Hill of Content bookshop gets the good word as investor buys CBD building

webnexttech | Hill of Content bookshop gets the good word as investor buys CBD building

The property was passed in at auction last month on a vendor bid of $5.7 million, and the possible ouster of the Hill of Content prompted an outcry among Melbourne book lovers. Nick Peden, JLL Melbourne’s director of capital markets, said the new buyer was a passive investor who intended to hold the property long-term as a family asset. “They just want it leased and they want it to produce an income,” he said. “There’s every chance that [Hill of Content] will remain. They’ve been a really, really good tenant for a really long time, so there’s no reason why that wouldn’t continue.”

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