Forza Capital to offer Melbourne CBD fringe office investment

Forza Capital to offer Melbourne CBD fringe office investment
Forza Capital to offer Melbourne CBD fringe office investment

Melbourne based fund manager Forza Capital have listed a four level office space on the fringe of the Melbourne CBD.

The 6,178 sqm building is located in South Carlton, just 600 metres from the north eastern fringe of the CBD.

The building on a vast 3,772 sqm - a rare size in the tightly held precinct - comes fully leased with a $2.15 million per annum income.

The tenants are primarily from the health sector. Vic Health and Breast Screen Victoria are two of the most recognisable names, along with the likes of Novotech and Warner Brother.

There are 160 basements car parking spots.

Forza Capital, led by Adam Murchie and Ashley Wain, have enlisted Fitzroy's Paul Burns and Bayley Stuart Real Estate's Alasdair MacGillivray to market 15-31 Pelham Street.

“The property was identified in 2012 due to the scarcity of quality office stock on the northern fringe of the CBD," Wain said, Forza Capital's managing director.

Forza Capital to offer Melbourne CBD fringe office investment

Since their purchase, Forza have seen a 100 percent occupancy ever since.

“Over half of the building’s NLA has been renewed in the last 12 months, with only one tenant vacating and their 1,400m2 tenancy being immediately relet to other tenants in the Health/Medical sectors.” Wain said.

Paul Burns at Fitzroy's said this is a unique and rarely available opportunity.

"At a time when vacancy rates have fallen dramatically and we are on the cusp of enjoying meaningful rental growth, we have an offering which has been securely leased and recently refurbished.” 

“Carlton and the immediate North Eastern CBD fringe is one of the tightest and most securely held pockets of Melbourne.

"When space does come available, major Educational Institutes like Melbourne University and RMIT compete with a number of Healthcare groups who need to be in this location."

 

 

 

 

 

 

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Melbourne CBD Commercial Listing

Comments

Be the first one to comment on this article
What would you like to say about this project?