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Corner Freehold Investment with Enormous Upside - #1
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For Sale

Expressions of Interest closing 31st Aug 2022 12
Colliers is pleased to present the opportunity to secure one of South Melbourne’s most prominent buildings, 16-20 Thistlethwaite Street, South Melbourne.

This stylish and refurbished three-storey office includes light filled expansive floor plates leading to an impressive West facing balcony on the top floor with CBD views. Offering accessibility with internal lift access, as is functional and convenient with modern kitchen facilities and bathroom amenities located on both upper levels. Ground level provides a sophisticated entrance foyer with internal access to secure off-street parking for twelve (12) vehicles.

16-20 Thistlethwaite Street, presents as an ideal investment with future development potential positioned within the evolving Fishermans Bend precinct, Australia's largest urban renewal project (STCA).

Key features include:

- Fully leased to longstanding, quality tenant – Think HQ, a integrated communications agency, working solely on projects that drive social good.

- Leased until December 2023 with 2x4 year options until 2031 benefiting from imminent rental upside at market review.

- Generating a total estimated net income of $227,637* + GST + Outgoings per annum with fixed 3.0% annual increases.

- An exemplary 3-level office building of 1,253sqm* (GFA) positioned on regular shaped, corner landholding of 417sqm* with combined frontages spanning over 41m*.

- Significant internal fit-out investments and improvements to support the growth of the tenant’s business.

- Inclusive of a modern fit-for-purpose recording studio.

- Flexible Capital City Schedule 1 Zoning supporting an array of future uses & the potential to create a development project of up to 18 levels (STCA).

- Secure undercover parking for up to twelve (12) vehicles accessible from Thistlethwaite Street.

- Evolving inner-city location, just moments from the Melbourne CBD, the world-famous South Melbourne Market, Port Melbourne Beach, Clarendon Street Retail, and Southbank Promenade.

- Direct access to the CBD via Montague Street and City Road & well-serviced by public transport networks.


For Sale by Expressions of Interest closing 12.00pm Wednesday 31 August 2022 (AEST)


To arrange an inspection or for more information please contact Colliers Melbourne City Sales team as the exclusive selling agents

Alexander Leggo | +61 432 053 747
Daniel Wolman | +61 412 957 839
Anthony Kirwan | +61 431 952 430

International Enquiries:
International and mandarin speaking investors are warmly invited to contact Colliers Asia services desk:
Leon Ma 马海翔 | +61 417 070 725

*Approx