Image 1 of 14
Image 2 of 14
Image 3 of 14
Image 4 of 14
Image 5 of 14
Image 6 of 14
Image 7 of 14
Image 8 of 14
Image 9 of 14
Image 10 of 14
Image 11 of 14
Image 12 of 14
Image 13 of 14
Image 14 of 14
-
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