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THE Paris end of the Melbourne CBD is set to see the construction of a new apartment skyscraper. The former Naval & Military Club at 27 Little Collins Street will be demolished and replaced with a 32-level tower, targeting two types of high-end buyers. Levels 15 to 25 of the new building will include 142 apartments priced from $385,000 for a one-bedroom, and $580,000 for two-bedroom apartments. Larger, luxury apartments will be developed between levels 26 and 30, where one bedroom flats start at $590,000 and two-bedroom apartments, from $1.087 million. A penthouse occupies the highest floors, while the lowest 14-levels will trade as a hotel, flanked by ground floor shops. [...]
THE timing of last week’s Urban Growth Boundary changes couldn’t have come at a better time for the syndicate of investors selling Melbourne’s biggest development site, measured by area. The massive 555 hectare site at Truganina, in Melbourne’s west, is expected to sell for $100 million – after failing to sell for about that amount two years ago, at the start of the economic downturn, and before the site’s zoning future was confirmed. “Under the rezoning the site will be a keystone property for the future development of Melbourne,” said CB Richard Ellis director Walter Occhiuto, who is selling the site with Tom Hayes, said. [...]
BECTON Property Group has finally offloaded the prominent Beaumaris Pavilion hotel and adjoining car park, in Melbourne’s south. The East Melbourne-based developer is speculated to have made about $9 million from the sale of the waterfront site, which it bought for $11 million toward the peak of the commercial property market three years ago. Becton had planned to develop a 65-unit aged care facility on the site, as part of a push into that sector. [...]
SKYSCRAPER developer Central Equity has abandoned plans to redevelop the former Kingsway Motel, in South Melbourne, and has instead listed the site for sale. The former ASX-listed developer can expect to make about $15 million for the 2092 square metre property, which includes two terrace houses, and the prominent, white, six level, 41 room motel at the north-east corner of Park Street and Eastern Road. Central Equity paid $6.25 million for the property just over three years ago, before obtaining a permit to more than double the number of apartments on the site, opposite the Latrobe Reserve. [...]
A CHINA-based developer is believed to be paying more than $100 million for what is the biggest development site put to the Melbourne market in recent years. The offshore group is expected to be announced within weeks as the buyer of Doncaster’s massive 47 hectare Eastern Golf Course, about 15 kilometres east of town. The 86-year old course is expected to be redeveloped into a $1 billion village of shops, offices, and apartments, after the club relocates to an as-yet-unbuilt development in about 2013. [...]
If you happen to live in Australia and want to engage in a land sale you need to put all things on a paper, take some important factors into consideration and when all is settled, put your plans into action. The [...]
One of the main aspects that need to be considered when buying land or property is the outlook that experts in the industry have about the location. The same applies to land in Werribee in Melbourne. If the outlook on the [...]
The new home builder in Melbourne would be well advised to talk to the professionals before deciding just what he or she wants in a home. A professional builder will be able to not only offer several solutions but also foresee [...]
Looking through Melbourne display homes is a necessary – and enjoyable – step to take before deciding on a specific style or floor plan for your new home. There is nothing quite like seeing a home all completed to understand exactly [...]
It is an exciting time of life when you are getting ready to buy or build your own home. Not only will your home be your biggest asset, it will be a place of rest and safety for your whole family [...]
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