8 Franklin Street, Melbourne, VIC 3000

Retail | Offices

For Sale Please contact agent

  • Property ID: 391669
  • Floor Area: 582m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the building (FTTB)
MELBOURNE’S MOST HIGH-PROFILE CBD CORNER – SIGNIFICANT VALUE ADD

Colliers is pleased to present the opportunity to purchase 8 Franklin Street, Melbourne with the following key attributes:
- UNRIVALLED LOCATION on the corner of Swanston and Franklin Streets within one of Australia’s most densely populated pockets with over 17,000 pedestrians passing by every day
- HIGHLY EXPOSED and prominent corner location with expansive, dual glass facades, offering exceptional signage and advertising opportunities
- DEVELOPMENT OPPORTUNITY - Favourable Capital City Zoning providing flexibility for an array future uses including hospitality, retail and office
- SUBSTANTIAL VALUE ADD SCENARIOS - Exceptional value add potential to construct internal floors (STCA) and significantly increase floor area and generate further income
- ULTIMATE OPPORTUNITY to reposition, redevelop, invest or owner occupy on Melbourne’s best thoroughfare
- 24 HOUR RETAIL PRECINCT surrounded by unparalleled retail and hospitality amenity as well as world renowned universities; RMIT and The University of Melbourne
- MAJOR INFRASTRUCTURE NEARBY - Set to directly benefit from the new State Library Train Station part of the Melbourne Metro Tunnel, Queen Victoria Market refurbishment and the completion of surrounding skyscrapers
- PUBLIC TRANSPORT HUBS - Direct access to public transport including Melbourne Central Station and tram routes along Elizabeth Street and Swanston Street
- CAR PARKS ON TITLE - Four (4) highly sought after and convenient car parks on title
- UNIQUE chance to own one of Melbourne’s most prominent corner properties on one of Melbourne’s most highly pedestrianised streets
*Approximate
Private Sale closing Thursday 17th June 2021 at 12pm
To arrange an inspection or for more information please contact Colliers Melbourne City Sales team as the exclusive selling agents
Oliver Hay | +61 419 528 540
Leon Ma ??? | +61 417 070 725
Anthony Kirwan | +61 431 952 430
Transaction managed by JACX

Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2950 --- ---
Offices $6846 $828 12.09%
Retail --- $865 ---
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 Sale

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.

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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