Rothelowman lists Southbank HQ permit-ready for an 18-level apartment complex
Boutique architect firm Rothelowman is selling its Southbank headquarters as a residential development site.
On a valuable Capital City Centre zoned parcel at 153 Sturt Street, the property is being offered permit-ready for an 18-level complex containing 141 dwellings atop two levels of commercial space (pictured top and left).
It is currently configured as a three-level complex with ground floor retail and Rothelowman’s offices, above.
Colliers International’s Hamish Burgess, Trent Hobart and Craig Rowe are marketing the 1821 square metre holding via an expressions of interest campaign closing on October 25.
The brokers would not speculate on price but industry sources estimate it could sell for about $20 million.
The location, within Melbourne’s Arts Precinct, is walking distance to the CBD. It is also benefited with view security to the west, being opposite the intersection of Citylink and Power Street.
On Tuesday we reported that another architecture firm, Hayball, sold its nearby headquarters, at 135 Sturt Street, for a speculated price of about $30 million.
Also offered with a permit for an apartment complex – Colliers International was again the marketing agency.
On a 2885 sqm block, Hayball’s holding, which includes an adjoining site at 80 Dodds Street, was approved for an 18-level complex containing 206 dwellings.
