Neighbouring properties on Brighton Street, Richmond, accrued by late rag trader Geoff Bade, are selling to Little Projects for a total of c$20 million.
The 1461 square metre amalgamation includes a showroom at number 9, a dwelling at 11 and an office at 13-15, on the north east corner of Little Lesney Street.
The incoming owner is expected to propose a mid-rise, mixed-use complex.
The land is opposite a 1298 sqm parcel which Fortis acquired for $19m last November with plans for a 10 level office, residential and retail building.
Both towers would have aspect over the train line between Burnley and East Richmond stations.
Earlier this month Chemist Warehouse’s owners outlaid $8.3m for a former bank beside the Richmond Town Hall – with plans to occupy.
In May Australia Post pre-committed to a 13-storey headquarters at nearby 480 Swan St – about 700 metres east of 9-15 Brighton (story continues below).
Teska Carson’s Michael Taylor and Luke Bisset brokered the off-market deal for 9-15 Brighton St.
Another inner-east site for Little Projects
Little Projects was established 15 years ago by ex-Toll chief executive Paul Little.
In late 2018, the businessman sold his interest to its directors, Paris Lechte and Leighton Pyke.
In nearby Cremorne, the company is proposing an eight floor office on a 1740 sqm site incorporating 2-6 Fitzgibbon St, 49-55 Dover St and 40 Cubitt – the latter occupied by Bruce and Chyka Keebaugh’s The Big Group.
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