MELBOURNE Water can expect about $6.5 million from the sale of a development site on the corner of Colemans and Frankston-Dandenong roads in Dandenong South. Being offered with vacant possession, the site is spread over 5.5 hectares and includes about 4000 square metres in building improvements. Knight Frank selling agents Martin Bourke, James Templeton and Adrian Garvey are marketing the site. Last year Melbourne Water successfully rezoned two hectares of land abutting the Arthurs Seat State Park in Dromana in a move expected to see the site attract residential developers. [...]
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 SHANE Warne and fiancee Liz Hurley (pictured, right) have reportedly spent $1.6 million on a Healesville property expected to become a family getaway – and maybe a wedding venue. The property, which sources describe as a private winery and farm, was offloaded by an elderly couple after an off-market sale earlier this year – only a couple of months after the celebrity couple and their children visited the Healesville Sanctuary for a much publicised day trip. Warne and Hurley made global headlines by confirming their relationship in late 2010. [...]  ANOTHER Wesfarmers subsidiary is playing “reluctant” property developer, by substantially improving the profitability of a prominent Doncaster site it bought to build a Bunnings warehouse. The 1.1 hectare development site, abutting the massive Westfield Shoppingtown complex, may now be replaced with a $200 million mixed use complex including a multi-level Bunnings store, car park, and 350-unit residential tower, it is speculated could rise some 20 levels. Bunnings paid $25 million for the collection of adjoining properties bound by Doncaster Road, Tower and Council streets in 2011, saying at the time the supersite would only be replaced with a hardware store, to complement the shopping centre next door. [...]  LA TROBE University is readying to sell one of country Victoria’s most charming, historic rural properties. The former Mayday Hills Hospital is spread over 100 hectares near the centre of Beechworth, and includes heritage gardens, and many classified buildings dating back to the 1860s. Built as the Beechworth Lunatic Asylum in the 1860s, and originally stretching a half-kilometre from end-to-end, the Beechworth estate, and another in Ararat, were built to cope with over-crowding at the state’s then only mental institution at Yarra Bend (Kew). [...]  SOME of Melbourne’s most influential businessmen, including active Liberal Party supporters, have defeated a developer’s plan to build a 29-level skyscraper which would have blocked Port Phillip Bay views enjoyed from apartments they own or occupy in a prestigious complex next-door. New images affecting a site at 35 Albert Road, and to be marketed as The Emerald, Melbourne, show a 19-level, 282 unit residential project (pictured, above), which will rise no higher than 60 metres. The proposal replaces a higher density, 420-unit application (pictured, above, right) which was the subject of a high profile development dispute in 2010. [...]  OPEN Universities Australia is selling its former head office, which was also the scene of the 1976 Great Bookie Robbery. The online tertiary education facility can expect to make about $4.4 million for its strata office, which includes levels one and two of the historic 131 Queen Street building. Connected by an internal staircase, and with a restored grand boardroom, each level measures 675 square metres. For years the building was owned and occupied by the Victoria Club. DTZ agent Craig Hembrow said the robbery was perpetrated in the former Club boardroom on the first level (pictured). [...]  PART of the Stoningon mansion estate in Malvern, which was once the Governor General’s residence and which many Melburnians believe should never have fallen into private hands, is being sold-down by its Chinese developer owners. Two subdivided suburban sized blocks within the former estate, which the state government effectively gave to Deakin University in the 1990s, and the university sold five years ago, are expected to fetch a combined $4 million, according to sources. Totaling 1344 square metres the blocks (a small part on the much larger marked out area, pictured) are for sale with permits for apartment complexes. But they are also being marketed to prestige buyers who might consider building just one home on the land. [...]  PLANS are afoot to redevelop a prominent former Church abutting the Coburg train station. At 146 Bell Street, Coburg, the triangle-shaped site is near the corner of Sydney Road, the Pentridge Village redevelopment, and several council-owned sites which form part of the $1 billion Coburg Initiative, one of the largest urban renewal projects outside of central Melbourne. A council spokesman said the Coburg Initiative will still take place despite the ending of a joint venture agreement with local developer Equiset last year. The project may have included sinking the Coburg train station opposite 146 Bell Street to develop a new apartment-based village above. [...]  THE Little Bourke Street building that houses popular Chinatown restaurant Shark Fin House is for sale and expected to sell for about $6.8 million. At 131 – 135 Little Bourke Street, the four-level building includes approximately 930 square metres of net lettable area, and sits on a 288 square metre block between Russell and Exhibition streets. Built in 1987, the building returns annual rent of almost $400,000, and is leased until 2018 with a ten year option. [...]  A HISTORIC CBD property, purchased by barristers almost 30 years ago, and occupied as legal industry offices since, is expected to fetch about $5 million at auction next month. Seabrook Chambers, at 573– 577 Lonsdale Street (pictured, right), was for years a warehouse facility, and later, between 1968 and 1979, home to Seabrook Wines. Built in 1854, the double-storey bluestone building includes about 979 square metres of lettable office space and sits on an approximate 411 square metre block. It is being sold with vacant possession. [...] |
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