27-31 King Street, Melbourne, VIC 3000

Hotel/Leisure | Offices | Retail

For Sale Contact the Stonebridge Team

  • Property ID: 448072
  • Floor Area: 1946m²
  • Land Area: 362m²
  • Occupancy: Vacant
Fully Leased Melbourne CBD Freehold with National Anchor Tenant

Stonebridge Property Group is pleased to present for sale 27-31 King Street, Melbourne, a fully leased Melbourne CBD freehold.

The 1,946 sqm* NLA building is anchored by a renewed 10-year lease to Australian Venue Co. trading as State of Grace.

The property resides in one of Australia’s most recognised hospitality precincts and nearby Charter Hall’s recently completed 555 Collins Street, Crown Casino, Southern Cross Station and Marvel Stadium.

Key highlights of the opportunity include:

- Fully leased building with $1,017,920* + GST net income (p.a.) + annual increases

- Renewed 10-year lease to anchor tenant, Australian Venue Co. trading as State of Grace

- Australian Venue Co. has a national network of 200+ venues & generates $1Bn+ turnover^

- 1,946 sqm* NLA freehold, plus a prominent 15.5 m* of prime retail frontage to King Street and rear frontage to Hay Place.

- Nearby Charter Hall’s 555 Collins St, Crown Casino, Southern Cross & Marvel Stadium

- Centrally located in one of Australia’s most recognised hospitality precincts

- Ideally suited for investors, landbankers or for future development (STPA)

To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Julian White
0422 764 137

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Chao Zhang ??
0411 625 068

Property Code: 1048

Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6728 $790 11.74%
Industrial --- $305 ---
Offices $5998 $799 13.33%
This is the average advertised price, rent and yield for Melbourne, VIC 3000*
* 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:

  • 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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