Melbourne's Concorde House office building sells for $19.3 million
Jonathan ChancellorDecember 7, 2020
Concorde House at 310 King St in Melbourne's CBD has been sold for $19.3 million, at a rate of $3,217 per square metre.
The building provides 6,000 square metres of offices and 30 car spaces, and is occupied by a variety of tenants, including Nowicki Carbone, St John’s Ambulance and the Australian Red Cross Society.
Mat Kent of Savills acted for the vendor.
Harrington said when fully leased Concorde House would provide a yield in the region of 9%.
It is in the Flagstaff Gardens precinct.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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