Melbourne, 17 December 2013-A Melbourne finance company has acquired one of the last remaining suites in the landmark 140 East development on Bourke Street.
A local owner-occupier purchased the 280sqm site with vacant possession from vendor Drapac for $1.25 million. The sale, which comes one week after Burgess Rawson purchased level seven of the building, leaves the tower 98% sold, with just one suite remaining.
CBRE’s Tom Tuxworth, who negotiated the sale in conjunction with fellow agents Ed Wright and Chris Pharr, said the property’s location was a key selling factor.
“This suite is ideally situated with the iconic former Hoyts Cinema office tower, and located at the top end of Melbourne’s East End, which is home to several blue-chip office buildings, luxury international retailers, high-end hotels and renowned restaurants,” Mr Tuxworth said.
“The Virgin Active health and fitness club located on the ground level of 140 Bourke Street was also a drawcard.”
Mr Tuxworth said the majority of 140 East property owners were buying within their self-managed super funds to take advantage of the associated tax benefits.
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