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Written by Marc Pallisco
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Monday, 01 March 2010 13:21 |
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THE AUSTRALIAN Retailers Association – which commonly appears in the mainstream media encouraging people to spend – is indeed now cashing itself up, by listing for sale its long-time headquarters at the top of the CBD.
The ARA can expect to make about $5 million for the three-level, B-grade building – which because of a ground floor retail lease – is expected to attract investors and owner occupiers, who may wish to rent or occupy approximately 1040 square metres on the upper two levels.
Given the site’s proximity to the RMIT University, and frontage of 13.4 metres, the site is also expected to arouse the interest from residential developers.
Kliger Wood’s Grant McKenzie is marketing the 104 – 106 Franklin Street site. The ARA recently relocated to 136 Exhibition Street where it is a tenant.
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