5-Star NABERS office in Melbourne’s biomedical precinct for sale for first time in 21 years

570 Elizabeth Street

Eco properties on the market: A prime landholding of 711 square metres with dual frontage to Elizabeth Street and Berkeley Street in the Melbourne CBD is now on the market for the first time in 21 years, awarded 5-Star NABERS rating for its simplicity and abundant natural light, with an asking price of upwards of $14 million. 

570 Elizabeth Street has been owner-occupied by Diabetes Victoria since 2001, and the property consists of a two-storey retail showroom and office with a building area of 1258 square metres. 

Located in an ideal position in the heart of the biomedical and university precinct, the building benefits from its northern corridor locality where growth is underpinned by student accommodation, hotel, residential and commercial high-rise developments. 

Neighbouring owners and occupiers include leading biotech public company CSL, leading public health care provider Melbourne Health, Peter MacCallum Cancer Centre, The Royal Women’s Hospital and The Royal Children’s Hospital. 

The property’s Capital City Zoning and valuable naming rights offer flexibility and scope of development outcomes including life sciences, build-to-rent, hotel, student accommodation hotel, retail, residential, office, owner occupation or mixed-use development. 

It is located metres from public transport including the forthcoming Parkville Station and the $250 million Queen Victoria Market Redevelopment Project. 

The Colliers International Melbourne team is responsible for the listing, which is for Sale via international expressions of interest closing Tuesday 5 July at 12pm.

The Green List will from time to time profile eco properties on the market for sale or lease as part of our editorial coverage to help stimulate the market in commercial, industrial or residential properties. 

Send submissions to hello@thegreenlist.com.au 

If you would like to advertise a property please contact Adbul Khan on 0433 159 345 or send a note to abdul@thefifthestate.com.au

Eco property ads will be posted on both The Green List and The Fifth Estate.