242 Exhibition Street is a 47 storey, A-Grade office tower of 65,915 sqm incorporating 43 levels of office accommodation, 3 basement levels of car parking, theatrette and conference centres, and 2,543sqm of ground floor retail accommodation.
The retail accommodation incorporates six 2-3 storey heritage buildings with a tenancy mix including service-related tenancies and a food court.
The property forms an extensive “Paris End” Melbourne CBD land holding with 3 street frontages and excellent exposure to Exhibition, Lonsdale and Little Lonsdale Streets. It is located in the highly sought-after North Eastern precinct of Melbourne CBD, within close proximity to Parliament Station, Carlton Gardens as well as premium retail, dining, commercial and cultural offerings.
Designed by Perrot Lyon Matheison and purpose built for Telstra, 242 Exhibition Street was opened in 1992 and was fully refurbished in 2010. Recently, the building has undergone a refurbishment program including a full lift upgrade to all 26 lifts, tenancy refurbishments, upgrades to on floor amenities and new, state of the art end of trip facilities.
|Tenant||NLA (SQM)||Expiry date||Income (%)||Annual Review|
|Telstra||63,398 sqm ||Oct-31||95.6%||3.50%|