Real Estate Source

Singapore’s listed The Straits Trading Company is paying Hong Kong based global logistics giant ESR $24 million for a Mulgrave business park. The 2.25 hectare L-shaped holding at 677 Springvale Road hit the market in July. It includes seven contemporary buildings with a total lettable area of 12,157 square metres, configured as office warehouses and

Sector Property Group has snapped up one of Huntingdale’s biggest commercial sites with plans to create a premium quality office and warehouse complex, which will be subdivided and offered for sale or lease. The first pieces of the former Acoustic Engineering Services (AES) headquarters at 26-28 Hargreaves Street – two large and high-quality warehouses –

One buyer has snared two adjoining apartment shells on the ground floor of St Kilda’s Gatwick Private Hotel – the subject of last year’s reality renovation television series, The Block. The $1.71 million deal was struck after a public auction on Saturday where the two unrenovated flats passed in for $1.62 million. When the units

A nondescript brick home in a Melbourne court beamed around the world as Ramsay Street, Erinsborough, in TV show Neighbours, sold for $1.405 million before a large crowd at auction yesterday. The $1.2855 million opening bid for 5 Pin Oak Court, Vermont South, exceeded the reserve. With the four bedroom dwelling on the market, two

Clark Kirby, who this year replaced Graham Burke as Village Roadshow chief executive, with his wife Sara, a former television presenter, have sold one of Melbourne’s most unique warehouse converted homes – in Armadale. The speculated $17 million-plus deal for the 1915 Golden Crust Bakery at 69 Sutherland Road sets a record for the suburb

A cash buyer outbid numerous other investors to snare an enormous land holding in the South Camberwell retail village. The unique site – six adjoining retail and commercial freeholds – sold for $10.05 million against $9.5 million price hopes. The incoming owner offered a (short) 23 day settlement. Covering 398-410 Burke Road, near the north

A new childcare centre investment in Melbourne’s south east Rowville has sold for $6.9 million. At 1028 Wellington Road, Greenwood Early Education Centres has signed a 15-year lease for the 124-place complex. In 2033, it can exercise options to renew until 2048. The 831 square metre purpose-built complex occupies a 3195 sqm site with 27

A permit-ready development site in Melbourne’s north east Heidelberg sold for $11.4 million this week. The incoming owner, a local developer, snapped up 104-120 Mount Street (pictured, bottom, highlighted) on a 30 day settlement. With plans for an eight-level complex comprising offices and 120 apartments (pictured, top), the 2376 square metre holding was offloaded by

The outgoing Cremorne base of Ginger Recording Studios sold to an owner occupier with other property assets in the area at auction yesterday. The single-storey brick building on a 267 square metre site at 7-11 Jessie Street traded for $2.795 million. It was at this studio Justin Bieber recorded in 2017 whilst in Melbourne for

Steller receivers have sold a high-profile corner site in Caulfield South, permit-ready for a state-of-the-art childcare centre. The 1328 square metre holding comprising 1036 Glen Huntly Road and 1A Laura Street is trading for $4.71 million. Steller paid $4.3 million for what was two neighbouring standalone homes last year, before pushing through the redevelopment application.

Luxury car dealer Nick Theodossi has found a buyer for a North Melbourne super-site opposite one of five underground train stations being constructed as part of the $11 billion Metro Tunnel project. Grocon, with the financial backing of GIC, formerly known as Government of Singapore Investment Corporation, is in due diligence for the properties –