beaumaris – realestatesource

AHEAD of a move to an as-yet-undeveloped facility at Cheltenham, the Returned and Services League is selling its Beaumaris facility in a deal expected to pocket the club around $17 million.

The 1.1 hectare property (aerial shot, right) has a large frontage to exclusive Bolton Street. According to the RSL’s website, the site is 300 metres above sea level at the suburb’s highest point.

The clubhouse, which is expected to be demolished after the sale, is also currently used by the suburb’s Lions Club, Legacy Widows’ Club, and a unit of the Red Cross.

Victoria

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

May 1, 2011 Marc Pallisco Albert Park, Altona North, beaumaris, byron bay, Melbourne development site sale, Melbourne Hotel Sale, Melbourne Pub Sale, Mentone, Southbank, st kilda, yarraville

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.

Victoria

Becton Sells Beaumaris Pavilion Pub to Footballers

August 13, 2010 Marc Pallisco aged care, beaumaris, becton, hotel, Melbourne development site sale, pub

BECTON Property Group has finally offloaded the prominent Beaumaris Pavilion hotel and adjoining car park, in Melbourne’s south.

The East Melbourne-based developer is speculated to have made about $9 million from the sale of the waterfront site, which it bought for $11 million toward the peak of the commercial property market three years ago.

Becton had planned to develop a 65-unit aged care facility on the site, as part of a push into that sector.