Social club sells surplus land to developer
The Anzano Social Club has sold surplus land behind its Melbourne base to developer, Maximise.
The 2.8 hectare tract – now known as 11 Pallarang Way, Truganina (pictured, top) – is earmarked for 85 office/warehouses.
Construction will begin this quarter.
The two-lot subdivision from 191 Leakes Road – an address the Anzano Social Club will retain, now on 2.75 hectares – took two years to negotiate with Wydham City Council, a Maximise spokesperson said.
There were also stormwater compliance requirements.
The deal comes five months since German association Tivoli-Deutscher Verain, Victoria’s oldest ethnic club, divested its Prahran base, the Club Tivoli, but to a residential developer.
Also in March, the Greek Club Palesviaki Enosis outlaid $4m for an Oakleigh office it planned to occupy as a social club.
That not-for-profit banked $6.8m early last year selling its long-time Bayswater base, the Lesvos Centre Club, like Truganina, with significant surplus land.
That property was also marketed to residential builders.
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