The property comprises an entire block of prime South Melbourne real estate (2,761 m2) on Clarendon Street, comprising of 27 individual tenancies (15 retail shops, 2 office tenancies and 10 residential tenancies).
Investment strategy: An opportunity to subdivide the shops and residences into separate titles to add value and re-sale flexibility.
Purchase Price / Date
$26.25m / Aug 2015
Gross Realisation (12 lots sold)
$33.0m / 2018 – 2023
Realised Gain on Purchase
23.0% per annum
