222 Exhibition Street,
Melbourne, VIC 3000
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Map of 222 Exhibition Street
World Class Prime-Grade Office Tower
- NLA of 30,290m²
- 3.5-star NABERS Energy rating
- Prime East End CBD location
Colliers International and Savills are pleased to offer this exceptional opportunity to acquire one of the Melbourne CBD's most reputable prime-grade office towers - 222 Exhibition Street.
222 Exhibition Street represents a high quality, modern office asset situated on a huge corner site in the tightly held North Eastern precinct of the Melbourne CBD. The building incorporates an NLA of 30,290m²* and a significant commercial car park for over 500 cars.
The property is over 65% leased to Worksafe Victoria until 2019, providing potential investors with a high degree of income security. All leases have between 4.0-5.0% fixed annual reviews, which coinciding with strong forecast leasing conditions allows the successful purchaser the ability to access significant market rent reversion in the medium term for the office, retail and car park.
Key Features:
• Central core design - allows for minimal loss of NLA
• Large, open plan floor plates of between 1,328m²* - 1,372m²*
• Sought-after East End Melbourne CBD location
• Rare corner site with an area of 5,174m²*
• Over 70% leased to government tenants
• Significant scope to capture genuine built in reversion - the office income is estimated to be below current market levels
• The commercial car park of 510 cars adds substantial value and a diversified income stream
* Approx.
222 Exhibition Street is being offered for sale by International Expressions of Interest to be lodged prior to Wednesday 10 June 2015 at 2pm (AEST).
222 Exhibition Street represents a high quality, modern office asset situated on a huge corner site in the tightly held North Eastern precinct of the Melbourne CBD. The building incorporates an NLA of 30,290m²* and a significant commercial car park for over 500 cars.
The property is over 65% leased to Worksafe Victoria until 2019, providing potential investors with a high degree of income security. All leases have between 4.0-5.0% fixed annual reviews, which coinciding with strong forecast leasing conditions allows the successful purchaser the ability to access significant market rent reversion in the medium term for the office, retail and car park.
Key Features:
• Central core design - allows for minimal loss of NLA
• Large, open plan floor plates of between 1,328m²* - 1,372m²*
• Sought-after East End Melbourne CBD location
• Rare corner site with an area of 5,174m²*
• Over 70% leased to government tenants
• Significant scope to capture genuine built in reversion - the office income is estimated to be below current market levels
• The commercial car park of 510 cars adds substantial value and a diversified income stream
* Approx.
222 Exhibition Street is being offered for sale by International Expressions of Interest to be lodged prior to Wednesday 10 June 2015 at 2pm (AEST).
Property ID: 501548367Last Updated: 17 May 2018
222 Exhibition Street
Melbourne, VIC 3000
Colliers - MelbourneLevel 30, 367 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Contact Agency
Savills - Sydney CBDLevel 25, 1 Farrer Place
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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