The property comprises a five level office building which was constructed in 1971. The building has been refurbished over time and was last refurbished in 2006 and is now of a standard which is not commensurate with current market expectations. The property is afforded with dual street frontages, with primary frontage to Palmerston Crescent and secondary frontage provided via a rear laneway.
The main entrance is via Palmerston Crescent which provides entry to a ground floor lobby and café retail premises. There is also a singular office tenancy located to the rear aspect of the ground floor. A single lift and stairwell provides access to four upper levels of office accommodation and a rooftop entertainment deck that is also accessible for tenants.
The building is situated within a highly desirable commercial and residential location within the suburb of South Melbourne. The location provides workers with access to a wide range of retail and lifestyle locations, including: Albert Park Lake, Albert Park Golf Course, Melbourne Sports and Aquatic Centre, Royal Botanic Gardens, Shrine of Remembrance, South Melbourne Market and Clarendon Street Retail.
Built in 1988, 574 St Kilda Road is a nine level standalone office building located on a prominent 2,315 sqm corner site. The asset affords attractive property fundamentals including three separate street frontages, expansive views and floor to ceiling glazing that provides high volumes of natural light to the 900 sqm floor plates.
Vantage has conducted an intensive capital refurbishment strategy which included works to the ground floor foyer and entry, façade, lifts, on-floor lobbies and amenities and building signage.
St Kilda Road is located one kilometre south of the Melbourne CBD and offers exceptional lifestyle amenity for office tenants, including access to the Botanical Gardens, Albert Park Lake, Domain Road dining precinct, while also affording immediate access to Melbourne south-eastern suburbs. The completion of the Anzac Tran Station in 2024 will provide further transport amenity to the precinct.
The asset was purchased in March 2020 by a Vantage managed pooled investment trust of high net worth private investors, companies and self-managed super funds based both locally and overseas.
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.
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.
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.
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.
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.
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.
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.
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. Vantage will continue to upgrade amenities as well as common area lobbies and expects strong cash flow to be maintained.