1,404 sqm heritage listed boutique office
6 storeys
3 street frontages
Multi tenanted
Purchased in 2013 for $12m at a 7% yield
Under rented
Office and residential use allowed
Rapidly improving location
Forecast increased occupational demand for creative space by tenants
Capture rental growth
Undertake capex program
Sold in September 2019 for $21m resulting in an achieved IRR of >30%