18-20 Russell Street, Melbourne, VIC 3000

Retail | Offices | Showrooms

Leased

  • Property ID: 131980
  • Floor Area: 438m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Ground Floor Leased 20/02/2015 438m2 N/A $240,000
Premier Ground Floor CBD Retail, Showroom or Office Opportunity

Previously occupied by Gucci this prime ground floor retail space has an extensive frontage to Russell Street and rear frontage to Oliver Lane.

This ultra-modern space is positioned adjacent to the historic Forum Theatre which is to undergo extensive refurbishment together with a new multi storey hotel. Iconic neighbours include Chanel, Louis Vuitton, Grand Hyatt luxury hotel, The Duke of Wellington Hotel, Coda, Bowery to Williamsburg, The Meatball & Wine Bar, Chin Chin and Lucy Lui.

The open plan ground floor space features floor to ceiling glass shop front, excellent natural light and amenities.

Further enhancing the space is 1 onsite car space / storage area with 1 roller shutter door, accessed via Oliver Lane.

Enquire today.

Additional Information
Features
  • Availability: Immediate
  • Zoning: Capital City Zone - Schedule 1 (CCZ1)
  • Lease Term: Negotiable
  • Rent Review: Negotiable
  • Car Spaces: 1 undercover onsite car space (can be used as a storage area)
  • Condition: Excellent
  • Air Conditioning: Yes
  • Roller Doors: 1x roller shutter door (accessed via Oliver Lane)
  • Floors: Polished concrete
  • Lifts: None
  • Height: 3 metres (approx)
  • Age: Refurbished
  • Car Parking Fees: None
Outgoings
  • Water Rates: See below
  • Land Tax: See below
  • Council Rates: See below
  • Owners Corp. / Insurance: See below
  • Other Charges: Budgeted outgoings $45,000pa
Melbourne Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $305 ---
Retail $9125 $688 7.54%
Offices $6717 $807 12.01%
This is the average advertised price, rent and yield for Melbourne, VIC 3000*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 18-20 Russell Street, Melbourne, VIC 3000. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 18-20 Russell Street, Melbourne, VIC 3000. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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