New tenants for Melbourne CBD’s Scottish House pumped for move

Pump and water treatment systems manufacturer AKS Industries has leased a level one office space Melbourne CBD’s historic Scottish House.

Stephen Land of Fitzroys negotiated the three-year deal for the 290 square metre space within the 90 William Street building, at $124,700 per annum gross on behalf of a private owner.

Land said the property’s high ceilings, ample natural light and William Street aspect was a drawcard for prospective tenants, as well as its location in an evolving part of the CBD.

“The large number of developments through the CBD’s western corridor has seen a growing range of tenants enquire for spaces in this part of the city, beyond the law firms seeking a place close to the legal precinct,” he said.

Scottish House is just metres from the dual-tower, office, hotel and residential Collins Arch development at 447 Collins Street, on the corner of William Street, as well as Mirvac’s Olderfleet project at 477 Collins Street, which will bring more than 52,000 square metres of new office space.

“Tenants were looking for an opportunity to take up a character space in the CBD, while being able to enjoy the increasing number of lifestyle and food and beverage offerings being delivered nearby in response to the booming worker population,” Land said.

The six-storey Scottish House building was designed for prominent shipping agents McIlwraith McEacharn Ltd in 1907, by architect Charles D’Ebro, and was their head office for more than 70 years.

The Heritage Council Victoria has deemed Scottish House as architecturally significant “as an office building that expresses both in style and structure the commercial values and status of a leading Australian company”.