SET YOUR CAP FOR GAIN

Entrepreneurs who want to own and occupy a strata office may be tempted by the bragging rights of a Collins Street space that hit the market this week for $2 million. The 300 square metre office occupying all of level 22, 15 Collins Street, in the ‘Paris End’, is according to the selling agents, the highest commercial strata floor developed in the Melbourne CBD. The penthouse office, with protected views, two car parks and two balconies, is being marketed by Frank Vinci and Joseph Carbone, directors of private advisory Vinci Carbone. It is next door to the landmark Collins Place twin office towers. “In the current interest rate climate it makes a great deal of sense for businesses to own their premises,” Frank Vinci said. “With a property such as this, the funding costs on the whole purchase amount would be less than the cost to rent the premises from a third party landlord, while also enjoying all the capital gain that the property will enjoy over the life of the investment.