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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area
Land Area ()

Property Description

JLL Melbourne has the exclusive privilege to offer for sale this rare and unique CBD freehold building at Lensworth House, 174-176 Queen Street, Melbourne.


Key details of the opportunity include:


·        A classic four storey central CBD office and retail building providing 1,019sqm of NLA.

·        A highly versatile opportunity for prospective owner occupiers, value add or passive investors.

·        Lensworth House offers flexible floor plates that accommodate for all manner of businesses/tenants and provides existing income from ground floor restaurant.

·        Serviceable walk-up internal staircase and lift access available.

·        Exclusive access to rare basement car parking for 9 cars and ample on-grade parking on Queen Street.

·        Valuable dual street frontages to Queen Street and a rear laneway accessible via Kirks Lane.

·        Flexible Capital City Zone provides for construction above roof line or complete redevelopment to cater for a range of uses commercial or residential uses (STCA).

·        A burgeoning commercial precinct with numerous institutional grade commercial developments now under construction by notable developers including Brookfield, ISPT, Cbus, GPT and more.

·        The immediate precinct has been endorsed by major Australian companies including NAB, ANZ and RACV.

·        A highly active commercial hub positioned in the middle of the city’s renowned Legal and Financial Precincts.

·        Bustling foot traffic location that is easily accessible via Queen Street buses and Bourke/Collins Street trams.

·        Convenient walking distance to some of Melbourne’s most iconic eateries situated on Hardware Lane and Little Bourke Street, as well as Bourke Street Mall.

·        First time offered in 21 years, this is a unique opportunity for businesses to acquire their next office headquarters, being only one of 4 sub $15m office buildings being offered for sale on Queen Street in the past decade.

 

Lensworth House, 174-176 Queen Street, Melbourne is For Sale via International Expressions of Interest closing on Friday 20 August 2021 at 2pm (AEST).



 Open for Inspection times are follows:


  • Friday 23rd July from 11.00am – 12.00pm
  • Tuesday 27th July from 4.00pm – 5pm
  • Friday 30th July from 11.00am – 12.00pm
  • Tuesday 3rd August from 4.00pm – 5.00pm
  • Friday 6th August from 11.00am – 12.00pm


To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

 


Josh Rutman | 0411 27 37 46

Tim Carr | 0415 767 915

Nick Peden | 0402 011 266

Mingxuan Li 李名  | 0498 688 998


*Approximate

Investment Highlights

  • Commanding CBD freehold building
  • Rare CBD basement car parking
  • Primed to occupy and/or invest


Last Updated Date: 28 Jul 2021
Josh Rutman
Josh Rutman
Senior Director, Capital Markets Head of Middle Markets & Metropolitan Investments – Victoria
Tim Carr
Tim Carr
Executive - Middle Markets

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Last Updated Date: 28 Jul 2021

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