AIRROAD Logistics will relocate its headquarters from Laverton North, to an as-yet-unbuilt 21,500 square metre office warehouse at the Paramount Industrial Estate, in nearby Derrimut, after signing a 10-year lease for an Elgar Road facility. Colliers International’s Stephen Newsham and Nathan Bingham negotiated the pre-lease for the land owner, a private investor. Sources speculate market rents at Paramount circle $57 per square metre, per annum before incentives (a rental discount offered to tenants, usually in the form of a rental discount, or contribution to fit-out). [...]
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THOROUGHBRED owner and tuna farmer Tony Santic is offloading a 1725 hectare lifestyle property in G narwarre, near Geelong. Roxby South, the 1725 hectare estate where three-time Melbourne Cup winning racehorse Makybe Diva is retired and has bred, is expected to sell for about $8 million. The estate includes several buildings, 13 dama, 14 large grazing paddocks, 450,000 gallons of water storage tanks and about 20 kilometres of post and rail fencing. [...] THOROUGHBRED owner and tuna farmer Tony Santic is offloading a 1725 hectare lifestyle property in G narwarre, near Geelong. Roxby South, the 1725 hectare estate where three-time Melbourne Cup winning racehorse Makybe Diva is retired and has bred, is expected to sell for about $8 million. The estate includes several buildings, 13 dama, 14 large grazing paddocks, 450,000 gallons of water storage tanks and about 20 kilometres of post and rail fencing. [...] Melbourne Auction Results Saturday 20th November 2010 Total Properties: 268 Sold: 153 Withdrawn: 6 Cleared: 56% Total Sales: $81,674,650 Median: $570,500 Suburb Address Type Price Result Albion 7 McLean St 3 br h N/A PI Albion 20/20 Talmage St 2 br u $210,000 SP Alphington 106 Grange Rd 3 br h $730,500 S Altona 44 Bell Av 5 br h $750,000 PI Altona North 2/45 Kyle Rd 3 br h $502,500 S Ardeer 5 Maxweld St 2 br h $356,000 S Ascot Vale 67b Warrick St 3 br h $805,000 S Ashwood 44 George St 3 br h $881,000 S Ashwood 1/8 Winbirra Pde 2 br h N/A PI Ashwood 2/23 Yertchuk Av 3 br t $602,500 S Aspendale Gardens 30 Jacqueline Dr 4 br h N/A SN Avondale Heights 56 Military Rd 3 br h $527,000 S Avondale Heights 14 Oakley Dr 4 br h $1,000,000 S Balaclava 17 Marlborough St 3 br h $850,000 S Balwyn 30 Gordon St 4 br h $1,848,000 S Balwyn 4/33 Gordon St 2 br u $505,000 S Balwyn 17 May St 3 br h N/A SN Balwyn 58 Narrak Rd 3 br h $960,000 VB Balwyn 2/10 Northcote Av 2 br u N/A PI Balwyn North 326 Balwyn Rd 4 br h $1,412,000 S Balwyn North 23 Ferdinand Av 5 br h $1,415,000 S Bayswater North 34 Kalawar Av 3 br h N/A PI Bellfield 123 Liberty Pde 2 br h $554,000 S Bentleigh 2/332-338 Centre Rd 2 br t N/A PI Bentleigh 1/7 Uonga Rd 2 br h $571,000 S Bentleigh 40 Vickery St 3 br h $751,000 S Bentleigh 2 Vunabere Av 3 br h $752,000 S Bentleigh East 1a Eastview Cr 3 br t $650,000 VB Bentleigh East 11 Kalimna St 3 br h $640,000 VB Bentleigh East 25 Ludwell Cr 3 br h N/A PI Bentleigh East 6 Majdal St 3 br h $640,000 S Bentleigh East 6 Vasey St 4 br h $690,000 VB Berwick 14 Emmett Av 4 br h $470,000 VB Black Rock 73 Stanley St 4 br h $1,020,000 VB Black Rock 2 Tandara Ct 4 br h $1,180,000 VB Blackburn North 28 Shafer Rd 3 br h $690,000 VB Blackburn South 16 Monash Gr 3 br h $739,000 S Bonbeach 10 Cirrus St 4 br h N/A PI Boronia 2/3 Pascoe Rd 3 br u N/A PI Box Hill North 66 Eram Rd 3 br h $550,000 S Box Hill South 2 Douglas Av 3 br h N/A PN Box Hill South 280 Elgar Rd 3 br h $700,000 S Box Hill South 25 Wellard Rd 3 br h $695,000 S Briar Hill 2/17 Springfield St 3 br h $441,000 S Brighton East 33 Union St 2 br h $850,000 VB Broadmeadows 11 Cornell Cl 4 br h N/A PI Broadmeadows 110 Cuthbert St 3 br h $540,000 SP Broadmeadows 128-130 Cuthbert St 3 br h N/A PN Broadmeadows 2 Wharton Av 3 br h N/A PI Brunswick 6/48 Davies St 2 br u $452,000 S Brunswick 14 Stewart St 3 br h $871,000 S… [...] IT IS out with the old and in with the new at an increasing number of council planning meetings – with another site once earmarked to become a retirement village winding up in the hands of residential developers, which have had reconfigured projects approved. This time, near the Phillip Island retail township of Cowes, AMP Capital Investors has sold out of a $40 million aged-care based village it earmarked for 26 hectares of former farmland on Ventnor Road. The new owner, a residential developer is now proposing a standard “house-and-land package” based redevelopment, Whyte Sands. Greg Price of selling agency Alex Scott says the reinvented project will yield about 300 lots and be developed over four years. [...] CHINA based builder Sunnyland Investment Group has paid about $40 million for a major St Kilda Road development site which has the potential to yield at least two major apartment skyscrapers, and a ground floor shopping centre. The purchase continues a trend of Asia-based investors swooping on inner-city sites and exploiting the state government’s problematic Melbourne @ 5 Million planning policy which encourages higher density redevelopment around existing roads and public transport – a strategy that hasn’t gone unnoticed to stressed drivers, bus and rail commuters in this election campaign. Sunnyland’s latest acquisition is of the Clemenger BBDO House office at 472 – 474 St Kilda Road, on the south-west corner of Leopold Street. [...] LOCAL builder and fund manager Salta Properties is selling another asset, this time in Melbourne’s west. The 1.3 hectare industrial site with a 6800 square metre office in Westgate Drive, Altona North, is fully leased to Toyota Australia which uses the property to prepare motor cars for its national staff. Beller Commercial director Fred Nucara is expecting about $5 million for the asset. Based on the asset’s annual rental return of $510,000, that would equate to a yield of about 10 per cent. [...] GIVEN the increasing number of apartment dwellers calling Melbourne’s inner north home, a “direct” trip between the Tullamarine and Eastern freeways – via the zoo and cemetery – can now consume motorist’s an hour, or more, largely because of amplified traffic congestion. But it would appear in government planning meetings, bottlenecks like that around Elliott Avenue, Macarthur Road and the University of Melbourne have received less consideration than other crisis-ridden road systems – like the ones in suburbs between Seaford and Mt Martha where the $759 million (and many say unnecessary) Peninsula Link was recently given the green light. Instead, the state government has appointed builder Australand to develop a major apartment compound at one of the inner-city’s last remaining vacant development sites, opposite the Melbourne General Cemetery, the University of Melbourne – and the busy roundabout that connects these two sites to Swanston Street. [...] Total Properties: 267 Sold: 150 Withdrawn: 5 Cleared: 55% Total Sales: $95,549,820 Median: $650,000 Suburb Address Type Price Result Abbotsford 130 Gipps St 2 br h $708,000 S Altona 5 Greeney St 3 br h $545,000 SP Altona 70 McBain St 3 br h N/A NB Altona 133 Railway St N 3 br h $700,000 PI Altona North 66 Chambers Rd 3 br h N/A PI Altona North 12 Dean Ct 3 br h $575,000 S Altona North 2a Delphin Av 4 br h $675,000 S Altona North 27 Joel Av 4 br h $560,000 S Altona North 6/53-55 Kyle Rd 3 br t $470,000 S Ascot Vale 16/37 Ascot Vale Rd 2 br u N/A PI Ascot Vale 5/157 Kent St 2 br t N/A PI Ascot Vale 5/40 Langs Rd 3 br t N/A PI Ashburton 19 Ambon St 4 br h $1,240,000 SP Ashburton 8 Ryland St 3 br h N/A PI Ashwood 20 Edmonds Av 2 br h $865,000 S Aspendale Gardens 12 Branagan Dr 4 br h $561,000 S Avondale Heights 17 Ridley Av 2 br h $448,000 S Balaclava 307 Inkerman St 3 br h $815,000 VB Balaclava 35 Rosamond St 2 br h $700,000 S Balwyn 5 Carrigal St 3 br h $1,066,000 S Balwyn 33 Hardwicke St 5 br h $2,000,500 S Balwyn North 41 Walnut Rd 3 br h N/A PN Belgrave South 21 Kirkham Rd 3 br h N/A W Bellfield 3 Skeffington St 3 br h $590,000 S Bentleigh 2/38 Clay Street Moorabbin 3 br h N/A SN Bentleigh 2 Sunnyside Gr 3 br h $1,160,000 S Bentleigh East 916 Centre Rd 4 br h $700,000 S Bentleigh East 757 South Rd 3 br h $610,000 PI Bentleigh East 89 Victor Rd 2 br h $692,000 S Berwick 4 Hagen Dr 4 br h $395,000 S Black Rock 42b Bayview Cr 3 br t N/A NB Blackburn 5 Peak Ct 2 br h $550,000 VB Blackburn 4a Wellington Av land N/A PN Blackburn North 2 Diana Dr 4 br h $855,000 S Blackburn North 185 Springfield Rd 3 br h N/A PN Blackburn South 5 Bermuda Dr 5 br h $690,000 VB Blackburn South 1/27 Richmond St 3 br t $672,000 S Bonbeach 4/12 Golden Av 2 br u $364,500 S Box Hill North 9 Martin St 3 br h $662,000 S Box Hill South 25 Cornfield Gr 3 br h N/A PI Box Hill South 2 Kingswood Ri 4 br t $680,000 VB Brighton 35 Cole St 3 br h N/A SS Brighton 3/17 Well St 3 br u $2,300,000 VB Brunswick 15 Lawrence St 3 br h $800,000 VB Brunswick 84 Stewart St 3 br h N/A PI Brunswick 21/178-180 Victoria St 1 br u $370,000 S Brunswick West 392 Albert St 2 br h $601,000 S Brunswick West 460 Albion St 3 br h N/A PI Brunswick West 3 Shamrock St 3 br h N/A PI Bundoora 169 Greenhills Rd… [...] EVOLVE Development, the construction company part controlled by former Fairfax chairman Ron Walker, has paid a speculated $4.5 million for a 1.6 hectare estate in an elevated pocket of Keilor, 17 kilometres north-west of town. The former family owned homestead which stretches from Faye Crescent to Green Gully Road, has been subdivided into 14 lots ranging in size from 874 square metres to 1665 square metres. They are expected to sell for an average price of $900,000. A new street – Lindsay Place – has been developed off Faye Crescent as part of Evolve’s subdivision, branded The Orchard. [...] |
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