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189-191 Lonsdale Street, Melbourne

$0.00
LEASED

A Coveted Greek Precinct & Chinatown Freehold

SOLD

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A Coveted Greek Precinct & Chinatown Freehold

SOLD

A Coveted Greek Precinct & Chinatown Freehold

SOLD

$0.00

    • 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.