20 Meyers Place, Melbourne, Vic 3000

Rare Melbourne CBD Paris End Retail Freehold

Cushman & Wakefield City Sales are pleased to present a superb opportunity to acquire a trophy retail freehold in the exclusive Paris East End of the Melbourne CBD, the most exciting hospitality hotspot in Australia.

Exclusive and tightly held Melbourne CBD ‘Paris’ East End location, surrounded by luxury retailers, Australia’s best hospitality offerings, premium office, hotel and residential towers.

Meyers Place is set for a once in a lifetime evolution and is transforming into a national drawcard, following recent major acquisitions by Merivale Group at 12-18 Meyers Place and the City of Melbourne owned car park, 34-60 Little Collins Street.

A timeless two-level retail freehold spanning 175sqm* that has been a cornerstone of Melbourne’s dining culture for over 80 years.

100% leased to two longstanding Melbourne hospitality institutions, ‘Bar Carlo’ and ‘The Waiters Restaurant’, providing a strong estimated current net income of $152,600* + GST + outgoings p.a.

Flexibility to acquire the asset as a passive trophy investment with scope to owner occupy the property, meters from Parliament Train Station and various tram routes.

Situated in heart of Australia’s premier hospitality precinct, adjoining newly opened ‘Maison Batard’ (Lucas Group) and within a 500m radius include Grossi Florentino, Siglo, Bar Lourina, The Imperial Hotel and Le Meriden Hotel.

Significant 7-day foot traffic location underpinned by office workers, tourists, Spring Street residential occupants, multiple surrounding theatres, and hotels including the Sheraton Hotel, The Hotel Windsor, Sofitel, Le Meridien and more.

Favourable Capital City 1 Zoning, providing a variety of value-add, repositioning or redevelopment opportunities (STCA).

Offered for the first time in over 32 years, this is an unmissable opportunity to secure a slice of history. A proven, world-class location surrounded by the very best Melbourne has to offer.

*Approximate
STCA – Subject to Council Approval

For more information or to arrange a private viewing, please contact Cushman & Wakefield City Sales as the exclusive selling agent.

Oliver Hay
+61 419 528 540

Anthony Kirwan
+61 431 952 430

George Davies
+61 421 799 489