The floors are being offered with vacant possession, either separately or together, providing a total lettable area of 1,676 square metres (799sqm for Level 7 877sqm for Level 8).
“Rapidly rising rents, low vacancy rates and low interest rates have driven owner-occupier and investor interest in strata office opportunities in 2019, particularly amongst small to medium businesses seeking to control their leasing expenses and build ownership wealth,” Mr White said.
The 474 Flinders Street floors include a rare 9B education certificate, full length windows to three sides providing views of the Yarra River, as well as an abundance of natural light from floor to ceiling windows.
The building is well serviced by public transport, including the Flinders Street and Southern Cross train stations, and benefits from its location in the western core of the Melbourne CBD, which is undergoing a major transformation, underpinned by mixed-use developments such as Cbus Property’s Collins Arch and Mirvac’s Olderfleet project.
Mr Mufale noted that rising demand from education and co-working occupiers had contributed to the Melbourne CBD recording its tightest vacancy rate in close to a decade at 3.3%, which was spurring interest in strata office opportunities.
“This is the largest combination of strata office floors to hit the market in 2019 and will be perfectly suited to major education groups, office occupiers or investors looking to subdivide the space into smaller suites, subject to the relevant planning approvals,” Mr Mufale said.
The offering will be sold by Expressions of Interest closing in October 2019.
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