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Tiga Commercial - Melbourne

469 Elizabeth Street Melbourne, VIC 3000

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469 Elizabeth Street,
Melbourne, VIC 3000

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Tiga Commercial - Melbourne
Martin Leong 梁文伟
David Sia 谢忠佑

Tiga Commercial - Melbourne

Level 11, 410 Collins Street
MELBOURNE, VIC 3000
Tiga Commercial - Melbourne
469 Elizabeth Street
Melbourne, VIC 3000

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Super Prime CBD Gem in Rapid Growth Precinct

  • FLOURISHING POCKET OF ELIZABETH STREET
  • SURROUNDED BY 10,000+ DWELLINGS
  • RENTAL UPSIDE DUE TO EXTENSION PERMIT
Tiga Commercial is pleased to present the opportunity to purchase 469 Elizabeth Street, Melbourne with the following key property highlights:

➊ A super prime 2-level freestanding asset in the heart of the northern Elizabeth Street Precinct, likened as Melbourne’s new Chinatown

➋ 4.8m* of prime Elizabeth Street frontage with rear access to easement

➌ Leased to long standing tenant Sarawak Kitchen, returning a net income of approximately $156,000 exc. GST plus outgoings per annum

➍ Renewed 5-year lease commencing December 2019 with no further options, providing potential future owner occupation

➎ Major rental upside with permit approved building extension

➏ Surrounded by an abundance of major food and beverage establishments, from numerous nations originating from Asia including Korea, Japan, Malaysia, China, Hong Kong amongst others

➐ Neighbouring Melbourne’s notable landmarks such as the Queen Victoria Market, major universities RMIT as well as Melbourne Central Shopping Centre, boasting high levels of pedestrian and vehicular traffic

➑ Bolstered by significant apartments and student accommodation developments including Unilodge and Scape just metres away, as well as the precinct defining QVM and Munro Site Redevelopment Project, delivering car parks, community spaces, and a boutique hotel

➒ On the doorstep to public transport options including Elizabeth Street tram links and Melbourne Central Train Station and future State Library Station

*Approximate

FOR SALE BY EXPRESSIONS OF INTEREST (EOI)
Due to the Stage 4 Covid Lockdown in Victoria, the Expressions of Interest campaign has been extended until further notice. Please contact the exclusive agents for further details:

David Sia 谢忠佑 +61 430 111 2...
Nicholas Hii +61 451 661 212
Martin Leong 梁文伟 +61 425 699 7...

Additional information

Property ID: 503584070Last Updated: 28 Mar 2021

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