Private Investor Forks Out $16.6 Million for Unrenovated Queen Street Office Building

The office building at 51 Queen Street is in the legal precinct of the CBd and includes 4915 square metres of office space over 13 levels. Parts of the building are leased to tenants Air Mauritius and Crone Partners Architects which contribute to a passing net income of $947,500. The building sold on a low passing yield of 5.67 per cent.

Colliers International director Pat Burke negotiated the sale with Matthew Stagg.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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