HERITAGE Victoria noted artwork at the ground level of a nondescript, low-rise office building at 108 Flinders Street will be moved, and reinstalled into the ground level of the city’s next major apartment building. Fender Katsalidis Architects, a boutique architect collaboration headed by designers Karl Fender and Nonda Katsalidis, have proposed a new tower for the site which would offer views of Birrarung Marr, Federation Square and the Flinders Street rail yards – another city site earmarked for redevelopment. Rising 12 levels, and due for completion in 2012 the development will include 189 apartments starting at $345,000 for a one bedroom unit and $535,000 for a two bedroom flat. The proposal will see a new restaurant built at the end of AC/DC Lane, which this site backs onto. [...]
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WESFARMERS owned Coles Group is speculated to be paying around $13 million for an as-yet-undeveloped, approximate 4200 square metre supermarket in the ritzy Bay Street, Brighton retail strip. Sources say Coles is purchasing the space off ASX listed Abacus Property Group, which is proposing a mixed use village for the site on the south-west corner of Male Street. The property, for a couple of years now a block of dirt behind a fence, was earmarked for a $38 million office and retail complex, however it’s understood a new complex with a residential component is now proposed. [...] Saturday 18th September 2010 Total Properties: 291 Sold: 189 Withdrawn:4 Cleared: 64% Total Sales: $113,902,000 Median: $615,000 Suburb Address Type Price Result Abbotsford 25 Raphael St 2 br h $661,500 SP Aberfeldie 4/45 Combermere St 2 br h $395,000 S Airport West 40 McNamara Av 3 br h $713,000 S Albert Park 9/122 Beaconsfield Pde 1 br u $406,000 S Albion 27 Norwood St 3 br h $368,000 S Altona North 23 Hatherley Gr 3 br h $526,500 S Altona North ?/3 Hendren Av 3 br t N/A PI Altona North 51 May St 4 br h $690,000 SP Ascot Vale 235 Ascot Vale Rd 4 br h $915,000 PI Ascot Vale 7 Geddes St 2 br h $747,000 S Ashburton 17 Vears Rd 3 br h N/A SN Ashburton 2/40 Victory Bvd 3 br t $830,000 S Aspendale 41a Laura St 3 br t N/A PI Aspendale Gardens 3 Llewellyn Av 3 br h N/A PI Attwood 3 Lockhart Av 4 br h $610,000 S Avondale Heights 10 Westminster Dr 3 br h $555,000 S Balwyn 12 Naroo St 4 br h $1,750,000 VB Balwyn North 313 Belmore Rd 4 br h N/A SN Balwyn North 22 Sweyn St 3 br h $1,000,000 VB Beaumaris 174 Tramway Pde 2 br h $1,010,000 S Bellfield 28 Griffiths St 3 br h $685,500 S Bentleigh 9/28 Clairmont Av 3 br t $520,000 VB Bentleigh East 55 Barrani St 3 br h $960,000 S Bentleigh East 11 Bessie St 4 br h $930,000 S Bentleigh East 2/127 East Boundary Rd 2 br u $450,000 VB Berwick 1/9 Lydia Mary Dr 3 br h N/A PI Black Rock 6/56 Red Bluff St 2 br t $525,000 S Blackburn 2/460 Middleborough Rd 2 br h $485,000 S Blackburn South 10 Sylvia St 3 br h N/A PI Box Hill North 3 First Av 4 br h $660,000 VB Box Hill North 43 Tyne St 3 br h $711,000 S Box Hill South 928 Canterbury Rd 3 br h $1,735,000 S Brighton 58 Elwood St 5 br h $2,050,000 VB Brighton 1/32 Loller St 3 br u N/A PI Brighton 24 Pine St 3 br h $1,210,000 S Brighton East 5 Bright St 3 br h $1,420,000 S Brunswick 71 Garnet St 2 br h $690,000 PI Brunswick ?/4os Lane 3 br t N/A PN Brunswick 4 Obrien Sisters La 3 br t N/A PN Brunswick East 23 Eddy St o res $414,000 S Brunswick East 7 Elesbury Av 2 br t $643,000 S Bulleen 2/9 Kampman St 3 br t $825,000 S Bundoora 20/60 Nickson St 2 br u $372,000 S Bundoora 29/2 Shoalhaven St 2 br h $375,000 S Burwood 247 Highbury Rd 3 br h N/A SS Burwood 6 Newbigin St land $1,150,000 VB Burwood 30 Roslyn St 4 br h $861,000 SP Camberwell 2/24 Seville St 2 br u N/A SN Carlton North 119 Curtain St 2 br h $610,500 S Carlton North 2/912 Drummond St 1 br u $310,000 S Carlton North 566 Station St 3 br h $880,000 S Carnegie 3/57 Mimosa Rd 2 br u N/A SN Caroline Springs 23 Elsternwick St 5 br h N/A PI Carrum Downs 74 Carrum Woods Dr 4 br h N/A PI Carrum Downs 10 Tern Ct 3 br h $280,000 VB Chelsea 2/61 Thames Prm 2 br u $350,000 S Cheltenham 64 Devon St 2 br h $665,000 S Cheltenham 1/5 Hall St u $550,000 S … [...] INTERNATIONALLY established surf wear brand Quiksilver has chosen Port Melbourne as a base for its metropolitan operations. The Torquay based company has signed a seven year lease for a 413 square metre double storey showroom within the Port Green Business Park at 67 – 77 Wharf Road near the Todd Road exit of the West Gate Freeway. The Quiksilver lease enabled the new building to sell to an interstate investor for $1.72 million, and on a yield of just under 7 per cent. [...] ONE of Melbourne Dockland’s most prominent, but undeveloped sites, will be converted into a Bunnings store. The Wesfarmers subsidiary will pay the owner of 263 – 313 Spencer Street rent, to convert the 10,400 square metre building into a Bunnings. The site sits between thousands of apartments, recently developed or under construction around the Docklands-CBD border. The deal is part of a $400 million expansion by Bunnings across Australia and New Zealand, according to the AFR which reported the Docklands lease. [...] THE Melbourne CBD skyline will have a Eureka of the north, if a proposed 90-storey skyscraper is granted approval, on part of the former Carlton and United Brewery site, in Carlton, and on the cusp of the city grid. The building will include 800 apartments and soar 280 metres, making it slightly shorter than the landmark Eureka tower, in Southbank – which rises 89 levels and has 550 apartments. Dubbed by developer Grocon as the DCM building, in honour of architect firm Denton Corker Marshall, the land had originally been earmarked to become an office building, before the economic downturn. Grocon owns a majority of the undeveloped site, hidden behind bluestone walls. It bought the 1.6 hectare site from RMIT for $39 million in 2006. RMIT retained a small portion of the block. [...] A 151-year old pub, believed to be one of Williamstown’s oldest surviving public buildings, is being sold as an investment. The former Williamstown Post and Telegraph office at the junction of Parker and Cole streets is leased to Santorini restaurant which pays annual rent of $86,357. It’s expected to sell for about $1.5 million, reflecting a yield of about 5.8 per cent. Knight Frank’s Ken Smirk and Compton and Green will auction the historic commercial property next month. [...] A LUXURIOUS homestead near Wilsons Promontory – occupied by Crown-Prince Frederik of Denmark during the Olympic Games and immediately after he met his wife-to-be, Mary – has hit the market. The Waratah Park Country House has been fitted out as a high end, six-bedroom country club and is asking $1.65 million. An adjoining parcel of land with a 54-lot residential subdivision is for sale asking $1.5 million. John H Castran director John Castran is the marketing agent. [...] COLONIAL First State pocketed $14 million this week from the sale of a portfolio of shops opposite its sizeable Forest Hill Chase Shopping Centre in Melbourne’s east. They Sydney-based developer and fund manager offloaded 18 of the 23 shops listed for sale, and after a campaign targeting mum and dad investors. The sold shops range in size from 50 square metres to 500 square metres, and traded for between $350,000 and $2.5 million, and on yields of between 3.78 per cent and 8 per cent. [...] AUSTRALAND has reaped $15 million from the sale of three industrial warehouses in the western Melbourne suburb of Derrimut. On the other side of town, at 635 Waverley Road in Glen Waverley, a private investor has paid $9 million for a 2.8 hectare site that included a 15,021 square metre office warehouse. The sales, reported in the AFR, come as private investment group Eang and Taing put 100 hectares of englobo land to the market at 496 – 523 Frankston Dandenong Road in Dandenong South. Based on a price expectation of $250 per square metre, the site would trade for about $250 million. [...] |
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