Somerset Gordon Heights - SOLD

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Sold for 11,728,000 AUD Date of Sale: April 2012
Rooms: 43
Price Per Room: 272,744 AUD
Property Id : 29226

Somerset Gordon Heights offers 43 beautifully appointed serviced apartments (including three spacious penthouse suites), together with a leased restaurant and bar.

Located in the heart of the Melbourne CBD, the Serviced Residence provides guests with easy access to the city’s major entertainment, corporate and retail districts, ensuring it is strategically positioned to capture the broadest range of market segments.

With limited supply expected to enter the Melbourne market over the short to medium term, coupled with Melbourne’s positive market fundamentals, an incoming owner will be well positioned to capitalise on the Property’s future income growth potential.

Offered for sale with vacant possession or under management, Somerset Gordon Heights represents an exceptional opportunity to acquire a strategically positioned CBD serviced residence in one of Australia’s most sought after investment markets.

Mark Durran

Managing Director, Investment Sales Australasia
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