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Fitzroy head office of Australian Greens leader Adam Bandt. Source: CBRE
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  • The Fitzroy headquarters of Australian Greens leader Adam Bandt is on the market, with price expectations north of $3 million
  • The transaction is being managed by CBRE’s Nathan Mufale, Alex Brierley, Scott Hawthorne and JJ Heng on behalf of a private syndicate
  • Adam Bandt is the Federal Member for Melbourne as well as the Parliamentary Leader of the Australian Greens, Australia’s third largest political party
  • Mr Mufale says government-leased assets are among the most desirable commercial property investments and are highly sought-after by investors

The Fitzroy headquarters of Australian Greens leader Adam Bandt has been advertised for sale, with price expectations north of $3 million.

The 240sqm strata unit is located on the ground floor of 142 Johnston Street, near Brunswick Street, and is leased to the Commonwealth of Australia on a fresh five-year lease with an annual fee of $165,000.

The transaction is being managed by CBRE’s Nathan Mufale, Alex Brierley, Scott Hawthorne and JJ Heng on behalf of a private syndicate and comes amid significant investor demand in government-leased assets.

Adam Bandt is the Federal Member for Melbourne as well as the Parliamentary Leader of the Australian Greens, Australia’s third-largest political party. He was re-elected to a fourth term in 2019 and has the third-largest margin of any Australian MP.

Mr Mufale said Government-leased assets were among the most desirable commercial property investments and were a highly sought-after asset.

“Income-producing assets underpinned by quality tenants and long leases are highly sought after by opportunity-starved domestic, interstate and international investors in the current environment,” he said.

Mr Brierley echoed these statements, adding that this property was an ideal investment for buyers seeking a risk-free income stream.

“We’re anticipating strong interest given the Commonwealth of Australia underpins the income, sharing similarities with a government bond,” he said.

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