This article is from the Australian Property Journal archive
A MULTINATIONAL IT firm has acquired a freehold building in South Melbourne for $2.74 million.
The 93-95 Palmerston Crescent comprises a 530 sqm three-level building with rear site access and eight onsite car parks, on a 248 sqm site.
CBRE’s Paul Tzamalis, Nick Lower and Tim Last negotiated the sale.
“Sold with vacant possession, this property holds scope for future development, particularly given the strong demand for residential and commercial space in the South Melbourne precinct.” Tzamalis said.
Australian Property Journal
