78-86 Dudley Street, West Melbourne, VIC 3003

Development/Land | Retail | Hotel/Leisure

Sold

Sold

  • Property ID: 420244
  • Floor Area: 1007m²
  • Land Area: 742m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 09/11/2022 1007m2 742m2 Contact Agent
ICONIC CBD FRINGE CORNER LANDBANK OPPORTUNITY

PROPERTY HIGHLIGHTS

High Profile Corner location
Direct Frontage to Flagstaff Gardens
Mixed Use Zoned Land


CVA and JLL Melbourne have the exclusive privilege of offering for sale this high-profile corner located at 78-86 Dudley Street, West Melbourne

Key details of the opportunity include:

High profile corner freehold of 1,007sqm*
Ground Floor – 742 sqm*
First Floor – 265 sqm*
Extremely valuable corner landholding of 742sqm*
Leased to long-standing tenant ‘Witches in Britches’
1am Liquor License - Public Bar (110 patrons) & Theatre Restaurant (240 patrons)
Current rental of $245,203 per annum
Mixed Use Zoning
3 street frontages totalling 87 metres*
Incredible location on the corner of King and Dudley Streets
Direct parkland frontage to the 7.2 hectare Flagstaff Gardens
Within 500m of Flagstaff Station, Queen Victoria Market and all that the Melbourne CBD has to offer
A CBD fringe opportunity not to be missed!

78-86 Dudley Street, West Melbourne is For Sale by Expressions of Interest closing Wednesday 26 October at 2pm

To obtain further information or to arrange an inspection, please contact the exclusive selling
agent.

CVA:
Ian Angelico | 0418 336 088
Jarrod Moran | 0413 251 621

JLL:
Josh Rutman | 0411 273 746
Nick Peden | 0402 011 266
Tim Carr | 0415 767 915

For Chinese Mandarin inquiries, please contact MingXuan Li ??? (0498 688 998). WeChat ID: Mingxuanli777.


*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Lease Term: 7 years + further term of 5 years
  • Rent Review: Annual 4% increases, market value at option.
  • Car Spaces: N/A
  • Condition: Very Good
  • Floors: Concrete
  • Lifts: NA
  • Height: Various
Outgoings
  • Land Tax: $26,425.00 (single holding)
  • Council Rates: $14,384.93 p.a includes Fire Services Levy
West Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2817 $275 9.77%
Offices $6403 $307 4.79%
Retail $7092 $301 4.24%
This is the average advertised price, rent and yield for West Melbourne, VIC 3003*
* 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.

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™.
  • 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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