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BTR Experts: 35-41 Claremont Street, South Yarra VIC

Claremont Street

Price: $26,000,000
Client: LK Property Group
Purchaser: Greystar
Sale Date: December 2019
Land Area: 1,468 sqm

Permit approved for a 26 level proposal. The property included both hotel and residential uses with a total NSA of approximately 14,000sqm.

Sale Process:
Off-Market Private Sale. Colliers were exclusively appointed to undertake an off-market process to target alternate use buyers, identified as student accommodation and BTR developers. Colliers presented compelling offers to the vendor, from targeted sectors.

The property was sold to international BTR player Greystar, being their first Australian acquisition and signalling their formal entry to the national Build-to-rent market.