Former AFL House Office, East Melbourne, Sells For $9.65 Million

AN East Melbourne office built for, and occupied by the VFL/AFL sports code has sold for $9.65 million.

The five-level, 2759 square metre office at 120 Jolimont Road sold before a crowd of about 60 people to a private investor.

Based on the potential annual rent of $727,000, the office sold on a yield of 7.5 per cent. However, about a quarter of 120 Jolimont Street is vacant.

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