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Iconic Campari Restaurant For Sale, Melbourne

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Tuesday, 21 August 2012 12:07

THE Dubai-based investors who in 2009 paid about $4.8 million for landmark city restaurant Campari, are relisting the asset for sale.

The renovated 800 square metre, four-level retail space at 23-25 Hardware Lane opened as Campari in 1968 but closed for a period before opening again in August 2009.

The vendors purchased the site from restaurateur Nick Zampelis, who paid $1.46 million for it in 2000. Mr Zampelis operated from the premises for a couple of years before leasing it to other occupiers. The current tenants, Australian Pacific Hospitality Management are behind other local dining institutions including Scusa Mi in Southbank.

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Prominent Fitzroy Site Set to Become Major Mixed Use Village, Melbourne

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Thursday, 23 August 2012 09:03

A SUPERSIZED block in bohemian Fitzroy is expected to make way for an $80 million-plus mixed use development after selling off-market to a developer.

On the north-east corner of Johnston and Gore streets, the 2122 square metre site sold for more than $8 million reflecting a land rate per square of some $4000.

Close to the corner of the Smith Street retail strip the former warehouse at 239-247 Johnston Street have been occupied in recent years by retail users including homewares and replica furniture store, The Dogs Breakfast Trading Company.

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Bendigo's Largest Ever Single Capital Works Project Complete

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Friday, 24 August 2012 00:00

BENDIGO’s largest ever single capital works project opened on time and on budget late last month.

The $14.9 million Edward Street car park and office complex includes 1800 square metres of commercial space, the majority of which has been leased by State Trustees as its new regional office.

Hidden behind a distinctive façade and occupying four levels of the five-level building is a 420 bay car park. This facility – the only secure car park in Bendigo with 24/7 access for reserved customers - also uses new Licence Plate Recognition software to monitor vehicle access.

 

International Entertainment Giant Told to Sell Prominent Former Moonee Ponds Market Site, Melbourne

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Thursday, 23 August 2012 00:56

MOONEE Valley City Council has demanded international entertainment giant Reading Cinema sell a prime piece of Moonee Ponds land after it “wasted a one in 100 year building boom”.

The former Moonee Ponds Market in Hall Street, now an open air car park, was permitted in the mid-1990s to become a major $40 million cinema-based complex and shopping centre. So big was the proposal, rival Hoyts which manages cinemas at the nearby Highpoint Shopping Centre, challenged in court to halt the development.

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FKP Opens Up Prominent Melbourne CBD Corner

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Wednesday, 22 August 2012 00:53

QUEENSLAND born, Sydney based property developer and investor FKP has opened up the ground retail level of a CBD office building occupying the prominent south-west corner of Lonsdale Street and Hardware Lane.

After being used as a non-retail break-out area by students at Taylors College for years, the 280 square metre space, formerly identified in the street by its dark tinted window-film, has been sub-leased to a unique new business which hopes to make an impact on Hardware Lane, considered one of the city’s highest character strips.

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Tasmania's Pub in the Paddock For Sale, With Drinking Pigs

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Monday, 20 August 2012 14:30

TASMANIAN tourist attraction the Pub in the Paddock is for sale asking $800,000.

The pub, run by Anne Free and renowned for its beer drinking pigs, is in the state’s north-east.

Built as the St Columba Falls Road hotel in 1880, and licensed since 1901, the pub also includes six guest rooms which derive rental income of $75 per night. On three hectares with South George River frontage the property also includes a 100-seat restaurant. A set of pigs, famous for being welcomed in the pub for a drink, are included in the sale price.

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Victorian State Government Reaps $16 Million From Education Sites

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Monday, 20 August 2012 08:37

AS TEACHERS and the cashed-up education unions bully for more pay, the cash-strapped Baillieu government has been forced to sell two prime assets including the landmark former Kangan TAFE in Gwynne Street Richmond, expected to one day make way for a  $200-million plus mixed use village.

In a busy week for school sales and listings, the state has reaped $9.25 million for the 7637 square metre inner-east site which will cease operating as a Kangan next March.

The Business 1 zoned property (aerial pic, right) is heralded as the largest commercial development site to sell in Melbourne this year measured by value – but it’s estimated the property could have been worth more than $20 million should it have sold with a more flexible zoning allowing for residential redevelopment.

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