Melbourne CBD building sold for $5.5 million: Fitzroys

Melbourne CBD building sold for $5.5 million: Fitzroys
Melbourne CBD building sold for $5.5 million: Fitzroys

A standalone Building in Melbourne’s CBD has changed hands for circa $5.5 million. 

The 422-428 Queen Street property is on a 236 sqm peninsula site and comprises a ground floor café and level one office space. It has an area of 550 sqm.

The price tag reflected a building rate of around $10,000 per sqm. 

The deal was brokered by Fitzroys’ Rob Harrington and Louis Christou of Christou & Co.

The agents said the site offered long-term investment and development potential, owing to its position opposite the iconic Queen Victoria Market and three street frontages, including to Franklin Street. 

Tags: 
Melbourne CBD Commercial Sale

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