MELBOURNE
At 418-420 Bourke Street, a four-storey building which houses a Peter Jackson outlet on the ground floor is back on the market.
It last traded in 2019 for $5.84 million on a skinny 2.81 per cent yield. The 417 square metre building is on a 168 sqm site with rear access to Kirks Lane.
Opposite Cbus Property’s $1 billion tower at 435 Bourke Street, it comes with a permit to convert the upper levels to three whole floor apartments.
Teska Carson agents Matthew Feld and Stephen Speck will take the property to auction on June 27 and are quoting $5 million-plus.
