.

• Situated in heart of Australia’s premier hospitality precinct, adjoining newly opened ‘Maison Batard’ (Lucas Group) and within a 500m radius include Grossi Florentino, Siglo, Bar Lourina, The Imperial Hotel and Le Meriden Hotel.

• Significant 7-day foot traffic location underpinned by office workers, tourists, Spring Street residential occupants, multiple surrounding theatres, and hotels including the Sheraton Hotel, The Hotel Windsor, Sofitel, Le Meridien and more.

• Favourable Capital City 1 Zoning, providing a variety of value-add, repositioning or redevelopment opportunities (STCA).

• Offered for the first time in over 32 years, this is an unmissable opportunity to secure a slice of history. A proven, world-class location surrounded by the very best Melbourne has to offer.

*Approximate

STCA – Subject to Council Approval

For more information or to arrange a private viewing, please contact Cushman & Wakefield City Sales as the exclusive selling agent.

Oliver Hay

+61 419 528 540

Anthony Kirwan

+61 431 952 430

George Davies

+61 421 799 489