Essendon – realestatesource

A BULKY goods centre with redevelopment potential in Bomber-land has sold for $11.45 million.

Hudson Pacific Group, a wholly owned subsidiary of Hudson Investment Group, has offloaded the 15,309 square metre 299 Pascoe Vale Road site, which includes four bulky goods showrooms returning almost $940,000 per annum in rent.

The site abuts rail tracks between the Glenbervie and Strathmore train stations, on the Broadmeadows line.

Victoria

Vision Australia Sells Essendon Site For $2.4 Million

May 10, 2010 Marc Pallisco Essendon, Melbourne development site sale

VISION Australia has reaped $2.4 million from the sale of a major residential development site at the suburb border of Essendon, Moonee Ponds and Brunswick West.

The 1643 square metre property, at the north-east corner of Albion and Lawson streets, sold to a local private investor, who is expected to develop a medium density residential project.

An existing building, built in 1987 and renovated in 1995 will be demolished. Vision Australia occupied this site until two months ago.