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16 Corrs Lane 6,189 SF Retail Building Melbourne, VIC 3000 For Sale



Investment Highlights
- Positioned on Corrs Lane, a major pedestrian conduit linking Lonsdale Street hospitality strips.
- Surrounded by CBD workforce, residential density, and destination dining, ensuring robust trade and tenant appeal.
- Outstanding scope for high-yield hospitality, boutique retail, or creative studio operations.
Executive Summary
16-20 Corrs Lane offers a landmark freehold opportunity in the culturally significant and highly patronized Chinatown precinct of Melbourne’s CBD. Occupying an estimated 231 m² landholding with heritage controls, this two-storey property sits within an iconic laneway just meters from Lonsdale Street, benefiting from consistent pedestrian traffic and a strong hospitality-driven ecosystem.
The property currently features adaptable internal volumes suited to hospitality, specialty retail, or creative workplace concepts, whilst providing outstanding potential for a comprehensive repositioning or mixed-use redevelopment initiative (STCA). This laneway location, synonymous with Melbourne’s globally recognized dining and nightlife culture, positions the asset as a core proposition for investors targeting secure rental demand and rare value-add upside within the city’s most vibrant commercial hub.
Immediate surroundings include premium hotels, major office towers, residential apartments, and high-performing F&B operators, ensuring 24/7 activation and cross-segment trade. Proximity to public transport nodes, including Parliament Station and multiple tram corridors, further underpins connectivity advantages.
The property currently features adaptable internal volumes suited to hospitality, specialty retail, or creative workplace concepts, whilst providing outstanding potential for a comprehensive repositioning or mixed-use redevelopment initiative (STCA). This laneway location, synonymous with Melbourne’s globally recognized dining and nightlife culture, positions the asset as a core proposition for investors targeting secure rental demand and rare value-add upside within the city’s most vibrant commercial hub.
Immediate surroundings include premium hotels, major office towers, residential apartments, and high-performing F&B operators, ensuring 24/7 activation and cross-segment trade. Proximity to public transport nodes, including Parliament Station and multiple tram corridors, further underpins connectivity advantages.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
6,189 SF
Building Class
C
NOI
$117,941
Tenancy
Single
Building Height
3 Stories
Building FAR
2.49
Lot Size
0.06 AC
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Nearby Major Retailers
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16 Corrs Lane
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