Oaks on Lonsdale 23-33 Lonsdale Street
Melbourne, VIC 3004
Colliers - Melbourne
Level 30, 367 Collins StreetMELBOURNE, VIC 3000
Map
Prime East End Investment with Ultimate Flexibility
- Securely leased serviced apartments
- 148 apartments and 58 cars in one line
- Potential for VP with lease termination
Colliers are pleased to present for sale 23 - 33 Lonsdale Street, Melbourne, via EOI closing Wednesday 21st April at 4pm.
Currently operated as the Oaks on Lonsdale, the property provides 148 serviced apartments with secure income stream leased to Oaks Hotels and Resorts. With annual rental increases and a ratchet clause protecting rental downside, this is an ideal investment in Melbourne’s east end.
The prominent 29 level building comprises 148 studio, one and two bedroom apartments plus 58 car parks across 5 levels along with prime ground floor and basement retail spaces. Situated in the prime east end of the Melbourne CBD within the theatre district and nearby Chinatown, the property maintains excellent view lines over the heritage and low scale eastern end buildings to Parliament House and surrounding parkland.
With the potential to terminate the lease at the landlords discretion, 23-33 Lonsdale Street provides ultimate flexibility for conversion to Student Accommodation, Build to Rent, Co-Living, Residential or to rebrand and reposition the Serviced Apartments.
Property Highlights:
•Prime east end location with unobstructed view lines
•Securely leased to established serviced apartment operator Oaks Hotels and Resorts (Minor Hotels Group).
•Comprises 148 Serviced Apartments with car parking and ground floor retail.
•Opportunity to acquire a flexible CBD asset suitable for Build-to-Rent; Co-living, Serviced Apartments and/or a mix of uses (STCA)
•Ideally located within the Theatre district within walking distance to significant new corporate office development, retail and parkland.
Contact the marketing agents below.
Colliers:
Gus Moors
0404 005 066
Guy Wells
0405 612 416
Oliver Hay
0419 528 540
Trent Hobart
0433 196 452
Currently operated as the Oaks on Lonsdale, the property provides 148 serviced apartments with secure income stream leased to Oaks Hotels and Resorts. With annual rental increases and a ratchet clause protecting rental downside, this is an ideal investment in Melbourne’s east end.
The prominent 29 level building comprises 148 studio, one and two bedroom apartments plus 58 car parks across 5 levels along with prime ground floor and basement retail spaces. Situated in the prime east end of the Melbourne CBD within the theatre district and nearby Chinatown, the property maintains excellent view lines over the heritage and low scale eastern end buildings to Parliament House and surrounding parkland.
With the potential to terminate the lease at the landlords discretion, 23-33 Lonsdale Street provides ultimate flexibility for conversion to Student Accommodation, Build to Rent, Co-Living, Residential or to rebrand and reposition the Serviced Apartments.
Property Highlights:
•Prime east end location with unobstructed view lines
•Securely leased to established serviced apartment operator Oaks Hotels and Resorts (Minor Hotels Group).
•Comprises 148 Serviced Apartments with car parking and ground floor retail.
•Opportunity to acquire a flexible CBD asset suitable for Build-to-Rent; Co-living, Serviced Apartments and/or a mix of uses (STCA)
•Ideally located within the Theatre district within walking distance to significant new corporate office development, retail and parkland.
Contact the marketing agents below.
Colliers:
Gus Moors
0404 005 066
Guy Wells
0405 612 416
Oliver Hay
0419 528 540
Trent Hobart
0433 196 452
Property ID: 503778102Last Updated: 15 Apr 2021
Agency contacts
Gus Moors
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