Accounting firm Ibbotson & Moscatelli is moving to sell its long-owned Melbourne headquarters after 12 years of occupation.
Having outgrown the 1328-1330 Malvern Road building, Ibbotson & Moscatelli has appointed CBRE’s Melbourne Middle Markets team of Scott Orchard, Scott Hawthorne and Leon Ma to steer the sale campaign – providing a rare acquisition opportunity in the tightly held Malvern market.
“Boutique freehold buildings are seldom offered for sale in the Stonnington precinct and we’re expecting significant interest from private investors and owner occupiers,” Mr Orchard said.
“The building is being offered with vacant possession and would suit a range of uses, including office, medical and education, subject to the relevant planning approvals. It is within 500 metres of Tooronga Train Station and offers easy access to the Monash and Eastern Freeways, which will be a key selling point for prospective purchasers.”
Located on the corner of Malvern Road and McArthur Street, the two-level Malvern Village building has a lettable area of circa 331sqm.
It will be auctioned on-site on Thursday 19th September at 12:30pm AEST.
“The high concentration of medical and wellness businesses with a 1km radius, including Cabrini Health, Glenferrie Road Medical Centre and the McArthur Street Maternal & Child Health Centre suggests there is a certainly n appetite for flexible commercial properties that suit this style of use,” Mr Hawthorne noted.
“The blue-chip nature of the Malvern area and affluent demographic had also supported strong investor demand for office space, which has been in short supply in the area for many years.”
Having outgrown the 1328-1330 Malvern Road building, Ibbotson & Moscatelli has appointed CBRE’s Melbourne Middle Markets team of Scott Orchard, Scott Hawthorne and Leon Ma to steer the sale campaign – providing a rare acquisition opportunity in the tightly held Malvern market.
“Boutique freehold buildings are seldom offered for sale in the Stonnington precinct and we’re expecting significant interest from private investors and owner occupiers,” Mr Orchard said.
“The building is being offered with vacant possession and would suit a range of uses, including office, medical and education, subject to the relevant planning approvals. It is within 500 metres of Tooronga Train Station and offers easy access to the Monash and Eastern Freeways, which will be a key selling point for prospective purchasers.”
Located on the corner of Malvern Road and McArthur Street, the two-level Malvern Village building has a lettable area of circa 331sqm.
It will be auctioned on-site on Thursday 19th September at 12:30pm AEST.
“The high concentration of medical and wellness businesses with a 1km radius, including Cabrini Health, Glenferrie Road Medical Centre and the McArthur Street Maternal & Child Health Centre suggests there is a certainly n appetite for flexible commercial properties that suit this style of use,” Mr Hawthorne noted.
“The blue-chip nature of the Malvern area and affluent demographic had also supported strong investor demand for office space, which has been in short supply in the area for many years.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
