Kokoda snares Melbourne site for maiden office
Kokoda Property has chosen an inner-city Melbourne site for its maiden office (artist’s impressions, right and below).
The 854 square metre Industrial 3 zoned Richmond parcel, 418 Burnley Street, on the south west corner of Madden Grove, diagonally adjacent to Burnley station, is trading off-market.
Assuming a land rate of $6500-$7500 per sqm (Commercial 1 zoned land in the suburb achieves c$8500 psm), the price would circle $5.5-$6.5 million.
Presently accommodating a single storey warehouse, Teska Carson’s George Takis brokered the off-market deal.
The property previously traded for $3m in 2014.
This pocket of Richmond is about four kilometres east of Melbourne’s CBD. This site is also diagonally adjacent to Australia Post’s new headquarters.
Nine storeys planned
Kokoda is planning a nine level office with a rooftop (story continues below).
The ground floor will include a 250 sqm showroom, fitness area, end of trip facilities and bike parking.
Lower levels will also be constructed in brick so it appears the office is a warehouse conversion.
Images show the building branded with Kokoda’s logo, suggesting it could act as the company’s headquarters; the diversified, national builder is based at Cremorne, another pocket of Richmond closer to town.
“The Kokoda brand is synonymous with luxury residential precincts and our experience and expertise within this space will be adopted in the workplace design,” Kokoda Property Group founder and managing director, Mark Stevens, said.
“Our commitment to quality and craftsmanship will be evident throughout this project and we are looking forward to delivering an A-grade office with a ground-floor retail showroom to the ever-growing commercial pocket of Burnley and Richmond,” he added.
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