Historic commercial Melbourne building listed for auction

Historic commercial Melbourne building listed for auction
Historic commercial Melbourne building listed for auction

A historic building on Melbourne's Queen Street has been listed for auction.  

Located at 375 Queen Street, the property was built in 1860 and was occupied earlier by the Bank of NSW.

It last changed hands for $1,840,000 in 2013, according to Corelogic RP Data. It is expected to fetch under $3 million.

The building was in the news in 2009 when the council shut down the Rajah Sahib Tavern restaurant which was occupying the site, Fairfax Media reported.

Rajah Sahib Tavern was controlled by immigration agent Larry Mendonca. In 2013, his former girlfriend and landlord of 375 Queen Street – the property for sale – was trying to evict Mendonca from using office space in the building.

Prior to that, rock singers Mick Jagger and Elton John visited the building when another restaurant was being run on the premises.

The building features a façade with a dual street frontage of 20 metres.

The property has direct access to the Melbourne CBD and is close to Flagstaff Gardens and public transport.

The double storey, corner building is currently vacant and is ideal as an office headquarters, hospitality or luxury residence, according to its description.

It is set to benefit from the $250 million renewal of the QVM opposite the property.

The property will be auctioned on September 13 and is being offered through Colliers International agents Oliver Hay, Daniel Wolman and David Sia and Knight Frank agents George Burbury and Andrew Hansen.

Tags: 
Melbourne Commercial Property

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