City Fringe Office Investment Opportunity
An eight level, refurbished building located on the immediate fringe of the St Kilda Road office market. The site offers longer term redevelopment or site maximisation potential.
Location Description: The property is located in a prime location on the shoulder of St Kilda Rd and within 2 kilometers of the CBD of Melbourne. It is within close proximity (approx. 500m) from the proposed Domain underground Train Station (under construction).
Sale Process: The property was sold via an ‘off market’ transaction to a private investor.
Tenancy: The property is fully leased to longstanding tenant Dimension Data, a global information technology services company. The current 11 year lease expires 31/08/2019 with no option for a further term.