A new era in strata offices is set to dawn on the Melbourne CBD with the launch of Hampton Projects’ state-of-the-art workplace, Bastion.
Situated in the heart of Melbourne’s sophisticated midtown, Bastion at 563 Little Lonsdale Street, offers 24 levels of luxurious whole floor offices with club-style amenities in the sought after Legal and Flagstaff Precincts.
“We designed a building we wanted to work in,” said Hampton Projects founding Director’s Matthew Gazzard and David Smythe.
Hampton Projects has appointed Colliers’ Anthony Kirwan, George Davies, Alexander Leggo and Oliver Hay to sell down the building with whole floor office titles ranging from 87sqm-272sqm.
“Bastion presents a rare opportunity to purchase an exclusive, whole floor strata office in one of the city's most stylish neighbourhoods,” Mr Kirwan said.
“The immediate area has become a luxury destination for world-class dining and entertainment, sought after by legal firms and discerning businesses seeking boutique office space with unrivalled amenity.
Created in collaboration with renowned DKO Architecture, Bastion has been designed to strike a balance between its prime corner location, heritage warehouse-style façade and a striking glass tower.
“The visionary design represents the businesses that will occupy it – innovative, premium and destined for great things,” Mr Hay said. “Each workspace is flooded with natural light and has flexible and efficient floor plates that can be partitioned or tailored to a company’s individual needs.”
“There have only been two purpose built, single use strata office buildings delivered in the Melbourne CBD over the past 20 years, being ‘2Q Tower’ delivered in 2007 by Macquarie Bank and ’41 X' delivered in 2014 by The Australian Institute of Architects,” Mr Kirwan said. “Capital values in both buildings have now more than doubled.”
Each floorplate at Bastion benefits from three sides of natural light and will be serviced by a ground floor café, secure bicycle storage, club-style luxury end-of-trip facilities and an exclusive rooftop terrace.
The building offers direct access to Flagstaff Gardens, is located 200m from Flagstaff Train Station and 350m from Southern Cross Train Station.
“There are only six strata titled buildings in the legal precinct which provide whole floor offices, all of which were constructed before the mid-1990’s and don’t provide amenities such as end of trip facilities or an activated rooftop for staff and tenants to enjoy,” Mr Kirwan said.
“Given this lack of supply in conjunction with the record low interest rate environment and design and build quality of Bastion, we believe this project represents an outstanding opportunity for Owner Occupier and Investors, alike”.
Hampton Projects are commencing the sales campaign this week through Colliers with a targeted completion date of 2022.