Tiga Commercial is delighted to exclusively present 110-112 Franklin Street, Melbourne, a tightly held freehold investment opportunity with potential for development upside (STCA).
Key features of this opportunity:
- Unmissable two-level freehold building, ideally positioned one of the CBD’s busiest pockets, close by to Northern Elizabeth Street and Queen Victoria Market precincts.
- The land area spans 467sqm* with a total building area of 576sqm* across the ground, mezzanine portion and first floors.
- Fully leased building with long-standing electronics retailer ‘Jaycar’ for a 5-year term, and short-term office occupier on Level 1.
- Benefitting from laneway activation with exposure to Berrbang & Blender Lane with direct access to QVM Market precinct.
- Moments from Queen Victoria Market Precinct’s ‘Gurrowa Place’, undergoing a major $1.7 billion restoration. This revitalization includes:
- New market infrastructure
- The Munro development and new community hub
- A pop-up park
- The Queen Street Plaza
- 1.8 hectares of public open space
- New hospitality and retail offerings, directly connected to the property via Blender & Berrbang Lanes. - Surrounded by high-density student accommodation and residential developments, including LIV Munro, Iglu, Scape, Unilodge, Fulton Lane, UNO Melbourne, and the upcoming 1,103-room student accommodation at 100 Franklin Street.
- Ample on-street parking, proximity to Elizabeth Street trams, and is within walking distance of Melbourne Central Station, ensuring ease of access.
- Close to RMIT University, University of Melbourne, Melbourne Central, Elizabeth Street North Dining Precinct, and Flagstaff Gardens.
- Franklin Street is currently experiencing high development activity with the recent opening of LIV Munro project and laneway activation with a warming blend of food, art and market culture.
For Private Sale.
Please contact the Tiga team to register your interest, obtain further information or to arrange a private inspection.
*Approximate
Disclaimer: All sizes and dimensions provided are approximate. Interested parties should independently verify the information in this summary and seek professional advice before proceeding.