Melbourne CBD building sold for $5.5 million: Fitzroys

Melbourne CBD building sold for $5.5 million: Fitzroys
Staff ReporterOctober 2, 2017

A standalone building in Melbourne’s CBD has changed hands for circa $5.5 million. 

The 422-428 Queen Street property is on a 236 sqm peninsula site and comprises a ground floor café and level one office space. It has an area of 550 sqm.

The price tag reflected a building rate of around $10,000 per sqm. 

The deal was brokered by Fitzroys’ Rob Harrington and Louis Christou of Christou & Co.

The agents said the site offered long-term investment and development potential, owing to its position opposite the iconic Queen Victoria Market and three street frontages, including to Franklin Street. 

Editor's Picks

Bradmill Quarter: Bringing community and amenity to life in Yarraville
Orchard Piper secures $20m record-breaking penthouse sale at One Toorak Place
UEM Sunrise kicks off registrations of interest at One Oval, new Subiaco apartment development
"One of the rarest finds on the Mornington Peninsula": Inside Hali Dromana
BLVD pursues WELL Certification as demand for healthy homes grows