Winds of change blow through Melbourne’s Cyclone House
The art deco Cyclone House in a Melbourne CBD laneway has been listed for sale for the first time in 45 years with price expectations above $5.5 million.
The 402sqm property at 17-19 Hardware Lane was built in 1930 and has been restored with modern additions including a lift and airconditioning.
It is being offered with vacant possession and includes retail frontage with two upper levels that could be used for office, residential or retail space, or for a tenant in the services industry.
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The listing follows the sale of the Kozminsky building in Bourke Street recently to the Gianarelli family for $7.6 million, as well as the $8.1 million trade of Campari House.
The interior at Cyclone House in Melbourne’s CBD.
Agents on the Cyclone House sale are Allard Shelton’s Patrick Barnes, Joseph Walton, Michael Ryan and James Gregson.
Gregson says the property offers flexible zoning and the potential for diversified income streams.
“There is simply not enough supply of A-grade commercial investments like this in Melbourne anymore to satisfy the influx of demand we are experiencing,” Gregson says.
The property will go to auction on September 20.
This article originally appeared on www.theaustralian.com.au/property.
