Just prior to going into administration however, 1 Bay Street estate was relisted for sale either as a prestige home, or a development site, with price expectations of some $15 million. It remains unsold targeting those two kinds of buyers.
Now, up the street, Ettamogah’s office headquarters is for sale at 228 – 230 Bay Street, at the westernmost edge of the popular retail strip.
The office derives annual rent of $437,462 from other tenants, including state member for Brighton Louise Asher MP. The 1415 square metre office includes 700 square metres of unoccupied space, formerly home to Ettamogah. Additional office space can easily be built atop the existing building.
The block size is 660 square metres, and the asset is expected to sell for about $6 million, according to Colliers International selling agents Tim Grant and Pat Burke.