Royal Bank Chambers is a classic sandstone building constructed for bank premises in 1940. Located at 287-301 Collins Street, Melbourne, this quality property is situated at one of the most prominent Collins Street locations in the heart of the Melbourne's CBD.
With a net lettable area of approximately 5,280 square metres, the Art Deco-style building encompasses two basement floors, a large ground floor and mezzanine level in addition to the nine upper floors. The property has significant street frontage to both Collins Street and Elizabeth Street. The building's main tenant is the ANZ Bank.
The property is well situated close to public transport facilities and a number of blue-chip financial and telecommunications companies, in addition to specialty retailers and hotels.
ANZ Bank has a 10-year lease over the retail Banking Chamber, while the nine upper floors were subject to an ANZ lease until 31 December 2009. This gave APGF the opportunity to reposition the property with the refurbishment and re-leasing of the upper floors, which is well progressed in line with expectations.
APGF is only the second owner in the building’s 70-year history and it will be the first time in the property’s history that non-bank users will have the opportunity to locate their businesses in this historic building.