ELEVEN years after the University of Melbourne sold its former Early Childhood Development School campus to builders, the prominent Kew building finally looks set to be redeveloped. The Madden Street campus, in the suburb’s ritzy Studley Park precinct, has been sliced and diced and sold several times over the past decade. At one stage retirement village operator Primelife controlled the site, with plans to redevelop the main imposing existing brick building into a 98-unit aged care facility, Carrington Square. [...]
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ELEVEN years after the University of Melbourne sold its former Early Childhood Development School campus to builders, the prominent Kew building finally looks set to be redeveloped. The Madden Street campus, in the suburb’s ritzy Studley Park precinct, has been sliced and diced and sold several times over the past decade. At one stage retirement village operator Primelife controlled the site, with plans to redevelop the main imposing existing brick building into a 98-unit aged care facility, Carrington Square. [...] PERTH-based Aspen Group has avoided proverbially being caught with its pants down. The investor and fund manager has signed automotive retailer Autobahn to a major eastern suburb industrial facility until recently occupied by Pacific Brands’ underwear brand Holeproof. Autobahn has signed a 15-year lease to occupy the massive 22,541 square metre facility on a 4.2 hectare block at 76 Station Street, Nunawading, off Rooks Road, near the train station and Springvale Road exit of the Eastern Freeway. [...] PERTH-based Aspen Group has avoided proverbially being caught with its pants down. The investor and fund manager has signed automotive retailer Autobahn to a major eastern suburb industrial facility until recently occupied by Pacific Brands’ underwear brand Holeproof. Autobahn has signed a 15-year lease to occupy the massive 22,541 square metre facility on a 4.2 hectare block at 76 Station Street, Nunawading, off Rooks Road, near the train station and Springvale Road exit of the Eastern Freeway. [...] EIGHT months after the Frankston City Council deferred plans to build the multimillion dollar Frankston Safe Boat Harbour, city developer Asian Pacific Building Corporation has decided to offload the area’s most prominent property. In doing so, Frankston’s most ambitious privately proposed redevelopment – the $50 million-plus Peninsula Centre – may be no more. The distinguishing 12-level building at 435 Nepean Highway – once described by comedian Barry Humphries as “the worst building in Australia” is for sale with price expectations of between $13 and $16 million. [...] EIGHT months after the Frankston City Council deferred plans to build the multimillion dollar Frankston Safe Boat Harbour, city developer Asian Pacific Building Corporation has decided to offload the area’s most prominent property. In doing so, Frankston’s most ambitious privately proposed redevelopment – the $50 million-plus Peninsula Centre – may be no more. The distinguishing 12-level building at 435 Nepean Highway – once described by comedian Barry Humphries as “the worst building in Australia” is for sale with price expectations of between $13 and $16 million. [...] Melbourne Auction Results Saturday 6th November 2010 Total Properties: 181 Sold: 116 Withdrawn: 2 Cleared: 63% Total Sales: $65,195,750 Median: $582,500 Suburb Address Type Price Result Airport West 92 Marshall Rd 3 br h N/A PI Airport West 169 Parer Rd 3 br h $520,000 S Alphington 1 Yarana Rd 4 br h N/A PI Altona North 130 Sixth Av 3 br h N/A PI Aspendale Gardens 14 Narelle Dr 3 br h N/A W Avondale Heights 8 Brown St 3 br h $565,000 S Avondale Heights 78 Montpellier Dr 3 br h $575,000 S Balwyn North 22 Ventnor St 4 br h $897,000 S Bentleigh 21 Bendigo Av 3 br h $780,000 VB Bentleigh 42 Vickery St 3 br h $1,275,000 S Bentleigh East 6/6 Brad St 2 br u $365,000 VB Bentleigh East 108/76 East Boundary Rd 2 br u $440,000 VB Bentleigh East 2/58 Moylan St 3 br u $755,000 S Bentleigh East 22 Pollina St 3 br h N/A PI Berwick 1/17-19 Wilson St 2 br h $375,000 SP Blackburn North 11 Southey St 4 br h $800,000 S Blackburn South 33 Hunter Dr 3 br h $664,000 S Boronia 49 Valerie St 3 br h $420,000 S Braybrook 34 Lily St 2 br h $478,500 S Braybrook 49 Ruby Wy 4 br h $4,601,500 S Brighton 1/66-68 Bay St 3 br t N/A SN Brighton 8/30 Brickwood St 2 br h $556,000 S Brighton 64 St Andrews St 4 br h $1,775,000 VB Brunswick 11 Eveline St 2 br h N/A SN Brunswick 2 Saxon St 3 br h $535,000 S Bulla 81 Bulla Rd 3 br h $650,000 S Bulleen 17 Pilbara Mw 4 br h $1,210,000 S Burwood 8 Ellen Ct 3 br h $620,000 S Burwood East 52 Lenna St 3 br h $695,000 S Carlton North 810 Drummond St 5 br h N/A SN Carnegie 82 Neville St 3 br h $785,000 SP Carrum Downs 8 Ella Paige Pl land $160,000 SP Caulfield South 17 Russell St 2 br t $752,000 S Chelsea 3 Inga Ct 3 br h $442,000 S Chelsea 55 Swan Wk 3 br h $600,000 S Chelsea 9 The Strand 4 br h $1,200,000 SA Clayton 21 Dennis St 6 br h $700,000 VB Clayton South 65 Main Rd 3 br h $592,000 PI Coburg 5 Batman Av 2 br t $491,000 S Coburg 72 Berry St 2 br h $635,000 SP Coburg 34a Rose St 3 br t $660,000 VB Coburg North 3 Shorts Rd 2 br h N/A SN Collingwood 10/122 Sackville St 1 br u $347,500 S Collingwood 3/108 Smith St 1 br u $530,000 S Cranbourne 2/21 Bowen St 2 br u $195,000 VB Cranbourne 14 Gracehill Mw 3 br h $318,500 S Cranbourne West 55 Breens Rd 4 br h $344,500 S Dallas 138 Dallas Dr 3 br h $280,000 PI Dandenong 19 Ingrid St 3 br h $392,500 S Dandenong North 23 Rawdon Hill Dr 3 br h $400,000 VB Deer Park 6 Bayliss Rd 4 br h N/A PI Deer Park 61 Neale Rd 4 br h $435,000 S Eltham 38 Lavender Park Rd 3 br h N/A SN Eltham North 27 Brixton Av 2 br h N/A SN Elwood 45 Dickens St 4 br h $3,535,000 S Elwood 2/27 Ruskin St 2 br u $821,000 S Epping 52 Hammond Dr 3 br h $350,000 PI Fawkner 28 Marlborough St 2 br h $411,000 PI Fawkner 7 … [...] NETWORK Nine executive director Jeff Browne has purchased a four-bedroom apartment in one of South Yarra’s most controversial developments. Tresor, on the corner of Chapel Street and Alexandra Avenue, opposite the Yarra River, will replace a Lamborghini dealership and include 99 apartments over 14 levels. The development faced opposition from Melbourne High School, whose campus abuts the site, and entrepreneur Lindsay Fox, a former student who uses the school’s helipad. [...] PRIVATE developer Clement Lee has paid an as-yet-undisclosed sum for a prominent riverside piece of Melbourne’s central business district. Months after paying the state government $40 million for the former convention centre, Mr Lee has acquired control of a 12,386 square metre block known as North Wharf. The block is opposite the South Wharf project, near the Seafarers Mission building and several other office investments Mr Lee owns. [...] MELBOURNE’s next public housing tower – a 10-level, 98-unit complex opposite Doncaster Shoppingtown – has reached its full height. A “topping” ceremony will be held this Thursday to celebrate the suburb’s new landmark – with Minister for Social Housing and Homelessness (and Sport and Indigenous Employment and Economic Development) Mark Arbib likely to attend. State government representatives, and the developer, Bendigo-based not-for-profit group Loddon Mallee Housing Services will also be there. The 95 – 99 Tram Road affordable housing complex is being funded using money from the Commonwealth Government’s Nation Building Economic Stimulus which aims to deliver 4500 new rental homes for low income earning Victorians. [...] |
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