The Melbourne ‘Trifecta’ portfolio expected to attract interest in excess of $20 million11 October 2022
Three properties in prime city fringe and Melbourne CBD locations, known as the Trifecta portfolio, has just hit the market with expectations to reach a combined sales value around $20 million.
Located in Melbourne’s CBD, East Melbourne and Abbotsford, the properties are up for grabs individually or in one line. Colliers agents Daniel Wolman, Oliver Hay, Alexander Leggo, Anthony Kirwan and George Davies, have been exclusively appointed.
Colliers’ Head of Investment Services, Daniel Wolman, said there is a shortage of quality stock on the market for freehold assets in the CBD and City Fringe, particularly in highly accessible premium locations that benefit from lifestyle amenities.
“Given the shortage of stock we’ve experienced this year, the weight of demand has built up for prime assets at attractive price points, based on enquiries and the interest for properties that sold in the city fringe within the same price bracket in September,” said Mr Wolman.
The properties included in the portfolio are:
- 146-152 Victoria Parade, East Melbourne, 3002
- 14-16 Anthony Street, Melbourne, 3000
- 231 Victoria Street, Abbotsford, 3067
Buyers will be drawn to Anthony Street, arguably an entry-level price point for a freehold CBD asset, while Victoria Street’s and Victoria Parade’s boast CBD gateway locations and also benefit from some of Australia’s leading business and lifestyle amenities, making them particularly attractive.
“We expect interest for the assets to be from a range of different buyer profiles, particularly groups currently seeking assets that offer flexibility with an opportunity to add value through refurbishment or re-positioning,” said Alexander Leggo, Colliers’ Melbourne City Sales Executive.
The Hoddle Street and Punt Road corridor is a critical north-south link to the east of the city, with 330,000 people travelling along and across it daily, making it one of Melbourne’s busiest arterial road.
“Aside from being unique high-exposure assets, we anticipate the city fringe properties will particularly attract owner occupiers as they support the trend of privately owned businesses’ desire to de-centralise from the CBD to work closer to home,” said Mr Leggo.
The three properties are for sale via boardroom auction at 2pm on Friday, 11th November 2022, at Colliers HQ, level 30, 367 Collins Street, Melbourne.