Tiga Commercial and Stonebridge Property Group are pleased to present for sale 383-387 Lonsdale Street, Melbourne.

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The 970sqm* building is accompanied by a recently renewed 5-year lease to a popular entertainment venue with 3.75% annual increases per annum and five further 5-year options. The property resides in a highly sought after CBD location between major arterials, Elizabeth Street and Queen Street, with immediate access to Melbourne Central (250m*), Emporium Melbourne (175m*) and Hardware Lane (25m*).

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The key highlights of the opportunity include:

• Corner Melbourne CBD freehold in prime location suitable for investors & future development
• Strong rental income of $800,000* per annum from long standing tenant
• Recently renewed 5 year lease with 3.75% annual increases and five further 5-year options
• Significant total building area of 970sqm* across 3 levels plus basement
• Large 445sqm* land area on the corner of Lonsdale Street and Niagara Lane, with total street frontage of 42.8m*
• Prime retail location capturing foot traffic from Melbourne Central (250m*), Emporium Melbourne (175m*) and Bourke Street Mall (300m*)
• Established high density location surrounded by newly built office, hotel and residential buildings

*Approximate