Two Paris end of Collins Street office offerings
Two heritage-listed office buildings at the Paris end of Collins Street, Melbourne have been listed for sale through Savills agent Clinton Baxter.
At 10-12 Collins Street, the five storey Victor Horsley Chambers, dates back to 1924.
The Georgian Revival building offers retail and office space.
Next door at 14-16 Collins Street is the five storey 1912 Chanonry office building.
Victor Horsley Chambers traded at $900,000 in 1971.
Chanonry last traded for $300,000 in 1971.
Both buildings, owned by private investors, are in the same block as the Melbourne Club.
They both have redevelopment potential.
"This is the ultimate location for property ownership within Melbourne, quite possibly Australia, with most properties being exceedingly tightly-held and often owned for generations," said Savills' Clinton Baxter, who is handling the properties with colleague Nick Peden.
The offering of two neighbouring office buildings at the prestigious Paris end of Collins Street in Melbourne’s CBD, could fetch a combined $35 million or more.
All leases are subject to six month termination clauses, providing the successful purchasers with a range of options which may include refurbishment, repositioning, owner-occupation or total redevelopment of the properties
Offers close with Savills 28 May.
