264-266 Russell Street, Melbourne, Vic 3000

Stonebridge Property Group is pleased to present 266 Russell Street, Melbourne, offered for sale via Public On-site Auction.

266 Russell Street is a 100% fully leased freehold Melbourne CBD investment.

Key highlights of the property include:

- 100% leased to a well-regarded Malaysian restaurant, Hor Kitchen, boasting a 4.6-star Google rating (177 reviews)

- Fully leased until September 2028 with 4% fixed annual increases, plus one 5-year option

- Providing annual income of $176,800* plus GST + outgoings

- The property is a 2-level freehold building comprising a substantial retail fit-out on both levels and suited for dine-in or take-away

- Prominent 6.1 m* frontage to Russell Street plus rear access via Hayward Lane

- Opposite QV Melbourne, the leading shopping dining and entertainment destination with 120 active retailers, including Coles, Woolworths, BIG W, Harvey Norman, Officeworks, and more

- Within walking distance to major landmarks: the State Library Victoria (150 m*), which attracts more than 2 million visitors annually, RMIT University (250 m*), Chinatown (275 m*) and Melbourne Central (400 m*)

- Tourist visitors within Melbourne's CBD is a growing market, with more than 3.7 million visitors in 2023, and is projected to welcome more than 18 million visitors by 2028**

 - Easily accessible to all modes of public transport bottlenecking foot-traffic to the property’s façade – a major advantage for tenant trade

 - Favourable Capital City Zone 1 (CC1Z) caters to a wide range of buyers, including investors, occupiers and land bankers

266 Russell Street, Melbourne is for sale via Public On-site Auction Thursday 27th February 2025 at 12:30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Chao Zhang 张超
0411 625 068

*Approximately

** Source: State Government of Victoria & City of Melbourne

Property Code: 1143