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A commercial building on Melbourneâs Flinders Lane thatâs home to renowned restaurateur Chris Lucasâs Kisume has smashed expectations to sell to a Melbourne-based private investor group for about $25 million on yield of just 2.5 per cent.
The Flinders Lane building sold for $5m more than expectedÂ
Itâs the third major property sale on Flinders Lane this year, where multiple lockdowns have not dampened investor enthusiasm for commercial property assets.
The laneway is Melbourneâs premier, late-night dining precinct and home to some of its most popular restaurants and bars including Chin Chin, Cecconiâs and Supernormal.