Office Block

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The retiring Village Roadshow boss Graham Burke has bought an office block on the Gold Coast's Chevron Island.
The Melbourne-based company executive, one of Australia's longest serving CEO's who is stepping down after 31 years, has spent $4.1 million with a Mehmet Unal.
The modern three level building at<a href="https://www.commercialrealestate.com.au/property/34-36-thomas-drive-chevron-island-qld-4217-2013324278" target="_blank"> 34 Thomas Drive</a> sits at the eastern end of the Chevron retail area.
It is called home by law firm Perrin Partners, real estate developer Vested Group and Co.As.It. Community Service, a company in the aged care and community services industry.
The building comprises six strata offices, basement and ground parking with three spaces per lot.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/11/Thomas2.jpg" alt="">
Burke has been at Village Roadshow for 62 years having started working at the Ararat town hall in country Victoria as a ticket collector and floor sweeper.
Burke is based in South Yarra.
In 2017 he sold his four bedroom St Kilda sub-penthouse for $5.05 million, well down on the $7.3 million he spent off the plan well over a decade ago.
He will remain on the board of Village Roadshow.
 
 
 
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Retiring Village Roadshow boss Graham Burke buys Chevron Island office block

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The 420 St Kilda Road, Melbourne office block is under offer.
The developer CEL Australia, an offshoot of Singapore listed property group Chip Eng Seng, had $65 million-plus hopes for the 10-level office building.
It last traded at $45 million for in December 2013 when <a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-500937343" target="_blank">the Savills marketing</a> noted the 10,528sq m space had a net passing income of $3,675,000 per annum.
CEL listed it in the hope of capitalising on the recent strong performance of the St Kilda Road office precinct where residential conversion has helped drive down the vacancy rate from a peak of 14.2 per cent to six per cent over recent times.
The 420 St Kilda Road spaces serves as CEL's local head office alongside tenants, ANZ Bank and APP Corporation.
The corner site of 2,286sq m came with 105 metres of total street frontage to St Kilda Road and Kings Way.
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Office Block

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