50 Franklin Street has $50 million hopes after owners band together
Staff reporterSeptember 21, 2016
A 19-level office building on the doorstep of RMIT University in the Melbourne CBD is expected to fetch $50 million.
Colliers International, in conjunction with Charles Vraca of Melcorp, have been appointed to sell 50 Franklin Street on behalf of a consortium of 12 private investors.
The 19-level, 10,900sqm building with basement car parking will be offered with vacant possession following the departure of Salmat.
Situated on a 2213sqm site, the property's prior tenants included Qantas.
The building has sought after 9B certification, enabling it to be leased to education tenants.
It is already strata subdivided as 18 office floors with basement parking registered on separate titles.
