Cushman & Wakefield Melbco Middle Markets on behalf of transaction advisor, Charter Keck Cramer are delighted to present for sale ‘Milledge House’, located at 287-289 Elizabeth Street, Melbourne.
Offered for the first time in over 50 years, the property provides for highly attractive fundamentals including:
- Substantial super prime (2) level freestanding retail asset of over 611sqm*.
- Strategic CBD landholding of 471sqm* with rare rear laneway access via Heape Court, pursuant to favourable Capital City 1 Zoning (CCZ1) permitting a variety of uses.
- 12 year lease to AAA CBD supermarket, KT Mart with fixed annual increases.
- Dual street frontages with significant 10.7m* exposure to the highly regarded Elizabeth Street corridor, providing enormous repositioning potential and scope for multiple tenancies.
- One of the highest foot traffic locations in the CBD in the booming 24-hr Elizabeth Street precinct, driven by immediate synergies with Melbourne Central, Melbourne Emporium, RMIT, University of Melbourne, Queen Victoria Market and upcoming Metro Tunnel Project.
- Excellent connectivity positioned on the ‘ant-trail’ to Melbourne Central Train Station with Elizabeth Street tram and bus routes all on your doorstep.
- One of the last sizable Elizabeth Street freeholds available. An opportunity not to be missed.
For Sale by International Expressions of Interest Closing Wednesday 22 November 2023 at 2pm (AEDT)
For further information or to arrange an inspection of the property please contact the Cushman & Wakefield Melbco Middle Markets team as the exclusive selling agents.
Oliver Hay | +61 419 528 540
Daniel Wolman | +61 412 957 839
International and Mandarin speaking investors are warmly invited to contact Asia Capital Services.
Leon Ma 马海翔 | +61 417 070 725
*Approx.
