$12 million paid for Queen Street, Melbourne CBD property
Michael CrawfordAugust 30, 2015
A Chinese investor has paid $12 million for a four level, 930sqm Queen Street property in Melbourne’s CBD, sold as a vacant possession.
The property, 338 Queen Street, offers ground level retail and three upper floors of office space.
Savills CBD sales director Clinton Baxter said the property had sold on a land rate of $41,379 sqm, adding the buyer had flown into Melbourne for one day to view the property.
Michael Crawford
Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.
