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469 Elizabeth Street

Melbourne

 

VIC

 

3000

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Applicable Property Types:
Retail
 • 
Office
 • 
Other
 • 
Floor Area: 
m2
 – 
119
m2
Land Area: 
105
m2
Total Car Spaces: 
Parking Comments: 
Energy Rating: 

Super Prime CBD Gem in Rapid Growth Precinct

• 
Flourishing pocket of Elizabeth Street
• 
Surrounded by 10,000+ dwellings
• 
Rental upside due to extension permit

Tiga Commercial is pleased to present the opportunity to purchase 469 Elizabeth Street, Melbourne with the following key property highlights:

  • A super prime 2-level freestanding asset in the heart of the northern Elizabeth Street Precinct, likened as Melbourne’s new Chinatown
  • 4.8m* of prime Elizabeth Street frontage with rear access to easement
  • Leased to long standing tenant Sarawak Kitchen, returning a net income of approximately $156,000 exc. GST plus outgoings per annum
  • Renewed 5-year lease commencing December 2019 with no further options, providing potential future owner occupation
  • Major rental upside with permit approved building extension
  • Surrounded by an abundance of major food and beverage establishments, from numerous nations originating from Asia including Korea, Japan, Malaysia, China, Hong Kong amongst others
  • Neighbouring Melbourne’s notable landmarks such as the Queen Victoria Market, major universities RMIT as well as Melbourne Central Shopping Centre, boasting high levels of pedestrian and vehicular traffic
  • Bolstered by significant apartments and student accommodation developments including Unilodge and Scape just metres away, as well as the precinct defining QVM and Munro Site Redevelopment Project, delivering car parks, community spaces, and a boutique hotel
  • On the doorstep to public transport options including Elizabeth Street tram links and Melbourne Central Train Station and future State Library Station

*Approximate.

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