This article is from the Australian Property Journal archive
THE National Car Rental Company has leased an older style office warehouse at 124 Thistlethwaite St South Melbourne.
Conquest Estate Agency’s Luke Conquest leased the property on a market high rental of $302 per sqm plus outgoings.
The property consists of 74 sqm of office and 306 sqm of warehouse with 3 roller doors. There is also a canopy area and 160 sqm of open yard area for carparking. Based on the nett lettable area of the building being 380 sqm.
“The property provided the unique benefit of ample car spaces and open yard area in a location where the majority of buildings are built to the boundary. This coupled with a targeted marketing campaign resulted in our agency achieving a rental well above market and more in line with office rents…if not higher.” Conquest said.
Australian Property Journal
