SALE

365 – 379 Smith Street is a generational investment opportunity that rarely comes to market.

Walk up and down Smith Street and you’ll see a succession of shops that reads like a who’s who list of Melbourne’s leading retail and lifestyle operators. There are multi storey mixed use residential developments with some of the highest prices in Melbourne as well as a mix of brand new office buildings, offering the traditional long term leasing opportunities or the less traditional coworking office spaces. There’s a reason why Smith Street is revered by so many.

What we are offering today – is a generational ‘set and forget’. One of the best sites, on one of the best Street’s Melbourne has to offer, with one of the best tenant’s Australia has to offer.

This is the Triple Threat! The trophy tenant, in the trophy property in the trophy location!

All you have to do, is sit back and let the asset do the hard work for you. Land and building/asset appreciation is inevitable… This is the type of asset you buy and your generations will forever be thankful.

The Land.

An exceedingly elusive and dominating three street frontage, near island site of 917m² located on one of Melbourne’s best retail strips – Smith Street boasting a 37.4 meter* frontage onto Smith Street, 24.46 meter* frontage onto Argyle Street & 37.26 meter* frontage onto Macrobertsons Lane.

The Building.

The brick building formed part of the famed MacRobertson Chocolate Factory, while the newer construction was completed in 2009. The ground floor was fully renovated in 2022 to the design and specification of Woolworths. The first and second floor have just been fully refurbished.

The Tenant.

Anchored by Australia’s leading drawcard tenant Woolworths, who occupy the majority of the asset (71% of total lettable area) being the entire ground floor, on a long term and secure lease with options until 2050.

The Details.

• Site 917m²*
• 4 meter* frontage onto Smith Street

• 24.46 meter* frontage onto Argyle Street
• 37.26 meter* frontage onto Macrobertsons Lane
  
  

Anchor Retail – ASX listed Woolworths Limited Group trading as Woolworth Smith Street

• Leased to ASX listed Woolworths Limited Group trading as Woolworth Smith Street
• 8 Year Lease from 27 August 2022 and options until 26 August 2050 – totalling 28 Years
• Building 784m^2* (71% of total lettable area)
  
  

Fully Renovated Office – Two storey Office space, with 2 year Rental Guarantee and approved extension permit

• 2 Year rent and outgoings Rental Guarantee
• Newer construction building completed in 2009
• Fully renovated and ready for occupation
• Building 327m^2*
• Approved plans to expand to a total of 776m^2*
  
  

We’re here to help you find the perfect deal so let’s talk.