Letten receivers sell Flinders Lane building
RECEIVERS for the Letten Group have recovered $13.31 million from the sale of a historic Flinders Lane office and retail building.
Savills agents Clinton Baxter and Nick Peden sold 167 – 173 Flinders Lane at auction yesterday, in front of a crowd of some 250 people.
The property, on the south-west corner of Hosier Lane, was previously controlled by Mark Letten and celebrity health expert Dr John Tickel, who paid $3.67 million for the asset in September 2001.
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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.
AUSTRALIAN renters risk being kicked out of their homes, if their landlord owners default on home loans.
VICTORIAN Planning Minister Justin Madden has paved the way for one of the state’s biggest public housing-based estates to be developed in Melbourne’s south-east.
ANOTHER Kew motel with redevelopment potential has hit the market.
BUSINESSMAN and hotelier Robert Zagame, of the Zagame Group, is believed to have paid about $1.725 million for a Prahran development site.
THE BIBLE College of Victoria has amassed $8.525 million from the sale of the Lilydale site it has used as its main campus for more than 30 years.
A BULKY goods centre with redevelopment potential in Bomber-land has sold for $11.45 million.
MIRVAC is believed to have made about $13 million from the sale of a 4.4 hectare Port Melbourne development site, once owned by General Motors Holden.
RICHMOND’s former Fields Knitting Mills factory, in Lord Street, Melbourne, is set to be redeveloped into a $60 million, six-level apartment complex.
THE inner-city’s next major hotel looks likely to be developed at a West Melbourne site near the suburb border of the CBD, and Docklands.
