An architecturally-designed 3-level building plus basement in an outstanding Melbourne city location is for sale.
The 448-454 La Trobe Street, West Melbourne property is being offered for sale through Fitzroys’ Chris Kombi, Chris James and Ben Liu via Expressions of Interest closing Wednesday, 19 November at 3pm.
The vendor is Italian furniture design company UniFor.
Offered with vacant possession, the 750sqm building features lift access, pre-cast concrete design with contemporary finishes, and triple-height void providing architectural impact and excellent natural light throughout the entire building.
The building was constructed in 2006 and designed by acclaimed architectural firm Woods Bagot.
The property is on a valuable city landholding of 347sqm, with a significant street presence with over 15 metres of frontage and additional frontage and access to Phoenix Lane.
“This is an incredibly rare chance to acquire a three-level freehold in a prime CBD West End location with amazing flexibility,” Kombi said.
“Special Use zoning and immediate availability makes this a premium investment or flagship headquarters ready for occupation in a high-growth CBD area.”
“We’ve had early interest coming from office and showroom occupiers, as well as investors.”
James said the property is in a remarkable location, positioned directly opposite Flagstaff Gardens and Flagstaff train station, with a prime legal precinct address capturing high-value traffic from the Supreme Court, County Court and Magistrates Court, corporate towers, and the nearby Southern Cross train station and retail hub.
“The property is also close to the burgeoning Docklands dining scene, there are popular eateries and cafes along La Trobe Street, and the renowned Queen Victoria Market is moments away, offering a massive daytime food and produce destination,” he said.
“It’s also ideally placed to capture the generational growth taking place in adjoining West Melbourne, which is driving continued and growing demand for residential and commercial product and further boosting activity in this part of the CBD.”
Liu said the property is positioned for unparalleled access across greater Melbourne, serviced by major tram routes on La Trobe Street and is just a few moments from Flagstaff train station, as well as being one block from the city's main transport hub, Southern Cross station, which services all regional and airport-bound trains, as well as several additional tram and bus routes.
He said the property’s Special Use zoning also provides for a variety of development outcomes (STCA).