A Land Rich CBD Retail Centre with Enormous Upside
Cushman & Wakefield, in conjunction with JLL, is excited to present to market a significant value-add and redevelopment opportunity, benefitting from a highly strategic CBD location – just steps away from Bourke Street Mall and in the heart of Chinatown.
- 11,845sqm* of GLA across 6 levels of retail and commercial tenancies.
- Significant 3,157 sqm* landholding, one of the largest within the retail core with 58m* of dual street frontage allowing endless possibilities for value-add, refurbishment or future development^.
- Situated metres from Bourke Street Mall – The fastest growing catchment in Australia.
- Fully leased net income circa $6m* to a diverse tenancy mix. Anchored by JB Hi-Fi, Victoria Police and Tim Ho Wan.
- Within the epicenter of one of the world’s most liveable cities.
- Surrounding precinct generates over $1 billion in retail sales complemented by 24/7 hospitality and foot traffic.
- An opportunity to own one of the largest landholdings within the retail core.
- Premium uplift and value-add potential with future development opportunities as well as enormous income growth.
- True intergenerational freehold retail asset.
*Approximate.
^STCA – Subject to Council Approval.
206 Bourke St. Plaza, Melbourne is being offered For Sale via International Expressions of Interest closing Wednesday 2 April at 12pm (AEDT). For more information, please contact the exclusive selling agents below.
Cushman & Wakefield Middle Markets
Oliver Hay
+61 419 528 540
Daniel Wolman
+61 412 957 839
Leon Ma 马海翔
+61 417 070 725
JLL
Stuart Taylor
+61 428 000 000
Josh Rutman
+61 411 273 746
MingXuan Li 李名轩
+61 498 688 998.
- Melbourne CBD
