FOR SALE. Two of Melbourne CBD s finest mixed use freehold buildings 18 LEVEL BUILDING WITH HOTEL, CARPARK AND GROUND FLOOR RETAIL

Transcription

1 FOR SALE Two of Melbourne CBD s finest mixed use freehold buildings 18 LEVEL BUILDING WITH HOTEL, CARPARK AND GROUND FLOOR RETAIL ICONIC RETAIL CORNER FREEHOLD WITH ACCOMPANYING 9 LEVEL OFFICE BUILDING Offered individually or together via International Expressions of Interest closing Friday 27 October 2017 at 2.00pm (AEDT)

2 THE EAST END Melbourne s East End typifies Melburnian culture. From elite commercial activity, high-end residential living, international luxury retailers, ideally located hotel accommodation, world-class restaurants and vibrant cafés and bars. The East End offers all the amenity that shapes Melbourne as a world s leading international city. A PERFECT BALANCE OF MELBOURNE S FINEST DINING EXPERIENCES AND HIGH-END RETAIL Flinders Street is central to Melbourne s identity. Flanked by Flinders Street Station and Federation Square, it is the city s meeting place, the pivot point from where this great city s urban life is played out. WORLD CLASS LUXURY BRANDS HOSTING WORLD CLASS SPORTING EVENTS A TRULY CONNECTED PRECINCT MELBOURNE S CULTURAL HEART A SELECTION OF INTERNATIONAL CULINARY EXCELLENCE

3 THE MELBOURNE CBD Melbourne consistently ranks at the top of all global measures for population growth, economic activity, tourism, liveability and a range of retail and hospitality metrics Melbourne is Australia s fastest growing city and is expected to grow from 4.5 to 8 million people by The central city area is expected to shoulder a great deal of this growth and demand MELBOURNE POPULATION GROWTH POPULATION GROWTH IN % 80% 60% 40% 20% HOTEL OCCUPANCY RATES Hotel occupancy rate in the Melbourne CBD rose to 85.2% in the year ending 2016, well ahead of the national average of 78% High volumes of tourism driving Melbourne CBD retail growth 2.6M international visitors in 2016, which is a 12.8% increase from ,000 CHINESE VISITORS TO VICTORIA (2015) $6,500 AVERAGE SPEND PER TRIP 30% OF PURCHASES BY CHINESE TOURISTS ARE ON PRODUCTS TO TAKE HOME MAJOR EVENTS BOOST VICTORIA S ECONOMY ANNUALLY BY $1.8 Billion 965,100 PEOPLE VISIT AUSTRALIA ANNUALLY TO ATTEND EVENTS 45% OF THOSE WERE VISITING VICTORIA MELBOURNE WHITE COLLAR EMPLOYMENT FORECAST CBD office vacancy has fallen to a very tight 6.5% with the Eastern Core showing the lowest level of available supply MELBOURNE CBD OFFICE VACANCY RATES SOURCES: AUSTRALIAN BUREAU OF STATISTICS, CBRE RESEARCH

4 A landmark Melbourne CBD corner holding comprising a nine (9) level office tower and the recently upgraded multilevel Duke of Wellington hospitality venue Situated on a strategic triple fronted land holding with frontages to Russell and Flinders Streets as well as major exposure to highly popular Oliver Lane dining precinct Hospitality venue 100% leased to Australia s largest food and beverage hotel operator Dixon Hospitality, with substantial capacity for 1150 patrons and 3am liquor licence UP-SCALE DINING AND A BUSTLING GROUND FLOOR HOTEL Office tower provides dedicated foyer access with each level being serviced by two (2) elevators and comprising exclusive amenities Premium self-contained whole office floors, high ceilings and natural light from three sides, catering for major rental uplift as well as strata office or residential conversion (STPA) LIGHT FILLED OFFICE SPACES WITH VAST AND FLEXIBLE FLOOR PLATES

5 An 18 level freehold Melbourne CBD mixed use building comprising hotel, prime ground floor retail and major car park 18 level hotel 100% leased to international operator Toga Far East Hotels (currently trading as Adina) until 2021 with no further options Includes conferencing facilities and 65 oversized rooms, providing opportunity for future reconfiguration or residential conversion (STPA) Ground floor retail includes recently refurbished IGA supermarket and laneway hospitality venue Eau de Vie SOPHISTICATED LOBBY ENTRANCE Highly strategic and flexible East End landholding with multiple access points allowing for direct access to Flinders Lane and Duckboard Place EXPANSIVE 2 AND 3 BEDROOM APARTMENTS HIGH EXPOSURE GROUND FLOOR RETAIL Additional rear warehouse component ideal for refurbishment or complete redevelopment (STPA)

6 THE MOST COVETED CBD BLOCK IN THE WORLD S MOST LIVEABLE CITY MELBOURNE SPORTING PRECINCT 8 EXHIBITION STREET SOFITEL HOTEL COLLINS PLACE 11 EXHIBITION STREET 41 EXHIBITION STREET 101 COLLINS STREET FLINDERS LANE DINING PRECINCT 120 COLLINS STREET OLIVER LANE DINING GRAND HYATT HOTEL COLLINS STREET LUXURY RETAIL QV MELBOURNE 161 COLLINS STREET FEDERATION SQUARE AND NGV AUSTRALIA FORUM THEATRE RUSSELL STREET FLINDERS STREET EXHIBITION STREET/ BATMAN AVENUE/ CITYLINK *OUTLINE INDICATIVE ONLY OFFICE BUILDINGS HOTELS LANDMARKS $100M Invested to upgrade Flinders Street Train Station 24.64M Average annual Flinders Street Station patronage $11.03B Investment into Melbourne Metro Tunnel upgrade RETAIL & HOSPITALITY

7 EASTENDSELECTION.COM.AU RUSSELL ST LT COLLIN ST EXHIBITION ST COLLINS STREET LUXURY RETAIL PARLIAMENT SPRING ST TREASURY GARDENS MELBOURNE TOWN HALL COLLINS ST FLINDERS LANE DINING PRECINCT MALTHOUSE LN SWANSTON ST OLIVER LN EAST MELBOURNE FLINDERS LN CBD SOUTH FORUM THEATRE FLINDERS ST 2 Russell Street 88 Flinders Street BATMAN AVE FLINDERS STREET YARRA RIVER MELBOURNE SPORTING PRECINCT ROYAL BOTANIC GARDENS SIDNEY MYER MUSIC BOWL OFFERED IN INDIVIDUALLY OR TOGETHER VIA INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING FRIDAY 27 OCTOBER 2017 AT 2.00PM (AEDT) FOR FURTHER INFORMATION PLEASE CONTACT THE EXCLUSIVE SALES AND MARKETING AGENTS SCOTT CALLOW scott.callow@cbre.com.au ROB CROSS rob.cross@cbre.com.au JOSH RUTMAN josh.rutman@cbre.com.au KIRAN PILLAI kiran.pillai@cbre.com.au MARK WIZEL mark.wizel@cbre.com.au LEWIS TONG lewis.tong@cbre.com.au *Approximately. The information in this document is general in nature and is a guide only. It does not take into account your individual circumstances. Before acting you should check the accuracy of the information and seek your own independent financial and legal advice. The information must not be relied upon to make any investment decisions. The principal and its agent will not be liable for your failure to verify the information or seek appropriate advice.