INVESTMENT PORTFOLIO

  • 1 CHAPEL STREET BLACKBURN

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    Built in 2005, 1 Chapel Street is a high-quality three-level office building on a substantial 7224 square metre site. The property’s A-grade status and significant 6052 square metres of net lettable area makes it one of the premier office buildings in Melbourne’s outer eastern suburbs.

     

    It has large and efficient 2000 square metre floor plates with floor-to-ceiling windows on all sides allowing high levels of natural light throughout. There is basement and at grade parking for 212 cars.

     

    Blackburn is 17 kilometres south east of Melbourne’s central business district and is well connected by arterial routes and public transport. Blackburn railway station is 400 metres to the south.

     

    The property was purchased in 2018 on behalf of Australian-based high net worth individuals, families, self-managed super funds and investment groups.

     

    Vantage has added value by converting what was single tenant building into a multi-tenanted property. Full refurbishment of the ground floor has included creating space for three office tenancies and a cafe.

     

    Vantage is completing its leasing strategy to achieve 100 per cent occupancy and is considering the development potential of land at the rear of the building.

     

     

     

  • 446 COLLINS STREET MELBOURNE

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    This prominent 12-level building of 5600 square metres sits on 600 square metres of land in the heart of the Collins Street commercial and retail hub.

     

    The corner location provides office tenants with an outstanding outlook along Collins Street as well as natural light to three sides. The premier retail location is reflected in the quality of tenants occupying the ground floor and basement.

     

    The property was purchased in 2015 and is managed by Vantage on behalf of an individual Asia-based investor.

     

    Vantage has added value by upgrading the entry lobby, base building amenities, refurbishing office accommodation and replacing the heating, ventilation and air conditioning system.

     

    All vacant floor spaces have been leased and Vantage has renegotiated all existing leases with significant rental uplift. The property is now 100 per cent occupied.

     

    Vantage continues to reposition this asset on behalf of its client with ongoing refurbishment and improved income. The significant proportions of the site and three street frontages lends itself to future conversion, extension or redevelopment.

     

     

     

  • 277 WILLIAM STREET MELBOURNE

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    Located in the heart of Melbourne’s legal precinct, 277 William Street is a prominent modern 13-level office building.

     

    Adjacent to Flagstaff railway station and Flagstaff Gardens, the property boasts uninterrupted views across the heritage protected former Royal Mint. It has exceptional natural light across the entire eastern elevation with floor to ceiling windows.

     

    Recent capital upgrades include a ground floor cafe, entrance lobby and level five lobby and bathrooms. The building has strong environmental credentials with a 5 star NABERS energy rating.

     

    The property was purchased in 2018 and is managed by Vantage on behalf of a Hong Kong-based private family. Vantage is repositioning the asset through leasing agreements and base building upgrade works. The property is fully leased and has an unrivalled track record in retaining and attracting high quality tenants.

     

     

  • 176 WELLINGTON PARADE EAST MELBOURNE

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    Constructed in 1976, the property comprises a 12-level office building with an additional two levels of basement car parking and on-grade car parking at the rear.

     

    Floor plates of just under 600 square metres allow for single or multiple occupancy with a side services core. There is an abundance of natural light due to low rise buildings to the north and parkland to the south. The boutique size of the floor plates also allows ample natural light into the office accommodation. The total net lettable area is 6381 square metres and there are 88 car parks on site.

     

    The majority of floors were extensively refurbished in 2010, including new carpets, showers and office fitouts. The ground floor comprises an attractive entry lobby with a retail tenancy currently occupied by an Italian restaurant.

     

    176 Wellington Parade is directly opposite the Melbourne Cricket Ground (MCG), on the northern side of Wellington Parade, between Clarendon Street and Powlett Street. The world-class Fitzroy Gardens is located less than 150 metres to the west and is the only piece of land between Clarendon Street and Melbourne’s central business district, which is less than a kilometre away.

     

    The building enjoys stunning uninterrupted views over the MCG, surrounding parklands and the city skyline. Jolimont train station is immediately opposite the property, while a tram service runs along Wellington Parade.

     

    Vantage purchased the property in 2013 for Australian-based high net worth individuals, families and self-managed super funds.

     

    We added value by fully refurbishing the lifts, entry lobby, base building amenities and common areas. Vantage has increased the weighted average lease expiry and significantly improved rental income and capital value. The property is fully leased and is a potential future development site in a very tightly held Melbourne city fringe location.

     

     

  • 11 QUEENS ROAD MELBOURNE

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    11 Queens Road is a prominent 14-level office building with three ground floor retail tenancies, 11 upper office floors and a 128-bay basement car park over two levels. The building features regular rectangle-shaped floor plates with natural light provided to all sides and services via a side core. The floor plates can be easily divided into multiple tenancies.

     

    The site has extensive frontages to Queens Road and Queens Lane. Queens Road is an integral connection between the southern suburbs and the city centre and is within one of Melbourne’s most sought-after commercial office precincts. The location is well serviced by public transport.

     

    Vantage purchased the property in 2014 for Australian-based high net worth individuals, families and self-managed super funds.

     

    We added value through refurbishment of all building amenities as well as the entry lobby, lifts, end-of-trip facilities and external surrounds. The building has been given a new identity and signage. There have also been specific upgrades on numerous floors including cutting edge fitouts.

     

    11 Queens Road is fully leased and was purchased with a large land holding in a strategic mixed-use location.

     

  • 541 BLACKBURN ROAD MT WAVERLEY

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    This four-level corner office building of 3600 square metres with a large adjacent land holding is leased to tenants including NAB and Run Property.

     

    It was purchased in 2003 on behalf of Australian-based high net worth individuals, families and self-managed super funds. Vantage has refurbished all base building amenities, common floor lift lobbies, the main entry lobby and fully upgraded the heating, ventilation and air conditioning system.

     

    The property is fully leased. There is potential for future development on the excess land and strong passive income from the office building.

     

     

  • 863 HIGH STREET ARMADALE

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    863 High Street is a five-level office building with showroom. It has a net lettable area of 3182 square metres and 62 basement car spaces.

     

    The building has been constructed to an extremely high standard which is reflected in the entry and office foyers, high ceilings, abundant natural light and views towards the city.

     

    The extensive street frontage gives the building significant presence and this is enhanced by the architecturally-designed facade.

     

    The location is dominated by high-end fashion stores, coffee shops and restaurants and is well-serviced by public transport with Armadale railway station 200 metres away and tram services on High Street.

     

    Vantage purchased the building in 2012 for Australian-based high net worth individuals, families and self-managed super funds.

     

    After inheriting a 50 per cent vacancy rate the property is now fully leased. Vantage views the property as a long-term income driven investment.

     

     

     

  • 651 VICTORIA STREET ABBOTSFORD

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    This two-level office building overlooks the Yarra River and is instantly recognised by the historic ‘Little Audrey’ skipping girl sign that sits on the rooftop. Fully refurbished, 651 Victoria Street is an incredibly creative space boasting high ceilings and industrial style exposed finishes.

     

    The property was purchased in 2000 for Australian-based high net worth individuals, families and self-managed super funds.

     

    Vantage has added value by refurbishing the building entry and common areas, adding office suite amenities and upgrading heating, ventilation and air conditioning. It has strong office rental income with future development potential.

     

  • 26-28 PROSPECT STREET BOX HILL

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    26-28 Prospect Street is a commanding four-level office building located in the prime office precinct of Box Hill. It has a two-story high entrance lobby, natural light both front and back and ample secure basement parking.

     

    Vantage purchased the property in 2002 for Australian-based high net worth individuals, families and self-managed super funds.

     

    We have added value by refurbishing all amenities as well as office accommodation and fully upgrading the based building’s heating, ventilation and air conditioning system. Major energy efficiency upgrades have resulted in the property receiving a 4.5 star NABERS environmental rating.

     

    Vantage is continuing to reposition the property to improve rental income and capital value. It is also a prospective future development site in a highly active office and retail location surrounded by significant public transport infrastructure.

     

     

  • 689 BURKE ROAD CAMBERWELL

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    689 Burke Road is a six-level office building of 2600 square metres in a tightly held pocket of Camberwell. The property was purchased by Vantage in 1995 on behalf of

    Australian-based high net worth individuals, families and self-managed super funds.

     

    Vantage has added value by fully refurbishing the ground floor lobby, all floors and amenities, lifts, and the heating, ventilation and air conditioning system.

     

    The property is 100 per cent leased and Vantage expects to maintain strong cashflow with continued upgrade works to amenities and common area lobbies.

     

     

  • 697 BURKE ROAD CAMBERWELL

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    697 Burke Road is a six-level office building of 2800 square metres in the heart of Camberwell. It has basement parking for 38 cars. Situated on the western side of Burke Road and walking distance to Camberwell Junction, this blue-chip location offers easy access to public transport and the popular local shopping strip.

     

    It was acquired by Vantage in 1999 for Australian-based high net worth individuals, families and self-managed super funds. The property is fully leased. Vantage will continue to upgrade amenities as well as common area lobbies and expects strong cash flow to be maintained.