Portfolio

130 Commercial Road is located in the suburb of Teneriffe (2km from Brisbane CBD) forming part of the Urban Renewal Precinct, which was transformed in the early 1990’s from an undesirable, predominantly industrial area to a thriving, highly sought-after location which offers a high level of local amenity. 130 Commercial Road is one of seven original Woolstores in Teneriffe, offering 4,097sqm of converted office space.

The property is currently multi-tenanted, anchored by Nova FM and complemented by government and other small to medium size enterprise (SME) tenants. This asset marks Vantage’s first acquisition outside Victoria.

Comprising a five-level office building constructed in 1971, this property underwent a refurbishment in 2006 to a standard commensurate with current market expectations at that time. Post Vantage’s acquisition, the asset has undergone a full and extensive refurbishment including works to the ground floor entry (which now features a double height lobby), integration of state of the art end of trip facilities, base building upgrades (including lifts) and full turnkey fitouts across office levels 1 & 3.

The building is situated within the highly desirable commercial and residential hub of South Melbourne. The area offers access to a wide range of retail and lifestyle amenity, including Albert Park Lake, Albert Park Golf Course, Melbourne Sports and Aquatic Centre (MSAC), Royal Botanic Gardens, Shrine of Remembrance, South Melbourne Market and Clarendon Street retail precinct.

Built in 1988, this nine-level office building is located on a prominent 2,315 sqm corner site. Since acquisition, Vantage has undertaken an intensive capital refurbishment strategy with works being completed to the ground floor foyer and entry, façade, lifts and on-floor lobbies/amenities.

St Kilda Road is one kilometre south of Melbourne’s CBD and offers exceptional lifestyle amenities for office tenants. Close to the Botanical Gardens, Albert Park Lake and Domain Road dining precinct, it also affords immediate access to south-eastern suburbs. The completion of the Anzac Train Station in 2025 will provide further transport connectivity for the precinct.

Built in 2005, 1 Chapel Street comprises a high-quality three-level office building which occupies a substantial 7,224sqm site in Blackburn – a central business district, 17 kilometres south east of Melbourne CBD. The area is well connected by arterial routes and public transport, with Blackburn railway station 400 metres to the south of the property.

The property is considered one of the premier office buildings in Melbourne’s outer eastern suburbs featuring a modern lobby, end-of-trip facilities, floor-to-ceiling windows on all sides (allowing high levels of natural light throughout) and ample car parking (combination of basement and open-air spaces).

Purchased by Vantage in 2018, we then converted the single tenant building into a multi-tenanted asset. A full refurbishment of the ground floor created additional space for three office tenancies and a cafe. Given the substantial landholding, we are continuing to explore potential alternative uses for the undeveloped land located to the rear of the existing office building.

Located in the heart of Melbourne’s legal precinct, 277 William Street comprises a modern 13-level office building. Located in close proximity to Flagstaff railway station and Flagstaff Gardens, the property provides uninterrupted CBD views over the heritage-protected former Royal Mint.

The property was purchased in 2018 on behalf of an offshore based family office. Since acquisition, Vantage has been progressively undertaking agreed refurbishment works to enhance the building for new tenants & assist in retaining existing tenants.

11 Queens Road is a prominent 11-level office building which comprises ground floor retail tenancies, office accommodation and a 128-bay basement car park over two levels. The property is situated on a substantial landholding with street frontages to Queens Road and Queens Lane. Tenancies with a westerly aspect are afforded uninterrupted views over Albert Park Golf Course/Lake and Port Phillip Bay.

Purchased in 2014, Vantage has added substantial value through strategic staggered refurbishments. The ground floor lobby has recently undergone a significant repositioning programme which we believe will assist in retaining existing tenants, as well attracting new tenants.

Constructed in 1976, this 12-level office building is situated in a very tightly held city-fringe office market. Located opposite Yarra Park, the building enjoys uninterrupted views towards Melbourne Cricket Ground (MCG) and Melbourne CBD skyline. There is excellent public transport connectivity in close proximity, with Jolimont Train Station immediately opposite the property and tram services running along Wellington Parade.

Vantage purchased the property in 2013 and subsequently refurbished the ground floor, base building amenities and common areas. More recently, additional works have included turnkey fitouts across several floors and the integration of brand new end of trip facilities (within the basement).

689 Burke Road comprises a six-level office building located in a tightly held pocket of Camberwell. Purchased in 1995, Vantage has completed several rounds of building upgrades since acquisition which have included ground floor lobby refurbishment, on-floor lift lobbies/amenities, lift replacements, integration of end of trip facilities and upgrades to base building services.

863 High Street is a five-level office building with ground floor retail (gym) and 62 basement car spaces. Armadale is a very affluent residential location which has been a historically strong performing office market, with limited competing stock. The extensive street frontage gives the building a strong presence which is enhanced by the architecturally designed facade. Armadale Train Station is located 200 metres away from the property while several tram services operate along High Street.

Vantage purchased the asset in 2012 with approximately 50% vacancy and soon after embarked on an formal leasing strategy. The quality management and proactive approach resulted in extremely positive leasing traction. The asset is currently fully leased with a strong Weighted Average Lease Expiry (WALE).