Sotheby's Melbourne headquarters still for sale
Jonathan ChancellorAugust 22, 2012
Art dealer Sotheby’s Melbourne headquarters at 926 High Street, Armadale, was passed in at $4.8 million at its recent auction.
The property had been listed with an annual rental of $352,760, of which Sotheby’s pays around $300,000.
It had been tipped to fetch more than $5 million through Chris Kombi and David Bourke at Fitzroys. Its now listed at $5.25 million.
Sotheby’s Australia is moving into central Melbourne to two floors of a building that is currently under construction, Australian Financial Review reporter Terry Ingram wrote.
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.
