WILLIAMSTOWN’s contaminated gasometer site, south west of Melbourne, sold to a developer for a speculated $3.5 million before a scheduled auction, earlier this month. The new owner is expected to undertake remediation works before marketing a residential project, likely after 2012 sources say. The spectacularly located 3583 square metre site at 87 – 93 Stevedore Street, near Williamstown’s retail centre, and the waterfront, abuts an open-air car park and supermarket. [...]
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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. [...] |
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