CB Richard Ellis has great pleasure in offering this extremely RARE opportunity, Tea House - 28 Clarendon Street, Southbank, for sale by tender. The 'Tea House' is one of Melbourne's most iconic buildings, built in the late 1880's, which is best known for its stunning facade and historic features and in more recent times a refurbishment which has ensured the building keeps up with modern day standards. The subject property is a "once in a lifetime" opportunity which is sure to excite every investor, developer and owner occupier across the country!

Property features:

* Total Land Area: 2,948 sqm approx.

* Net Lettable Area: 3,192 sqm approx.

* Car Parking: 61 on site

* Net Income: $487,080.90 approx.

* Lease expiry: maximum end 2009

* Extremely workable floorplates

* Endless add value potential

* Potential for Vacant Possession

* Significant rental growth

* Will suit investors, owner occupiers & developers

Location:
28 Clarendon Street, South bank is ideally located on the south side of Melbourne's Yarra River, directly west of Crown Casino and east of Melbourne's Exhibition Centre. Just meters away from Melbourne's CBD, the subject property is within close proximity to some of the countries finest dining, an abundance of public transport, beautiful parks and gardens and a variety of retail outlets.

For further information, please contact:

Jay Rowlings 0421 048 3...

Mark Wizel 0411 694 756

Mark Coster 0439 033 601