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Flinders Caravan Park Sells to Developers For $6.21 Million

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Thursday, 12 August 2010 00:34

Flinders ForeshoreANOTHER winter, and another coastal caravan park has parked itself into the hands of a builder.

This time on the Mornington Peninsula, an as yet undisclosed developer paid $6.21 million at auction last Sunday for the Flinders Caravan Park, about 90 minutes by car from town.

The two hectare site was sold with a lease to the existing occupiers until next June.

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UGB Changes Great For Truganina Sale Campaign

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Sunday, 15 August 2010 00:13

Truganina siteTHE 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.

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UGB Changes Great For Truganina Sale Campaign

PDF Print E-mail
Sunday, 15 August 2010 00:13

Truganina siteTHE 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.

Read more...
 
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