324 St Kilda Road, Melbourne

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

Sold on: December 2017

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The Lester Group has been sustainably growing the wealth of its investors since 1995. They are known for being diligent, disciplined and responsible for the consistent delivery of value with an objective of maximising returns for investors.