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Global brand developer takes Richmond warehouse

Property Markets / Transactions

Australia

Mar 23 2017

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March 24, Melbourne – International brand development and promotion firm, Kojo Productions, has agreed terms on the lease of an office and warehouse property at Richmond in Melbourne’s inner-east.

Teska Carson’s Fergus Evans, Matt Feld and Luke Bisset, who brokered the 7-9 Albert Street  deal, said the two level, 768 square metre, premises was let at $200,000 per annum net on a seven year term with a three year option.

The ground floor comprises a gallery/office and workshop/warehouse space, while the first floor includes a kitchen, laundry and bathrooms as well as additional office/gallery space. The property also has rear access via a laneway and four off-street carparks, one of which is a secure garage.

Mr Evans said the tenant was attracted to what was an extremely functional building in an exceptional position.

"This was a great opportunity to establish a presence in one of Melbourne’s most vibrant and creative inner suburbs.

"Kojo was looking for a location which was within easy reach of the CBD, which offered parking and public transport access in a creative environment and at an affordable rental, and the property very adequately met all of those criteria," Mr Evans said.

The lessor is a Melbourne based private investor. 

 

About Teska Carson

Teska Carson, since its establishment in 1990, has consolidated itself as Melbourne’s most progressive and active estate agency, specialising in the field of prime commercial property. Teska Carson recently merged with Kliger Wood to form the largest privately owned commercial agency in Melbourne with a combined 100 years of service to the property industry. The acquisition has enabled Teska Carson to build on and enhance its reputation as a leader in its field offering the most comprehensive range of commercial property management and agency services with a database second to none. Teska Carson will continue its successful strategy of focusing on personal service and exceeding expectations in delivering outstanding results for our clients.

SOURCE: Press Release

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