410-412 Lonsdale StreetMelbourne VIC 3000
Property Details for 410-412 Lonsdale St, Melbourne
Last Listing description (September 2024)
Cushman & Wakefield Melbco City Sales are delighted to present for sale 410 Lonsdale Street, Melbourne, a substantial retail and office freehold building in the heart of Melbourne CBDs Legal Precinct, with the following key attributes: Classically designed 6-level freeholding building of 978sqm* Gross Floor Area (GFA). Exclusive Melbourne CBD landholding of 208sqm* located in the heart of the highly sought after Legal Precinct. Partially leased building providing a current estimated net income of $190,979 + GST + Outgoings p.a., providing flexibility to owner occupy, achieve strong rental upside and fully lease or strata sell-down. Prominent 9 metre* frontage to Lonsdale Street with rear access via Finlay Alley, the building provides versatile accommodation and has recently undergone a substantial refurbishment. Favourable Capital City 1 Zoning permits a variety of uses including office, retail and hospitality (STCA). Exceptional surrounding retail amenity, one block from the Hardware Lane Hospitality Precinct and coveted Retail Core. A short walk to Melbourne Central and Flagstaff Train Stations, providing outstanding transport, accessibility and convenience. An extremely rare opportunity to own a trophy freehold within a thriving Melbourne market.*ApproxFor Sale by International Expressions of Interest closing Thursday 12 September 2024 at 12pm (AEST).For more information, please contact Cushman & Wakefield Melbco City Sales as the exclusive selling agents:Melbco City SalesDaniel Wolman +61 412 957 839Anthony Kirwan +61 431 952 430George Davies +61 421 799 489Asia Capital ServicesLeon Ma +61 417 070 725
Property History for 410-412 Lonsdale St, Melbourne, VIC 3000
- 24 Sep 2024Sold
- 08 Aug 2024Listed for Sale Contact Melbco City Sales today
- 06 Aug 2024Listed for Rent - Price not available
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.
Melbourne has 61,354 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:
- The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
- Houses have a median rent of $600 while Units have a median rent of $645.
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