New leafy east Melbourne office sells for $15m
A new A-grade office on 1217 square metres with a boundary-to-boundary basement car park has sold.
Hall Street Hub at 26-28 Hall Street, Hawthorn East, collected $15.2 million – an 8.2 per cent fully let passing yield.
With 2568 sqm over four floors, the investment is 80pc full.
NYSE listed insurer Assurant, formerly Fortis, is an occupier.
Colliers’ Ben Baines, Scott Orchard and Alex Browne were the agents.
The deal comes 18 months since we reported electrical engineering products supplier NHP bought the ex-Bunnings headquarters in the pocket, at 16-18 Cato St.
That three level renovated building contains 5295 sqm.
The outlay was $26.5m (continues below).
26 Hall Street
Penned by ClarkeHopkinsClarke, 26 Hall St also contains 56 car parks – the bulk in the basement (continues below).
There are three electric charging stations too supported by solar harvesting.
Hawthorn East’s commercial pocket, near the Toorak border, is about seven kilometres south east of Melbourne’s CBD.
More to come.
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