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LIV building sale

LIV building sale

By LIV Media

A New Home 

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As our members know, the Law Institute of Victoria is selling its prominent CBD headquarters at 470 Bourke Street in Melbourne after occupying the high profile site for almost 40 years. The "For Sale" sign has gone up outside the building.

The building is on the market after the LIV conducted an examination of the long term needs of its members and how best to support the legal profession and the Victorian community.

The LIV has appointed Colliers International as the real estate agents to sell the building. The LIV is being advised on the sale by Charter Keck Cramer and Russell Kennedy Lawyers.

Colliers believes the building has outstanding redevelopment opportunities and is expected to achieve a sale price of more than $30 million (plus GST).

LIV Chief Executive Officer Nerida Wallace said: “Our 470 Bourke Street building has been home to the LIV for almost 40 years and has served our members and the community well, but the time is right to seek modern office accommodation for a new era for the LIV. The LIV is examining options to ensure we operate from a fit-for-purpose building that allows us to properly represent our members, support the legal profession and the community.”

The property has a site area of 916sqm and has dual street frontages, backing directly onto Little Bourke Street which provides immediate access to the legal precinct.

The nine-storey office building has a net lettable area of 3,339sqm and 16 on-site car parks. The building provides high quality office accommodation, flexible open plan floor plates and natural light from three sides. The ground floor and lower ground floor also provide the flexibility to be utilised for office accommodation as well as retail or hospitality use.

There will be print advertising starting this week.


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