The 15-level building occupies a prime position in the heart of the financial precinct and comprises 17,400 sqm of net lettable area on a substantial 1,900 sqm dual-frontage landholding with exposure to both Collins and Little Collins streets. The property is currently 90 per cent occupied, generating a passing net income of $7.9 million, with the potential to exceed $9.1 million upon full lease-up.
Following a major lobby refurbishment in 2020, the asset has established itself as a high-performing small-suite building in the heart of the financial precinct.
The property is being offered via an international expressions of interest campaign closing 29 April, led by Cushman & Wakefield’s Leigh Melbourne and Nick Rathgeber, who say the timing coincides with a clear inflection point in Melbourne’s office cycle.
Leigh Melbourne said investor engagement had strengthened materially in recent months.
“We are now consistently receiving more than 10 bids for centrally located Melbourne CBD office buildings, as experienced investors position themselves ahead of the rental growth expected as the market approaches a looming supply cliff.
“In 2025, the majority of Melbourne CBD leasing transactions were for suites under 500 sqm, with Collins Street and the Western Core continuing to outperform the broader market.
“Collins Street properties have a long track record of outperforming from both a leasing and investment perspective. For that reason, they are consistently tightly held and difficult to secure. We expect this property will appeal to investment managers, family offices and counter-cyclical investors seeking exposure to Collins Street at a reset basis.”
“The breadth of those transactions and the pricing evidence they have created is now providing offshore investors with the confidence to re-enter the market selectively, with a natural preference for prime Collins Street opportunities.”
