 | Price: $62,150,000 Net Income: $3,360,000 * NLA: 7,506sqm Land Area: 2,317sqm Vendor: Flight Centre Group Purchaser: Shakespeare Property Group Zoning: Commercial 1 Sale Process: Off Market. An unconditional Contract was exchanged within 30 days of initial discussions. Analysis: Building - $8,280/sqm Yield - 5.4% WALE 3.7 years Sold By Paul Burns - Fitzroys +61 412 244 274 burnsp@fitzroys.com.au | ||
436 St Kilda Road, Melbourne Sold Off Market to Local Investment Group | |||
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Description: Fully leased 10 level office building with basement car parking for 167 bays, built in 1988. Most of the building has recently been refitted on a floor by floor basis and now presents as fully refurbished accommodation. Sold on a partial (75%) leaseback to Flight Centre who recently completed a $700m capital raising and extended their debt availability by $200m. Location: The property is located in the prime part of St Kilda Road, close to the new Anzac Train Station (under construction). | |||