Melbourne, 30 September 2013- An opportunity has arisen to own one of Prahran’s most famous landmarks as the Prahran Post Office comes to the market.
Between the 1890s and 1930s Prahran built up a huge shopping centre, which by the 1920s had rivaled the Melbourne Central Business District.Prahran Town Hall was at the centre of the new precinct and was the original home of the post office.However a fire in 1914 substantially damaged the building and after a lengthy rebuilding, it was decided to move the post and telegraph office and post master’s residence into 168 Greville Street.
Now on one of Melbourne’s most sought after and well-known boutique shopping strips, the old Prahran Post Office is a combined retail and office building over three levels and comprising 1,890sqm.
This freestanding Prahran icon, circa 1928, has been completely rebuilt in a sensitive manner, retaining and incorporating the original post office façade.
Located just 6kms from Melbourne CBD and moments from Chapel Street and Prahran train station, the property is set on a high traffic corner location with double street frontage and substantial on-site parking.
Josh Rutman, Tom Tuxworth and Mark Wizel from CBRE’s City Sales team have been instructed to exclusively market the property.
“Potential buyers will not only be buying a high quality office and retail offering, but also a piece of Prahran history,” said Mr Tuxworth.
“Additionally the property is fully leased to multiple tenants including the renowned Italian restaurant Zucca Rossa. We expect interest to be at the $10 million level.”
For sale by Expressions of Interest closing 2pm Friday 25 October 2013.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.