189-191 Lonsdale Street, Melbourne

• SOLD June 2024

• Land Area - 212 sqm

• Floor Area - 467 sqm

• Incredibly rare 7am liquor licence

• First time offered in 38+ years

Alexander Robertson & Co. and Cushman & Wakefield are delighted to present for sale 189-191 Lonsdale Street, Melbourne.

This Trophy Retail Asset in Melbourne’s CBD Retail Core offers the following key attributes:

• A once in a generation opportunity, 189-191 Lonsdale Street is offered for sale for the first time in 38+ years.

• One of only ten (10) buildings on the ‘Golden Mile’ of the famed Greek Precinct of the Melbourne CBD and metres from the heart of Chinatown.

• Superb three (3) level freestanding building with 10m* of prominent Lonsdale Street frontage.

• Total current estimated net income of $122,731.41 + GST + Outgoings p.a. Partially leased with 70.23% vacancy providing enormous rental uplift potential or owner occupier appeal.

• Two ground floor retail tenancies are leased to Melbourne institution ‘Caras’, a Greek music, travel agent and gift store and ‘Black & White Co’ trading as popular ‘Tobacco Vape Channel’.

• An incredibly rare 7am liquor licence accompanies Level 1 & 2, an untenanted nightclub and hospitality venue with separate access from Lonsdale Street.

• Blue chip Retail Core location between Swanston Street and Russell Street, with immediate proximity to QV Melbourne, Melbourne Central Shopping Centre, Emporium Melbourne, the Theatre Precinct and more.

• The sub $10million Melbourne CBD freehold you’ve been waiting for.

Alexander Robertson & Co.
Commercial Real Estate Agents, Melbourne | @AlexRobertsonCo