In today’s current competitive legal market, retention of staff and clients are critical factors to a successful business.
So finding affordable office space that presents the desired image to clients while providing staff with access to desired amenities and a healthy working environment is a high priority.
And when every billable minute counts, legal firms tend to cluster around court precincts, preferring close proximity to courts and colleagues to minimise costly travel times.
In Melbourne, nearly 90 per cent of the city’s major legal firms are located within one or two blocks of the intersection of William and Lonsdale Streets, the epicenter of the court precinct, home to the Victorian Supreme, County and Magistrates Courts in the North West corner of the CBD grid.
And for good reason. Desired for its convenient access to the courts as well as local amenities, public transport, and shopping, the legal precinct is popular – but finding a building that provides firms with the right profile, amenities and services within budget within this precinct can difficult.
In response to the demand for space, and recognising the need of firms to maintain high staff retention, REST, a Melbourne-based landlord, has been proactive in creating a desirable, future-proof workplace at 460 Lonsdale Street, perfectly attuned to the legal industry. This modern-style A-grade building is conveniently positioned adjacent to the County, Supreme and Magistrates Courts, in the heart of the Melbourne legal precinct.
The office space has just seen a multi-stage refurbishment program completed, including an upgrade of available floors, along with the ground floor lobby, café and installation of all important shower and change facilities.
The floors now reach an ‘as new’ standard, providing office accommodation that is ideally located for legal professionals, and a combination of modern facilities that is often required but hard to find.
The 18-level office building has only four levels available for lease, each encompassing around 1,135 sq.m. Being contiguous, the vacancy will suit mid-to-large scale firms requiring up to 4,600 sq.m., or around 350 staff utilising a legal-style fit-out. Smaller firms can consider whole single-floor or part-floor opportunities.
Located in the centre of Melbourne’s legal quarter, occupants can enjoy panoramic views south over the iconic Supreme Court Dome towards the financial precinct, west towards Etihad Stadium, and north over Flagstaff Gardens. Floor-to-ceiling windows let in an abundance of natural light. Energy conservation is also a key factor for 460 Lonsdale Street, with the building holding a 3-star NABERS energy rating and 5.5-star water rating. A car park within the building accommodates both short and long-term parking requirements.
Long-term tenants will be offered a financial fit-out incentive to assist with mitigating the upfront costs involved in relocation.
When quality, location and convenience matter, buildings such as 460 Lonsdale Street deliver cost-effective solutions.
Copy supplied by Savills. For more information visit http://www.realcommercial.com.au/property-offices-vic-melbourne-500531839
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