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Prominent Bourke Street Building Expected to Fetch $17 Million

A WEEK after music promoter Michael Coppel reaped $15 million from the sale of an under-utilised commercial building at a prominent CBD intersection opposite the State Library of Victoria – and even higher profile “corner site” has hit the market. The distinctive 1960s Bradman’s Handbags and Travel Goods building, at the north-west corner of Bourke and Swanston streets is expected to sell for about $17 million. On land of 134 square metres, the four-level building, which is part of the Bourke Street Mall, cannot be demolished, but can be reconfigured, and possibly extended, by a new buyer, sources say.

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  1. Michael Coppel to Sell Office at Prominent Melbourne CBD Corner MUSIC promoter Michael Coppel is offloading a low-rise office building with redevelopment potential at one of the CBD’s busiest intersections. Mr Coppel can expect...
  2. RAIA to Start Construction of Melbourne CBD’s Next Office Building CONSTRUCTION of the city’s next major office tower will start in February, after seven, strata titled levels of a proposed buidling sold “off-the-plan” to...
  3. Chapel Street’s Conways Building Sells for $12.8 Million CHAPEL Street’s historic Conways Building sold at auction on Thursday for $12.8 million. On a 1000 square metre site, the 2372 square metre Prahran...
  4. Upmarket Furniture Retailer Quits Collins Street’s Georges Building Upmarket furniture and homeware retailer Radstock + Kendall will vacate its prominent retail space at the Georges building at 162 Collins Street, and lease...

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