This eight level office building located at 324 St Kilda Road, Melbourne was constructed in 1981 and since completely refurbished. It provides 7,102 sqm of net lettable area and has two levels of basement car parking to accommodate 70 cars.

The property was acquired in 2012 for $22 million and sold in October 2017 for $42 million. Investors earned an 18.36% internal rate of return per annum over 4 years and 8 months investment term.

Investor wrap up