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Colliers and Gross Waddell ICR are privileged to present one of Carlton’s finest freestanding investment offerings. 138-144 Elgin Street, Carlton is offered For Sale by Expressions of Interest closing Thursday 20 November 2025 at 2pm (AEDT).
This offering – over a century in the making – brings one of Carlton’s best investment opportunities to market for the next chapter in its stewardship.
Comprising a Maggie Edmond designed three-level building that retains its heritage persona, the 1,390sqm* building sits on a dual-fronted landholding of 520sqm* that is enhanced by a 20m* frontage to Elgin Street. The property is occupied by two tenants – a boutique retail grocer and a short-stay accommodation provider – providing a diverse income profile featuring occupiers in two high-performing sectors.
- Annual income of $494,845 (excluding outgoings & GST)
- 520sqm* dual fronted landholding
- 1,390sqm* three-level building designed by renowned architect Maggie Edmond
- Permit-approved for additional level offering value-add future possibilities
- Tightly held city fringe location with world class lifestyle, retail and hospitality amenity
- Close proximity to University of Melbourne and student accommodation offerings from Scape and UniLodge.
- Nearby public transport offerings include the Swanston Street/Lygon Street tram route and bus routes along Rathdowne Street
Carlton has long been synonymous with AAA retail & hospitality offerings, a host of education institutions and accommodation offerings, as well as medical clinics and ancillary operations.
138-144 Elgin Street, Carlton is iconic & steeped in history, fully leased & providing nearly half a million dollars a year of income, and positioned for future improvement & upside – an offering that ticks all the boxes.
Remember to mention you found this property on CommercialReady
Colliers and Gross Waddell ICR are privileged to present one of Carlton’s finest freestanding investment offerings. 138-144 Elgin Street, Carlton is offered For Sale by Expressions of Interest closing Thursday 20 November 2025 at 2pm (AEDT).
This offering – over a century in the making – brings one of Carlton’s best investment opportunities to market for the next chapter in its stewardship.
Comprising a Maggie Edmond designed three-level building that retains its heritage persona, the 1,390sqm* building sits on a dual-fronted landholding of 520sqm* that is enhanced by a 20m* frontage to Elgin Street. The property is occupied by two tenants – a boutique retail grocer and a short-stay accommodation provider – providing a diverse income profile featuring occupiers in two high-performing sectors.
- Annual income of $494,845 (excluding outgoings & GST)
- 520sqm* dual fronted landholding
- 1,390sqm* three-level building designed by renowned architect Maggie Edmond
- Permit-approved for additional level offering value-add future possibilities
- Tightly held city fringe location with world class lifestyle, retail and hospitality amenity
- Close proximity to University of Melbourne and student accommodation offerings from Scape and UniLodge.
- Nearby public transport offerings include the Swanston Street/Lygon Street tram route and bus routes along Rathdowne Street
Carlton has long been synonymous with AAA retail & hospitality offerings, a host of education institutions and accommodation offerings, as well as medical clinics and ancillary operations.
138-144 Elgin Street, Carlton is iconic & steeped in history, fully leased & providing nearly half a million dollars a year of income, and positioned for future improvement & upside – an offering that ticks all the boxes.
Remember to mention you found this property on CommercialReady
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