By Nicole Lindsay

Copyright brisbanetimes

Some pundits note the land alone – 6071 square metres – is worth $100 million, and the cost of building the office anew would be about $200 million.

“If the building was vacant, it would be worth more,” Capital Gain was told.

The building is already home to Lew’s Century Plaza on level seven, but has four empty floors that could house some of his many businesses. The 20,184 sq m building recently scored a $6 million makeover.

Lew already owns two other buildings on the boulevard – the eight-storey 457 St Kilda Road, which Lew bought for $55 million in 2016, and its neighbour at No. 425, which houses Playcorp.

Records show Lew bought No. 425 in 1987, paying $8 million. Apparently it’s in dire need of a renovation – or demolition. He declined to comment on his plans.