355 Spencer Street, West Melbourne VIC

Purchase Price

$38.5m

DAte

01/09/2022

Sold

-

Sale Date

-

opportunity

  • 23% IRR target
  • Purchased during covid at $5k/m², market was $10k
  • Major refurbishment and releasing program
  • Purchased almost vacant, now 80% leased

value added

  • Café added to foyer
  • New lift and foyer
  • Refurbished all floors
  • Latest valuation $59m

Residential Investment

Lorem ipsum dolor sit amet consectetur. Fusce in in vestibulum nunc. Ut faucibus nunc malesuada cras duis. Elementum turpis semper mattis mattis sagittis. Lacus velit elit volutpat odio sit amet. Felis sed quam vitae velit aliquet aenean cras urna nisi. Consectetur tristique ac elementum et. feugiat at imperdiet sed sed nisl at.
Our team is equipped with a profound understanding of the real estate market. We see beyond the present, developing strategic plans to amplify their value for the future.
Our team is equipped with a profound understanding of the real estate market. We see beyond the present, developing strategic plans to amplify their value for the future.
Our team is equipped with a profound understanding of the real estate market. We see beyond the present, developing strategic plans to amplify their value for the future.

Other Investments

Lorem ipsum dolor sit amet consectetur. Fusce in in vestibulum nunc. Ut faucibus nunc malesuada cras duis. Elementum turpis semper mattis mattis sagittis. Lacus velit elit volutpat odio sit amet. Felis sed quam vitae velit aliquet aenean cras urna nisi. Consectetur tristique ac elementum et. feugiat at imperdiet sed sed nisl at.