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St Kilda's Former George Cinema For Sale

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Wednesday, 18 July 2012 06:30

THE space where iconic St Kilda cinema The George thrived in the 1990s, before struggling financially in the earlier part of this century and then closing, is for sale.

Still known locally as The George Cinemas despite the site re-opening (for two weeks) as Cinema Aurora in 2010, the 1142 square metre space over two levels includes a multi-level car park, and liquor licence. It also includes a newly fitted candy bar and foyer.

Being sold with vacant possession, the space has the potential to earn about $400,000 in annual rent, according to the selling agent Chris Muller, of Wilson Port Phillip who is expecting interest from owner occupiers and investors. The former cinema is expected to fetch about $2.75 million.

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Outgoing Foxtel Studios For Lease, South Melbourne

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Wednesday, 18 July 2012 05:55

ANOTHER media company is shuffling its Melbourne offices.

This time in the city fringe, Foxtel is leaving its 10-year home at 47 City Road, Southbank and relocating to part of the former Channel Seven headquarters at the north-west corner of Dodds and Dorcas streets in South Melbourne.

Channel Seven, like rival Nine, have relocated many production functions to Docklands. Its former Dorcas Street headquarters is being part being developed as an apartment village.

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Former Mooroolbark Primary School, Melbourne, Sold to Developers

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Wednesday, 18 July 2012 04:30

DEVELOPER Three Pillars has bought another disused education facility in Melbourne’s outer east.

This time, in Mooroolbark, the builder has paid the Department of Education and Early Childhood Development $4.6 million for a 1.9 hectare former school, expected to be replaced with a new housing estate.

The former Mooroolbark Primary School at 1-5 Central Avenue, about 31 kilometres from town, was listed for sale by Jones Lang LaSalle’s Dominic Gibson and Matthieu Lucas. The state government, which listed the school for sale last November, accepted a long seven month settlement.

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The Knox School to Sell Prominent Phillip Island Boys Home, Latest in String of Schools Playing Property Developer

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Sunday, 08 July 2012 00:25

EASTERN suburb college The Knox School is the latest educator looking to play property profiteer.

This time, in the quiet hamlet of Newhaven (pictured, right), about a two hour drive south of the CBD, Knox has won permission to build what will be privately owned apartments and townhouses in and around a historic chapel on an exclusive 1.4 waterfront block overlooking the mainland.

Knox bought the Forrest Road property in 2004 promising to re-invent the site into a specialist campus for its Wantirna South students.

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Baillieu Government $5.5 Million Richer After Parkville Police Station Sale

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Friday, 06 July 2012 00:21

THE cash-strapped Baillieu government is some $5.5 million richer after selling a prominent Parkville property to developers.

The former Parkville police station at 155 Royal Parade was listed for sale after the boys in blue relocated to a new four-storey facility in Wreckyn Street, North Melbourne.

On an 1802 square metre block and with two street frontages (see aerial picture, right), the site is expected to be replaced with an apartment complex exploiting unobstructed park views. It is unknown whether an original station building, developed in 1878 will be retained as part of the redevelopment.

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Circus Oz to Quit Port Melbourne For Collingwood in Spring, 2014

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Thursday, 05 July 2012 06:17

IT WILL be the end of an era in Port Melbourne next spring, when Circus Oz plans to cross town.

The unique business, one of only four in Australia supported as an ‘international company’ by both the state and federal governments – will relocate to a Skills Victoria owned site at 35 Johnston Street in the inner north-east suburb of Collingwood.

The circus’s outgoing Port Melbourne headquarters at 40 Bay Street is on crown land but may be sold down the track, as it fills a major gap separating the popular retail strip, from the beach.

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Troubled Truck Giant's Melbourne Headquarters For Lease

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Wednesday, 04 July 2012 00:12

THE Sunshine West headquarters of troubled trucking company 1st Fleet, which shut its doors last month, has quietly been listed for lease by its ASX-listed owner, Valad Property Group.

The purpose built transport and warehouse facility in Strezlecki Avenue, abutting Kororoit Creek which is also the Brooklyn suburb border, measures about 7100 square metres. On a 2.4 hectare block (pictured, right), the facility also includes expansive concrete hardstand for truck access and parking.

1st Fleet, which owns about 1000 trucks and employs about 1000 people nationally went into administration eight weeks ago.

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