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South Melbourne Above Market Lease

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South Melbourne Above Market Lease


Conquest Estate Agency has successfully leased a older style office warehouse at 124 Thistlethwaite Street, South Melbourne to a National Car Rental Company.

The property consists of 74 sqm of office and 306 sqm of warehouse with 3 roller doors. There is also a canopy area and 160 sqm of open yard area for carparking. Based on the nett lettable area of the building being 380 sqm, Director Luke Conquest was able to achieve a market high rental of $302 per sqm + Outgoings.

“The property provided the unique benefit of ample carspaces and open yard area in a location where the majority of buildings are built to the boundary. This coupled with a targeted marketing campaign resulted in our agency achieving a rental well above market and more in line with office rents…if not higher”. Said Luke Conquest

Link: http://www.australianpropertyjournal.com.au/2017/01/24/car-hire-group-drives-to-south-melbourne/?utm_source=Premium&utm_campaign=c544b91773-EMAIL_CAMPAIGN_2017_01_24&utm_medium=email&utm_term=0_891e2f288f-c544b91773-121576445

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