Apartments planned for Saint Cloud site on South Yarra bluff

FIVE years since it was first listed for sale, the owner of South Yarra’s reportedly largest – and arguably one of its most prominent – residential land holdings, is seeking a permit to build apartments.

If approved, a major complex rising five levels above a garage, and containing 12 apartments and 28 car spaces will replace the distinctive Saint Cloud estate, at a bluff at the top of  tree-lined Kensington Road, and sloping down to Alexandra Avenue and the Yarra River.

The 5600 square metre site currently includes a 929 square metre, semi-circle, white mansion, built about 20 years ago, and visible from the Monash Freeway near Gunn Island.

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Flight Centre to Retain St Kilda Road Office Building

HAVING reported a strong six-month profit of $51.5 million last week, Flight Centre Limited has confirmed it will hold onto a St Kilda Road office it purchased at the peak of the commercial property boom in 2007, and then renovated.

Flight Centre Limited’s Haydn Long confirmed the group will retain the 11-level office it occupies and leases to tenants, at 436 St Kilda Road.

The building was put to the market last April with a price tag of between $25 million and $30 million, and after the economic downturn had grounded property markets.

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News Limited to sell Blackburn’s former Leader Newspaper office

NEWS LIMITED can expect to make about $12 million from the sale of an outgoing eastern suburbs office site, used for years by its Leader Newspaper staff.

The prominent 8,767 square metre site, on the corner of Whitehorse Road and the busy Railway Parade, in Blackburn, has a total road frontage of 162 metres.

One sixty Whitehorse Road could make way for several types of projects including medium and high density apartments, or offices, with ground floor retail.

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Barristers’ Chambers buys Owen Dixon Chambers West

IT may have taken 23 years, but Barristers Chambers Limited has finally got its hands back on a prominent CBD property at the centre of Melbourne’s court precinct.
 
BCL, which is owned by the Victorian Bar Council, has paid $54 million, plus GST, for the Owen Dixon Chambers West office building at 525 Lonsdale Street, which it has occupied since 1986.
 
The purchase marks the end of a tumultuous 30-year association between the site, and BCL, which amongst other things, aims to provide members of the Bar with accommodation in close proximity to the Courts.

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FKP Launches Aerial, at Camberwell Junction’s Former Henley Honda Site

Aerial CamberwellTHE site that became the subject of a messy planning dispute between Melbourne’s most ambitious planners, and arguably its most conservative council – is ready to be developed.
 
Last Thursday, Sydney-based developer FKP officially launched Camberwell’s Aerial project, to be developed on the former Henley Honda site at the busy Camberwell Junction.
 
The proposal will include two nine-level glass apartment towers with 144 units, a 14-level glass office building and a shopping centre. Aerial is due for completion in 2012.

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Heritage Victoria authorises the dismantling of Melbourne’s oldest house, to make way for townhouses

HERITAGE Victoria has authorised the dismantling and removal of a ramshackle Williamstown home which was added to the Victorian register just two years ago for being Melbourne’s oldest house.

The Aitken Street site where the house has sat since it was built in about 1842, is expected to make way for a townhouse and apartment project.

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Underworld home mortgaged, burnt

Judy MoranTHE ASCOT vale home of underworld matriach Judy Moran has been suspiciously burned by fire.

Police were called to the Ormond Road house at about 11pm last night, and just hours after Ms Moran was charged as an accessory for the murder of brother in law Des Moran, in the nearby Union Road shopping strip.

Neighbours reported hearing several gunshot-sounding explosions at Ms Moran’s Ascot Vale house at about 10:45pm, before fire engulfed the front of the 1930s brick property.

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Shane Warne spends $3.35m in Sandringham

Shane WarneSPIN King Shane Warne and partner Simone are understood to have paid $3.35 million for a rundown bayside property they plan to demolish and rebuild.

The Victoria Street home sits on a 2,694 square metre block and includes a 70 year old, 4-bedroom clinker brick home. Any development of the site would offer water views, though Port Phillip is more than a kilometre away.

Any new home is expected to include a swimming pool and tennis court, as the Warne’s were accustomed to at a Middle Crescent Brighton home they sold a few years ago after separating.

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Minogue family reweights Melbourne property portfolio

Kylie MinogueTHE Minogue family continues to reweight its substantial property portfolio.
 
Ron and Carol Minogue, the parents of pop princesses Danielle and Kylie, and cameraman Brendan, are understood to have made close to $2.5 million from the sale of two adjoining shops with redevelopment potential in Canterbury’s charming Maling Road retail strip.
 
The shops are leased to boutique homewares and furniture retailer Maison on Maling, and gourmet deli Wilson & Walsh Specialty Provenders – which between them pay an annual rent of almost $100,000. Based on the speculated purchase price, the shops sold on a low 4 per cent yield.

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Jason Donovan, Kylie Minogue Former Australian Homes For Rent

Jason Donovan and Kylie MinogueTHE TOORAK home until recently owned by entertainer Jason Donovan has come onto the market, as a rental.
 
The UK-based Donovan sold the 4-bedroom English style home at 1 Torresdale Court early last month for about $2.7 million, pocketing a nifty profit on the $1.2 million he paid eight years earlier. Marshall White is now marketing the property for lease at $1,500 per week.

Donovan, with partner Angela Malloch and their two children, will live full time in Notting Hill where the actor has landed a role in the London stage version of Priscilla, Queen of the Desert. The family is expected to eventually buy a smaller Melbourne base.

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Eastern Golf Club to be sold for housing

Tullamore Homestead, Eastern Golf Course, DoncasterEASTERN GOLF Club board members will sell their massive Doncaster golf course, paving the way for a mixed use development of bulky good shops, offices, apartment towers and houses, with a potential end value of more than $1 billion.
 
The 48-hectare property, accessed by more than 12 suburban streets, is expected to sell for about $100 million to a developer, which sources expect will capitalise on the prominent Doncaster Road frontage with commercial and high density residential buildings, and subdivide what is currently an 18-hole golf course, into more than 1,000 housing lots.

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