Owner Occupier Pays $5 Million For South Melbourne Office

A SOUTH Melbourne office at 144 Moray street has sold for $5 million.

Owner occupier O2 Networks purchased the 1218 square metre double storey building (pictured, right) which generates annual rent of $118,400 from a 371 square metre ground floor lease, but was otherwise vacant.

Lemon Baxter director Chris Curtain sold the office, near the south-west corner of York Street, between Clarendon Street and Kings Way, for private investor Martin Strode.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.