176 Wellington Parade, East Melbourne
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).
Date Acquired
June 2013
Purchase Price
$22,700,000
NLA
6,382sqm
Direct Rate
$3,557/sqm