Stonebridge Property Group is pleased to confirm the ‘off market’ sale of 100 Barkly Street, St Kilda.

Due to heritage restrictions that provided little scope for future development, the asset was offered as a pure investment. We recognised early in the off-market process that firming up the quality of each tenancy was key to buyer engagement and achieving yield compression.

A concise document that outlined the longevity of each tenant, coupled with the background on each business and their performance during COVID was used to provide buyers confidence.

This strategy resulted in a very strong price and sharp yield under 4%, setting a record for land values in Barkly Street.

The property was purchased by a first-time commercial investor backed by offshore capital. The Stonebridge Asia Practice team had been working with the buyer for 9 months, educating them on the market and ensuring they purchased through Stonebridge.

For any questions regarding the sale, please contact Stonebridge Property Group:

Nic Hage
0448 782 594

Rorey James
0439 400 081

Sarah Xi
0468 320 297

Property Code: 559