CBD properties flood the market as owners shift into sell mode We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement Shifting fortunes are bringing a flood of CBD properties to market with a raft of long-term and short-term investors calling time on their holdings. In the west end, a pair of investors who held their properties for more than 40 years are selling 423-425 Elizabeth Street. CostFox’s strata office in Cremorne. Credit: Originally part of the old Argus Hotel - neighbouring the Argus Building on the corner of Latrobe Street - the shop is expected to fetch a whopping $15 million.