Melbourne, 30 June 2015 –A private offshore investor has acquired a slice of Melbourne’s most renowned CBD laneway, Flinders Lane, for $880,000.
The 135sqm site, located at ‘The Edition’, level 3, 517-535 Flinders Lane, features a refurbished contemporary office space with exposed ceilings, abundant natural light, secure onsite parking, and access to the buildings extensive amenities including rooftop tennis court, BBQ entertainment area, and quality end of trip facilities.
The site boasts a prime location in close proximity to Southbank entertainment amenities, Crown Casino, popular retail strips, the Westgate Freeway and major CBD train stations.
CBRE’s Tim Last, Tom Tuxworth & Nick Lower negotiated the sale on behalf of Sullivan Property via an Expressions of Interest campaign.
Mr Last said the sites prime location, refurbished office space, and high level of amenities made the sales campaign incredibly competitive.
“The space drew over 14 international enquiries, demonstrating an increasing trend for offshore investors to diversify their property portfolios in the Melbourne CBD market.”
“With over 25 sales recently transacting in the building, and only three remaining spaces, this sale exemplifies the strong demand for CBD space being driven by both offshore and local parties,” Mr Last said.
For Australian/international news or global stories, follow us on Twitter.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.