NEWS

Rare Melbourne CBD laneway up for grabs in one-off property listing

Colliers International to sell unique slice of city’s famous laneway culture

A rare opportunity for a savvy investor, occupier or developer to acquire their own slice of Melbourne’s famous laneway culture is up for grabs in an unprecedented CBD property listing.

Colliers International’s Chris Ling, Oliver Hay and David Sia have been appointed to sell a 59sqm laneway connecting Niagara Lane and Hardware Lane in the fastest growing precinct in the Melbourne CBD.

“This is a genuinely rare opportunity to acquire a unique CBD laneway within Melbourne’s most sought after, high density development precincts,” Mr Ling said.

“It is an incredibly unique offering – a privately owned piece of Melbourne’s renowned laneway culture that has the potential to be the setting for the city’s next iconic hospitality hot spot.

“Being zoned Capital City Zone 1, it could also be utilised for retail, office or residential purposes, subject to the relevant council approvals."

Mr Ling said the unique laneway property was located in one of the fastest growing pockets of the Melbourne CBD, neighbouring the popular Hardware Lane and strategically positioned to benefit from rapidly increasing levels of foot traffic.

The property is situated within easy reach of Elizabeth Street, Little Bourke Street and Lonsdale Streets, in close proximity to Melbourne Central, RMIT and the Queen Victoria Market Renewal Precinct.

“The growing student population and extensive high rise development and urban renewal in the immediate area will mean the property benefits from a steady stream of pedestrian traffic,” Mr Ling said. “The site is also well serviced by public transport, with Melbourne Central Train Station and major tram routes along Elizabeth Street within easy walking distance.

“This is a one-off opportunity to acquire a unique piece of CBD land with endless potential. It is hard to know when another occasion will arise to snap up your own Melbourne laneway."

Agents expect interest from a wide range of buyers – investors, occupiers and developers alike – in excess of $600,000.

The property is for sale by International Expressions of Interest closing Tuesday May 29 at midday.

Niagara Lane Melbourne City Sales CBD property for sale real estate laneway Colliers International

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