Prominent Pubs, and a Western Suburbs Development Site, Offered in $80 Million Portfolio

SOME of Melbourne’s most popular hospitality venues – and a major western suburb development site – form part of an $80 million portfolio of properties set to hit the market next month.

A consortium of Melbourne-based private investors, including Sebastian Catalfamo and Gilbert Cabral, will share in the spoils of the eight properties which are being offered separately.

In Melbourne, hospitality venues include The Point on Albert Park Lake – a 940-seat venue which is expected to sell for about $3 million.

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Toyota to Build Vehicle Testing Track in Altona

MELBOURNE’s western suburbs may be notorious for its hoon drivers – but for at least one tract of privately owned land in Altona North, thrashing a car may soon be encouraged.

Japan-based car manufacturer Toyota has lodged an application with the Hobsons Bay City Council to convert a massive 19.7 parcel of land at 304 – 388 Grieve Parade into a new vehicle testing track.

The site would be used by Toyota engineers and staff to test the performance of motor vehicles manufactured at the Altona plant – including the new green Hybrid Camry.

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