Strata opportunities in historic Melbourne CBD rag-trade building: Two large and very flexible office floors in Manchester House have been listed at a time when supply of CBD strata properties has been limited.
The floors are rare and pre-eminent examples of the many rag-trade warehouses that dominated the area in the first half of the 20th century, with high ceilings, expansive Crittall windows and exposed brick walls which have undergone conversion to offices. They are being sold together with a Manchester Lane retail unit.
Manchester House, at 234 Flinders Lane and positioned on the corner of Manchester Lane, was constructed through 1911 and 1912 to a design by architects Bates Peebles and Smart, and marked the entry of the old Adelaide clothing manufacturers, G & R Wills and Company into Melbourne.
The floors, of approximately 630sqm each and the retail unit of approximately 35sqm, are being offered by Fitzroys agents Peter Weatherby, Rob Harrington and Alex Shum individually or in one line via Expressions of Interest closing Wednesday, November 28 at 2pm on behalf of a private investor.
Weatherby said the offering provides owner occupiers and investors a rare opportunity to purchase assets in the heart of this creative precinct which includes Degraves Street, Centre Place and Manchester Lane.
The property benefits from a sought-after Class 9b educational certificate enabling use by universities and colleges, many of which are already located in the locality including Victoria University, Centre for Adult Education, Box Hill Institute, Charles Darwin University and Monash College.
Fruit and Vegetable Market attracts juicy investment: Singapore-listed Frasers Property has acquired a 63.4-hectare development site in Epping for $40 million, and will develop a new $250 million industrial estate with up to 250,000sqm of built form following the property’s rezoning.
The 410 Cooper Street site is close to the new Melbourne Wholesale Fruit and Vegetable Market and abuts the Hume Freeway between two full diamond interchanges. Occupiers nearby include Coles, Visy, Chemist Warehouse, Mission Foods, Mainfreight, Linfox and Toll.
Disclosure: The weekly Fitzroys Property Wrap is for information only on transactions in the Melbourne property market. Fitzroys provides this information as a public service. We are not purporting that all sales and leases within this report were transacted by Fitzroys.