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142-146 Leicester St 5,920 SF 100% Leased Office Building Carlton, VIC 3053 For Sale
Investment Highlights
- Situated on a 280 sqm Capital City Zoned landholding allowing for high-density development potential (STCA).
- Located 300 meters from the future Parkville Train Station and close to University of Melbourne and Melbourne’s Hospital Precinct.
- Dual street frontages to Leicester Street and Leicester Place for improved accessibility and design flexibility.
- Within walking distance to exceptional lifestyle amenities such as Lygon Street dining, Queen Victoria Market, and Carlton Gardens.
Executive Summary
142-146 Leicester Street offers a premium opportunity to acquire a fully leased freestanding asset with strong income and long-term development upside in one of Melbourne’s most dynamic city fringe precincts. Occupying a 280 sqm* landholding within the Capital City Zone, this two-level commercial building spans approximately 550 sqm* and benefits from dual street frontages to Leicester Street and Leicester Place.
Generating annual rental income of approximately $330,000 plus outgoings and GST, the property is leased until 30 September 2026, with two additional six-month options. This structured short-to-medium term cash flow provides investors with income stability while preserving flexibility for redevelopment or future occupation. Located just 300 meters from the highly anticipated Parkville Train Station and steps from the University of Melbourne, the property enjoys exceptional connectivity to the Melbourne CBD and sits at the heart of a rapidly evolving section of Carlton, marked by major infrastructure improvements, new residential projects, and growing institutional investment.
Surrounded by world-class amenity including Lygon Street restaurants, Queen Victoria Market, Melbourne Central, and renowned garden squares, this holding’s location offers enduring demand fundamentals and long-term value creation potential for buyers seeking a versatile city edge asset.
Generating annual rental income of approximately $330,000 plus outgoings and GST, the property is leased until 30 September 2026, with two additional six-month options. This structured short-to-medium term cash flow provides investors with income stability while preserving flexibility for redevelopment or future occupation. Located just 300 meters from the highly anticipated Parkville Train Station and steps from the University of Melbourne, the property enjoys exceptional connectivity to the Melbourne CBD and sits at the heart of a rapidly evolving section of Carlton, marked by major infrastructure improvements, new residential projects, and growing institutional investment.
Surrounded by world-class amenity including Lygon Street restaurants, Queen Victoria Market, Melbourne Central, and renowned garden squares, this holding’s location offers enduring demand fundamentals and long-term value creation potential for buyers seeking a versatile city edge asset.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,920 SF
Building Class
B
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,960 SF
Building FAR
2.79
Lot Size
0.05 AC
Amenities
- Signage
Contacts
-
Ryan Milivojac -
Matthew Stagg -
Philip Heberling -
Colliers International Melbourne
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142-146 Leicester St
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