142-148 Stanley Street

West Melbourne VIC 3003

*Frontage of 20.1 metres approx.
*Mixed-use zoning
*Rental: $137,655 pa + GST and outgoings (tenant pays land tax on a single holding basis)
*Current lease in place to an ASX listed company
*Lease expires 14th May 2022 (no further options)
The property is strategically located 2 kilometres west of the Melbourne CBD and the intersection of Spencer Street and Stanley Street, on the northern side of Stanley Street, within one of Melbourne s most dynamic and active development precincts. Nearby proposed developments and those under construction include the Trennery Property Group's mixed-use development on the corner of Dudley Street, Rosslyn Street and Adderley Street which includes 377 apartments and 92 serviced apartments with a development value of $300 million. The proposed Festival Hall development value of $65 million includes 179 apartments and 1,400 sqm approx. of mixed-use commercial space. The development at 137-157 Adderley Street, West Melbourne includes 112 apartments.
The area is well serviced by public transport with the new North Melbourne Station in close proximity and buses running along Spencer Street, Dudley Street and King Street.