Owners of the four apartments within a modest complex on relatively big land, in the Melbourne CBD, have united and sold it for $6.9 million.
The double storey structure at 23-25 Coromandel Place will be replaced with an office after trading to an owner occupier.
Developed in the 1990s, and designed to complement a neighbouring warehouse-converted building – the property has a (wide) 12.7 metre street frontage and sits on a 220 square metre Capital City 1 zoned block within cooee of the landmark 120 Collins Street skyscraper.
Dexus’ $1.47b 80 Collins Street is also in the vicinity as is the 130 Little Collins Street ex-Uniting Church site which Jeff Xu’s Golden Age Group was recently permitted to replace with a 26-storey office (story continues below).
The Coromandel Place property abuts the low-rise Kelvin Club (which has a Melbourne Place address).