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26-32 King Street Melbourne, VIC 3000

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26-32 King Street Melbourne, VIC 3000

Offices • Shop & Retail • Development Sites & Land
Sold Price

$11,980,000

Land area

304.0m²

Floor area

1200.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

04 Feb 2019

An Exceptional CBD Freehold Investment

  • Superb CBD Freehold
  • Huge Upside Potential
  • Close to Crown Casino

Savills is delighted to offer for sale this exceptional CBD freehold building located at 26-32 King Street, Melbourne. This outstanding five level retail and office building is fully leased to a range of high quality tenants and is ideally located within the highly popular 24-hour entertainment precinct of Melbourne.

The key attributes of the property include:

- A substantial 5-level retail and office building of 1,200sq m*

- Prime landholding of 304sq m* with significant future development potential

- Leased to a range of quality retail/office tenants including 7-Eleven

- Current Net Rental: $352,399 per annum* + outgoings & GST

- Obvious rental upside, refurbishment and value-add potential

- Situated within Melbourne’s booming western core, currently experiencing a huge influx of development and investment

- Positioned within Melbourne’s vibrant 24-hour entertainment precinct, close to Crown Casino

- A short walk to Southern Cross Train Station

The property presents a fantastic opportunity to capitalise on Melbourne’s rapidly evolving west end, and as such we encourage prospective purchasers to actively consider this excellent opportunity.

26-32 King Street, Melbourne is For Private Sale

Clinton Baxter - 0413 569 888

Jesse Radisich - 0402 085 702

MingXuan Li - 0498 688 998

*Approx

Additional information

Property ID: 502922262Last Updated: 4 Feb 2019

26-32 King Street
Melbourne, VIC 3000

Agency contacts

Savills Melbourne - MELBOURNE

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Savills Melbourne - MELBOURNE

150 Collins Street
MELBOURNE, VIC 3000
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MingXuan Li
Savills Melbourne - MELBOURNE
26-32 King Street Melbourne, VIC 3000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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