16-20 Thistlethwaite StreetSouth Melbourne VIC 3205
Property Details for 16-20 Thistlethwaite St, South Melbourne
Last Listing description (September 2022)
Colliers is pleased to present the opportunity to secure one of South Melbourne's most prominent buildings, 16-20 Thistlethwaite Street, South Melbourne.
This stylish and refurbished three-storey office includes light filled expansive floor plates leading to an impressive West facing balcony on the top floor with CBD views. Offering accessibility with internal lift access, as is functional and convenient with modern kitchen facilities and bathroom amenities located on both upper levels. Ground level provides a sophisticated entrance foyer with internal access to secure off-street parking for twelve (12) vehicles.
16-20 Thistlethwaite Street, presents as an ideal investment with future development potential positioned within the evolving Fishermans Bend precinct, Australia's largest urban renewal project (STCA).
Key features include:
- Fully leased to longstanding, quality tenant Think HQ, a integrated communications agency, working solely on projects that drive social good.
- Leased until December 2023 with 2x4 year options until 2031 benefiting from imminent rental upside at market review.
- Generating a total estimated net income of $227,637* + GST + Outgoings per annum with fixed 3.0% annual increases.
- An exemplary 3-level office building of 1,253sqm* (GFA) positioned on regular shaped, corner landholding of 417sqm* with combined frontages spanning over 41m*.
- Significant internal fit-out investments and improvements to support the growth of the tenant's business.
- Inclusive of a modern fit-for-purpose recording studio.
- Flexible Capital City Schedule 1 Zoning supporting an array of future uses & the potential to create a development project of up to 18 levels (STCA).
- Secure undercover parking for up to twelve (12) vehicles accessible from Thistlethwaite Street.
- Evolving inner-city location, just moments from the Melbourne CBD, the world-famous South Melbourne Market, Port Melbourne Beach, Clarendon Street Retail, and Southbank Promenade.
- Direct access to the CBD via Montague Street and City Road & well-serviced by public transport networks.
For Sale by Expressions of Interest closing 12.00pm Wednesday 31 August 2022 (AEST)
To arrange an inspection or for more information please contact Colliers Melbourne City Sales team as the exclusive selling agents
Alexander Leggo | +61 432 053 747
Daniel Wolman | +61 412 957 839
Anthony Kirwan | +61 431 952 430
International Enquiries:
International and mandarin speaking investors are warmly invited to contact Colliers Asia services desk:
Leon Ma | +61 417 070 725
*Approx
Property History for 16-20 Thistlethwaite St, South Melbourne, VIC 3205
- 05 Sep 2022Sold for $6,000,000
- 29 Jul 2022Listed for Sale Please contact agent
- 21 Jun 2018Sold for $5,800,000
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About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. There are 15 parks, covering nearly 3.3% of the total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.
South Melbourne has 12,940 properties. Over the last 5 years, Houses in South Melbourne have seen a -4.88% decrease in median value, while Units have seen a -0.82% decrease. As at 31 July 2026:
- The median value for Houses in South Melbourne is $1,699,133 while the median value for Units is $613,169.
- Houses have a median rent of $850 while Units have a median rent of $675.
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