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Colliers - Melbourne

383-387 Lonsdale Street (Crn. Niagara Lane) Melbourne, VIC 3000

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383-387 Lonsdale Street (Crn. Niagara Lane),
Melbourne, VIC 3000

Shops & Retail • Hotel, Motel & Leisure

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Colliers - Melbourne

Colliers - Melbourne

Level 30, 367 Collins Street
MELBOURNE, VIC 3000
03 9629 88...
Colliers - Melbourne
383-387 Lonsdale Street (Crn. Niagara Lane)
Melbourne, VIC 3000

Map of 383-387 Lonsdale Street (Crn. Niagara Lane)

Directions

A PRIME CORNER CBD FREEHOLD

  • TRIPLE STOREY CORNER FREEHOLD BUILDING
  • EPICENTRE OF MELBOURNE’S CBD
  • FULLY LEASED WITH FIXED RENTAL INCREASES
Colliers International are proud to offer for sale 383-387 Lonsdale Street, Melbourne.

• A dominant three (3) storey building plus basement, benefiting from multiple street frontages

• Exceptionally located on the corner of Lonsdale Street and Niagara Lane, in the centre of Melbourne’s CBD

• Substantial passing income of $542,788 with fixed 3.75% annual increases

• Future value-add and development opportunities – perfectly suited for retail, hospitality, office or residential uses

• Immediate proximity to Emporium Melbourne, Bourke Street Mall, Melbourne GPO and Melbourne Central

• Surrounded by over $3 billion worth of landmark residential and commercial developments including Brady Group’s project at 380 Lonsdale Street, the future NAB headquarters at 405 Bourke Street and CBUS Property’s $1 billion project at 435 Bourke Street

• Direct access to public transport including Melbourne Central Station and tram routes along Elizabeth Street, Bourke Street and La Trobe Street

• The ultimate CBD investment opportunity surrounded by Melbourne’s best

*Approx / #STPA

FOR SALE BY INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 2 OCTOBER 2019 AT 12.00PM

For further information or to arrange an inspection of the property please contact Colliers International as the exclusive selling agents.

This property is proudly marketed by the Melbourne City Sales team (MCS).

Melbourne, 3000 demographic data

The median household income for Melbourne is $1,448, 24% lower than Greater Melbourne's household income of $1,901. Melbourne has a younger age profile compared to the rest of Greater Melbourne (median age 29 vs 37). Property ownership data shows 47% of property owners in Melbourne have a mortgage.

54,941
Population
$1,448 per week
Median household income
29 years
Median age
Renters
Most residents
Singles
Most households
Colliers - Melbourne
Level 30, 367 Collins Street
MELBOURNE, VIC 3000

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