488 La Trobe Street,
Melbourne, VIC 3000

The Savills City Sales team is delighted to offer an exceptional CBD freehold with significant income and remarkable development potential.

This magnificent property represents a very rare opportunity to purchase a fully leased CBD building with demolition clauses within the leases, providing for secure holding income and rapid development potential.

• A large land parcel of 1,012sq m*
• Existing two level office building of 1,312sq m* with 18 car parking bays
• Net income of $385,950 per annum* (with development break clauses)
• Suit a range of development outcomes including high density residential, hotel, etc.
• A high profile CBD location close to Flagstaff Gardens, RMIT, Flagstaff train station, Melbourne Central
• Shopping Centre and Docklands plus the full range of CBD lifestyle amenity
• An extraordinary opportunity to secure a prime CBD property with major upside!

The opportunity to secure a CBD property of this calibre is rare, especially taking into account the compelling CBD location, excellent holding income and fantastic development potential.

The property is For Sale by Expressions of Interest closing Wednesday 18 June at 2pm.

For further information please contact the selling agents:

Julian Heatherich - 0412 995 6...
Benson Zhou - 0458 488 8...