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449-451 Elizabeth St 3,401 SF 100% Leased Retail Building Melbourne, VIC 3000 For Sale
Investment Highlights
- CBD landholding within the Capital City Zone
- Existing retail and residential tenants on short-term leases
- Permit approved for high-rise development (32 levels + ground floor)
- Positioned along Elizabeth Street’s established retail corridor
Executive Summary
449–451 Elizabeth Street, Melbourne VIC 3000 is offered for sale individually and comprises a CBD development site with existing income. The property is located within a Capital City Zone and forms part of an approved high-rise development scheme. The site includes existing buildings with retail and residential holding income on short-term leases. It benefits from a prominent Elizabeth Street position and approved planning for a multi-level development, allowing future redevelopment, repositioning, or continued income holding.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,401 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.06 AC
Frontage
29’ on Elizabeth Street
Amenities
- Air Conditioning
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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449-451 Elizabeth St
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