The city’s Siricco House of Leather store – a block east of Bourke Street Mall – is for sale with vacant possession.
The 549 square metre double storey property is one of three retail tenancies within the Mansion on Bourke complex, with 63 apartments until recently leased to Quest.
Prior to the building’s construction, the site accommodated the Empire Theatre.
“151 Bourke St, Melbourne presents a blank canvas, multi-level retail activation opportunity with the potential for a variety of value-add scenarios including hospitality, retail, medical and office,” Colliers’ Daniel Wolman, who is marketing the asset with Anthony Kirwan, George Davies and Leon Ma, said.
“Properties of this nature seldom come available and will allow any prospective purchaser the ability to brand their own trademark within Melbourne,” he added.
The store faces Bourke Street, Coromandel Place and a walkway between them.
“Many of the world’s largest fast food and convenience brands are positioned within a block radius…including McDonald’s, KFC, Hungry Jack’s and 7-Eleven,” according to Mr Kirwan (story continues below).
“This ground and basement asset is positioned in a location ideally suited for yet lacking the presence of a major supermarket chain, chemist, gym and/or convenience store”.
The agents are expecting a c$5 million result.
Elsewhere in the strip, Charter Hall and Abacus Property Group recently paid $270.4m for a two thirds stake in the multi-level Myer outlet.
Opposite that, Newmark Capital last May outlaid $121m last year for the outgoing David Jones menswear store.
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