Wales Corner Office For Sale

Located on the twelve floor of the Wales Corner Building, this suite of 120m2 occupies the prime position on the floor.

Constructed in 1964-66 to a design by Stephenson & Turner, Wales Corner has a clear association with the postwar building boom which transformed central Melbourne into a modern high-rise city. The design of these commercial buildings from the late 1950s to the mid-1970s – many of which were architect designed – was driven by the commercial demands and the prestige afforded by a dominant city presence (Criterion A).

Wales Corner is a fine and highly intact representative example of a Post-War Modernist commercial building. The building strongly reflects the style which was popular in the 1960s to the mid 1970s, particularly in central Melbourne. Constructed as a 16-storey building on a prominent corner in Collins Street, Wales Corner clearly demonstrates typical characteristics of a 1960s to mid 1970s structure,

An overholding lease is in place with a gross rental of $50,470 per annum ($420m2pa gross). There are no further options to renew the lease providing an opportunity for an investor to reposition the rent to market or for an owner occupier to take advantage of a GST free purchase (going concern).