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.
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