Another Former St Kilda Rooming House to be Sold as Renovation Rescue
A CENTURY old home in St Kilda’s ritzy St Leonard’s Avenue has hit the market for the first time since the 1960s.
Hocking Stuart St Kilda’s Kehren Eade is marketing the unrenovated, three-bedroom “farmhouse-style” home at #2, on behalf of former Melbourne University and RMIT Mathematics lecturer, John Forrester, who lives there with his son and daughter in law.
Mr Eade says the property was originally a rooming house like existing and now-demolished homes at #9, and 10 – 16 St Leonard’s Avenue
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IF YOU like the idea of living at Docklands, but aren’t sold on moving to a high rise apartment – then one of a handful of terrace homes at Mirvac’s Yarra’s Edge precinct might be for you.
BECTON Property Group has finally offloaded the prominent Beaumaris Pavilion hotel and adjoining car park, in Melbourne’s south.
IN another sign yuppies are replacing the student and working class-base that once defined Parkville and Carlton culture– the Naughton’s Hotel building is being offered for lease, targeting high-end tenants that can reposition the pub as a fancy restaurant.
PENGUIN Books is understood to be in advanced negotiations to lease new offices in Melbourne’s inner west.
MACQUARIE Office Trust is about to test drive the performance of the commercial property markets, listing for sale an office investment overlooking the challenging Schumacher and Piquet bends of the F1 Albert Park race track.
COLONIAL First State is selling a suburban shopping strip, next door to its massive Forest Hill Chase Shopping Centre, in Melbourne’s east.
ONE of the year’s biggest inner-city office lease deals is believed to be taking place in Docklands.
FOR the second time this month, an Asia-based developer has purchased a prominent Victorian golf course, and is proposing to build a $55 million hotel, apartment-based complex and new 18-hole golf course, next door.
GONE are the days when St Kilda Road complexes were limited to about 12 levels.
A WEEK after music promoter Michael Coppel reaped $15 million from the sale of an under-utilised commercial building at a prominent CBD intersection opposite the State Library of Victoria – and even higher profile “corner site” has hit the market.
STAFF of the Federal Government’s divisive $43 billion National Broadband Network program – which earlier this year leased luxury offices in one of Melbourne’s few “Premium” grade office buildings – will soon have new neighbours.
THE Monash City Council didn’t want it – but Planning Minister Justin Madden did – and now one of the south-eastern suburb’s biggest public-private housing developments is set to start construction soon, in Clayton.
IT might have seemed like just another inner-city development site sale, but it’s actually the end of an era.
HAWTHORN East’s former Preshil School site has re-opened as a small, new housing estate.
IT was described as the “best bargain development site” to sell during the economic downturn, and now builder EG Funds Management is ready to cash in.
A CHINA-based developer is believed to be paying more than $100 million for what is the biggest development site put to the Melbourne market in recent years.
AFTER picking up a prominent eastern suburb development site at a particularly depressed time in the property cycle last year, fast food chain McDonalds is readying to play property developer.
LOCAL developers are believed to have paid about $20 million for an inner-city business park near the riverfront suburb border of Richmond and South Yarra.
ONE of Cheltenham’s biggest office buildings, in a convenient location next door to the massive Westfield Southland shopping centre, has sold for about $15 million to a private investor.
MELBOURNE’s biggest residential development site, measured by area, was quietly relisted for sale this week.
AUSPAC Properties has created a supersite in Footscray, after paying $6.2 million for two properties, abutting another block it already owns.
RECEIVERS for the Letten Group have recovered $13.31 million from the sale of a historic Flinders Lane office and retail building.
ANOTHER historic home in Melbourne’s ritzy east is set to be replaced with apartments.
THE list of farmers who have become instant millionaires as a result of government planners needing land for housing, has grown.
AFL legend David Parkin, and his brother Des, a medical researcher, are selling the Hawthorn home that his belonged to the Parkin family for five generations.
IN PEAK hour, in a car and behind the crammed trams – the retail strip that is Victoria Street, where Richmond meets Abbotsford can be one of the most congested roads in Melbourne to drive through.
NOTORIOUS nightclub QBH will be converted into a luxury display suite, for the Southbank riverfront’s next major apartment tower.
AND so the curtain closes on another Melbourne theatre.
CHAPEL Street wasn’t always about designer brands and snootily staffed cafes.
DEVELOPERS and land owners are rubbing their hands with excitement at the prospect of a roundabout being developed at the Avenue of Honour in Bacchus Marsh, north-west of Melbourne.
DESPITE a job in which driving luxury cars is a perk, Ultra Tune boss Sean Buckley doesn’t want to travel for too long, to get to work.
Prestige builder Glenvill Projects Pty Ltd is speculated to be paying about $15 million for the former Joshua Pitt leather manufacturing site which spreads over two streets and 13,450 square metres of prime real estate in Melbourne’s inner-north.
CHARTER Hall is set to start building a $75 million housing estate on part of Nylex’s former industrial products manufacturing and distribution complex in Mentone, a site which it has snapped up in stages over the past four years.
MELBOURNE-based developer Buxton Group has been revealed as the buyer of a prominent St Kilda development site near the Acland Street shopping strip.
DOCKLANDS next major apartment tower is set to take shape at 815 Bourke Street.
A PROMINENT eastern suburb site, once owned by members of the Myer family has sold to an overseas investor and is set to be rebuilt as a $100 million mixed use village of shops, offices and apartments.
WARRNAMBOOL based developer Graeme Schultz can expect to make about $12 million from the sale of a 75-room resort on Victoria’s Great Ocean Road.
PRIVATE investment group Nikos Property Group is believed to be making its second foray into the St Kilda Road office market.
A SURGE in the number of Chinese visa applications has forced the Chinese Embassy to lease new offices specifically for the Chinese Visa Application Service Centre division.
THE Victorian Government will offload a prominent asset on the banks of the Yarra River, at the junction the CBD meets Southbank and Docklands.
COLES Group Property Developments is understood to have paid about $6 million for a major retail development site in Coburg.
THE Youth Hostels Association of Victoria is offloading a 56-room backpacker hostel at 76 Chapman Street, in North Melbourne.
A PRIVATE investor has paid close to $10 million for a prominent Williamstown retail complex, at the corner of busy Ferguson Street and Douglas Parade.
SOUTH Yarra based developer Michael Yates is selling a near new office building, in what is fast becoming the centre of South Yarra.
THE Victorian State Labor government is continuing to offload its most spectacularly located real estate assets, with a major site in ritzy Kew expected to wind up in the hands of residential developers – possibly as early as next year.
MUSIC promoter Michael Coppel is offloading a low-rise office building with redevelopment potential at one of the CBD’s busiest intersections.
ASIAN Pacific Building Corporation has pocketed $12.5 million from the sale of nine city shops, at the ground floor of the Oaks on Collins serviced office and serviced apartment building, at 480 Collins Street.
ST KILDA properties that previously accommodated two of the area’s most established local businesses have sold to a developer.
THE on-again-off-again plan to redevelop the car park behind the Scots Church, in the Melbourne CBD, is on again.
MACQUARIE Capital Investors has been appointed to sell a 50 acre Burwood asset, in Melbourne, acquired by cinema group Reading in the mid 1990s.