Luxury car dealer outbids developers for inner-city site
Luxury car dealer Srecko Lorbek has snapped up a prominent inner-city site for a showroom.
The recently vacated Beaurepaires at 162-174 Coventry Street, on the north west corner of Kings Way, South Melbourne, is believed to be trading for just over $6 million including GST.
Passed by some 30 million vehicles a year, zoned Mixed Use, also facing a laneway, the 763 square metre site was marketed for its development upside – up to 10 floors.
The tyre retailer – Australia’s biggest – quit after 30 years.
Stonebridge’s Dylan Kilner, Rorey James and Chao Zhang with Premier’s Jason Perry sourced Sydney based Mr Lorbek (story continues below).
Elsewhere in Melbourne, Lorbek has a major dealership in Prohasky Street, Port Melbourne – at a West Gate Freeway interchange.
The Coventry St showroom is set to be fit out for electric vehicles.
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