A five-level office building in East Melbourne has changed hands for 14 per cent below its $60m asking price after a succession of rate rises cooled the market.
CBD properties flood the market as owners shift into sell mode
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Shifting fortunes are bringing a flood of CBD properties to market with a raft of long-term and short-term investors calling time on their holdings.
In the west end, a pair of investors who held their properties for more than 40 years are selling 423-425 Elizabeth Street.
CostFox’s strata office in Cremorne.
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Originally part of the old Argus Hotel - neighbouring the Argus Building on the corner of Latrobe Street - the shop is expected to fetch a whopping $15 million.