![Cushman & Wakefield - Melbourne](https://i1.au.reastatic.net/170x46-fit/0320647c19ee7074e0315db8ed69bce7c3e2b548c160d8fb947cfc9c7dabd5d8/large.jpg)
Ground Floor, 97-103 Elizabeth Street,
Melbourne, VIC 3000
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Floor area
Property extent
Tenure type
Sold on
Cushman & Wakefield - Melbourne
Level 9, 385 Bourke StreetMELBOURNE, VIC 3000
![Cushman & Wakefield - Melbourne](https://i1.au.reastatic.net/170x46-fit/0320647c19ee7074e0315db8ed69bce7c3e2b548c160d8fb947cfc9c7dabd5d8/large.jpg)
Ground Floor, 97-103 Elizabeth Street
Melbourne, VIC 3000
Map of Ground Floor, 97-103 Elizabeth Street
The Marvellous Melbourne CBD Retail Portfolio – Four Prime Retail Assets For Sale Individually, In One Line Or Any Combination
- Deceased Estate
- Prime Retail Core CBD Location
- 10.25m* Passing Pedestrians Each Year
Cushman & Wakefield are delighted to present for sale, Ground Floor & Basement, 97-103 Elizabeth Street, Melbourne for sale - unquestionably, one the finest sub $20million retail investment opportunities the Melbourne CBD market has seen in several years.
- Four (4) prime strata retail investment assets comprising the entire ground floor of 97-103 Elizabeth Street, Melbourne, plus a basement title, offered for sale individually, in one line or any combination.
- Premium Retail Core investment opportunity in the heart of the Melbourne CBD, positioned on one of Melbourne’s highest pedestrian foot traffic thoroughfares with 17.5m*frontage, between Collins Street and Bourke Street Mall.
- Two Elizabeth Street assets anchored by blue-chip national fast-food/QSR tenants, ‘Betty’s Burgers’ and ‘Zambrero’ in addition to two high-performing independent retail tenants on Melbourne’s hottest café location, Equitable Place, ‘Decennium Australia’ and ‘Madamimadam’.
- Immediate potential to increase rental income by repositioning and reletting the unencumbered lower ground title of 227sqm*.
- Substantial combined passing net income of $797,043.29 + GST + Outgoings p.a. with a diversified tenancy profile, compounding annual rental increases (3.00%-4.00%) and WALE by income of 3.51* years.
- Situated on the ‘ant track’ to Flinders Street Train Station (400m*), with 10.25* million passing pedestrians every year, (City of Melbourne).
- Offered for sale as part of a deceased estate, a rare opportunity for savvy local and offshore investors with $1.5million to $15million* budget.
For Sale by International Expressions of Interest closing Wednesday 17 July 2024 at 12.00pm.
Anthony Kirwan | +61 431 952 4...
George Davies | +61 421 799 4...
Leon Ma 马海翔 | +61 417 070 7...
Jeff Ha 石军豪 | +61 401 145 1...
- Four (4) prime strata retail investment assets comprising the entire ground floor of 97-103 Elizabeth Street, Melbourne, plus a basement title, offered for sale individually, in one line or any combination.
- Premium Retail Core investment opportunity in the heart of the Melbourne CBD, positioned on one of Melbourne’s highest pedestrian foot traffic thoroughfares with 17.5m*frontage, between Collins Street and Bourke Street Mall.
- Two Elizabeth Street assets anchored by blue-chip national fast-food/QSR tenants, ‘Betty’s Burgers’ and ‘Zambrero’ in addition to two high-performing independent retail tenants on Melbourne’s hottest café location, Equitable Place, ‘Decennium Australia’ and ‘Madamimadam’.
- Immediate potential to increase rental income by repositioning and reletting the unencumbered lower ground title of 227sqm*.
- Substantial combined passing net income of $797,043.29 + GST + Outgoings p.a. with a diversified tenancy profile, compounding annual rental increases (3.00%-4.00%) and WALE by income of 3.51* years.
- Situated on the ‘ant track’ to Flinders Street Train Station (400m*), with 10.25* million passing pedestrians every year, (City of Melbourne).
- Offered for sale as part of a deceased estate, a rare opportunity for savvy local and offshore investors with $1.5million to $15million* budget.
For Sale by International Expressions of Interest closing Wednesday 17 July 2024 at 12.00pm.
Anthony Kirwan | +61 431 952 4...
George Davies | +61 421 799 4...
Leon Ma 马海翔 | +61 417 070 7...
Jeff Ha 石军豪 | +61 401 145 1...
Property ID: 504609516Last Updated: 23 Jul 2024
Cushman & Wakefield - MelbourneLevel 9, 385 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Cushman & Wakefield - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.