Dustin Martin, Ralph Carr, find tenant for Abbotsford commercial investment
EXCLUSIVE
Premiership footballer Dustin Martin (pictured, top, as part of a Bonds Living campaign), with his manager Ralph Carr, have found a tenant to occupy a recently acquired co-owned commercial investment, in Melbourne’s inner north east Abbotsford.
The mixed-use building at 367 Victoria Street (pictured, below) was only offered for rent in June following a swank renovation by the landlords.
The online listing was marked as leased this week.
Known as Victoria House, the 560 square metre building includes a ground floor retail space and upstairs office.
Mr Carr and Mr Martin bought the asset for $3 million in February via a company of which they are directors.
The leased space was marketed by Jones Real Estate’s Paul Jones for an annual rent of about $168,000 – or $300 per square metre.
Mr Jones declined to comment about any part of the deal when contacted.
Elsewhere in Melbourne’s inner-east, Mr Carr and Mr Martin co-own two warehouse converted offices in Richmond’s Butler Street, via a company name Butler Property Group Pty Ltd.
Coincidentally, Mr Jones leased these buildings (#25 and #29-31) earlier this year.
As we reported in June, Mr Carr’s commercial property portfolio is speculated to be worth in excess of $30 million.
One of his assets, a landmark and historic Richmond Hill office at 229 Lennox Street – for years the headquarters of Mr Carr’s management business – was recently put up for rent, again via Mr Jones.
Mr Carr also appears to have sold his outgoing family home in Shakespeare Grove, Hawthorn – as we are reporting in a separate story today.
The renovated five bedroom mansion in the revered St James Park Estate hit the market in April.
