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Former motorcycle store revs up CBD market – The Australian Financial Review

The Elizabeth Street offering comes amid signs Melbourne’s CBD commercial market has emerged from the pandemic disruption and shutdowns.

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The former home of longstanding retailer Peter Stevens Motorcycles has hit the market in the Melbourne CBD, complete with plans for a 10-level retail development above it.
The motorcycle dealership has exited the three connected buildings at 337-347 Elizabeth Street, having sold the property for $31.5 million two years ago to interests associated with developer Longriver Group.
Melbournes commercial property market is revving up. 
Since then plans were formulated for a $110 million retail tower,…

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