Nameless Melbourne CBD lane sold with future use a mystery

An unnamed 59 square metre lane in the Melbourne CBD had been sold for $600,000.

Its recent offering attracted interest from more than 100 potential buyers, the Herald Sun reported.

The unnamed lane runs off another laneway between Little Bourke and Lonsdale Streets.

Its future remains a mystery.

It was speculated during its selling campaign that the rare 59 square metre piece of CBD land could be transformed into a retail space, car parking, or a staple of Melbourne’s colourful lanes: a trendy, hard-to-find bar.

The property is zoned Capital City Zone 1 (CCZ1) allowing for a variety of uses including retail/hospitality, office and residential in a high foot traffic precinct.

Peter Lechte’s family had owned the laneway for 70 years until its sale through Colliers International Victoria selling agent Chris Ling.

The rare offering, that sits just off Niagara Lane, sold two weeks before its expressions of interest campaign was due to close.

The property had belonged to the Lechtes since 1948, when Alan Lechte bought it along with the nearby St Francis Hotel and several warehouses.