Ex-Southern Cross Care HQ sells again
The parkside former headquarters of not for profit Southern Cross Care has sold for the second time in four years.
A local syndicate has paid $9.3 million – a 5.7 per cent yield – for 151 Greenhill Road, Parkside, following an off-market deal.
The vendor, a private investor, outlaid $6.1m in August, 2021.
At the time, SCC was set to quit the two level c1981 office with 1478 square metres and 50 car parks.
The year later, the landlords secured Websters Lawyers to a rental agreement expiring in 2031 with multiple five year options (story continues below).
Cushman & Wakefield’s Sam Alexander was the agent.
The result, he said, values the land at $6058 per sqm.
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