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17 Spring Street, Melbourne
17 Spring Street, Melbourne, VIC, 3000, AU
130 m²
JLL in conjunction with Cushman & Wakefield, is excited to present to market a significant value-add and redevelopment opportunity, benefitting from a highly strategic CBD location – just steps away from Bourke Street Mall and in the heart of Chinatown.
+ 11,845sqm* of GLA across 6 levels of retail and commercial tenancies.
+ Significant 3,157 sqm* landholding, one of the largest within the retail core with 58m* of dual street frontage allowing endless possibilities for value-add, refurbishment or future development^.
+ Situated metres from Bourke Street Mall – The fastest growing catchment in Australia.
+ Fully leased net income circa $6m* to a diverse tenancy mix. Anchored by JB Hi-Fi, Victoria Police and Tim Ho Wan.
+ Within the epicenter of one of the world’s most liveable cities.
+ Surrounding precinct generates over $1 billion in retail sales complemented by 24/7 hospitality and foot traffic.
+ An opportunity to own one of the largest landholdings within the retail core.
+ Premium uplift and value-add potential with future development opportunities as well as enormous income growth.
+ True intergenerational freehold retail asset.
*Approximate.
^STCA – Subject to Council Approval.
206 Bourke St. Plaza, Melbourne is being offered For Sale via International Expressions of Interest closing Wednesday 2 April at 12pm (AEDT). For more information, please contact the exclusive selling agents below.
JLL Agents:
Stuart Taylor
0428 000 000
Josh Rutman
0411 27 37 46
MingXuan Li 李名轩
0498 688 998
Cushman & Wakefield Middle Markets Agents:
Oliver Hay
0419 528 540
Daniel Wolman
0412 957 839
Leon Ma 马海翔
0417 070 725
Globally Acclaimed CBD Retail Investment
3,157sqm* Landholding
Fully Leased Net Income Circa $6m*