Victorian home of Foxtel in biggest 2018 metro sale campaign to date

The Victorian home of Foxtel in Moonee Ponds has hit the market.

The campaign, being undertaken on behalf of owners Charter Hall, is the largest metropolitan office sales campaign so far in 2018.

Comprising 7,105 sqm of net lettable area across four levels, the commercial property at 1-21 Dean Street was purpose built for Foxtel in 2004. It has recently undergone a $1.5 million refurbishment.

It has basement car parking for 67 cars and a 176 bay, two level car park adjacent to the building.

Colliers International agents Peter Bremner, Trent Preece and John Marasco are handling the marketing in conjunction with CBRE’s Neva Courts, Luke Etherington and Josh Rutman,

“This is the largest metro office building to be offered to the market so far in 2018,” Peter Bremner said.

“It comes on the back of a third consecutive year of $1billion-plus sales in Melbourne’s metro office market and is sure to attract huge levels of interest locally, nationally and offshore from private investors, syndicates and institutions alike.”

Bremner said Foxtel staff love the location and surrounding amenity.

The property is situated around 6km north-west of the Melbourne CBD, adjacent to the south-west corner of the Moonee Valley Racecourse and in close proximity to the Puckle Street retail strip.

Trent Preece said the large 6,641sqm site offered two street frontages and Activity Centre zoning that would allow for a building height of 26 metres.

“There is potential for future residential development, or to build above the current multi-deck car park,” Preece said.

“The property, and any future development, will also benefit from its location just 100m from Moonee Valley Racecourse which is about to undergo a $2billion re-development over the next decade providing 2,000-plus apartments plus entertainment, mixed use and world famous racecourse hosting the Cox Plate.” 

Expressions of interest close May 16.