Record Melbourne Chinatown sale to mainland Chinese buyer
Jonathan ChancellorDecember 7, 2020
A three storey Victorian-era building at 105 Little Bourke Street fetched $3.5 million, at a record 2.6% yield for Melbourne's Chinatown.
It was a Chinatown record of $16,338 a square metre through CBRE.
A mainland Chinese investor purchased the property which has been occupied by a Japanese restaurant.
There were 18 contracts issued to potential buyers in the tender for the 118 square metre offering.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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