383-387 Lonsdale StreetMelbourne VIC 3000
Property Details for 383-387 Lonsdale St, Melbourne
Last Listing description (November 2023)
Stonebridge Property Group and Tiga Commercial are pleased to present for sale 383-387 Lonsdale Street, Melbourne.
The 970 sqm* building is accompanied by a recently renewed 5-year lease to a popular entertainment venue with 3.75% annual increases per annum and five further 5-year options. The property resides in a highly sought after CBD location between major arterials, Elizabeth Street and Queen Street, with immediate access to Melbourne Central (250 m*), Emporium Melbourne (175 m*) and Hardware Lane (25 m*).
The key highlights of the opportunity include:
- Corner Melbourne CBD freehold in prime location suitable for investors & future development
- Strong rental income of $800,000* per annum from long standing tenant
- Recently renewed 5 year lease with 3.75% annual increases and five further 5-year options
- Significant total building area of 970 sqm* across 3 levels plus basement
- Large 445 sqm* land area on the corner of Lonsdale Street and Niagara Lane, with total street frontage of 42.8 m*
- Sold with a rare 5am liquor licence (rooftop 1am), securing the longevity of the current tenant and/or allowing a future occupier to capitalise on the flourishing Melbourne CBD nightlife
- Prime retail location capturing foot traffic from Melbourne Central (250 m*), Emporium Melbourne (175 m*) and Bourke Street Mall (300 m*)
- Established high density location surrounded by newly built office, hotel and residential buildings
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
Chao Zhang
0411 625 068
Tiga Commercial:
David Sia
0430 111 223
Martin Leong
0425 699 708
Griffin Barrett
0434 620 360
*Approximately
Property History for 383-387 Lonsdale St, Melbourne, VIC 3000
- 10 Jul 2023Listed for Sale Contact Agent
- 27 Sep 2019Sold for $12,700,000
- 27 Sep 2019Sold
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,346 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:
- The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
- Houses have a median rent of $700 while Units have a median rent of $675.
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