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 Sale Via Expression of Interest (EOI) Campaign closing Wednesday, 12th March 2025 at 12.00pm (AEDT) unless sold prior.
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.
