Gasometer – realestatesource https://www.realestatesource.com.au Commercial and residential property news Wed, 22 Dec 2010 04:56:53 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Gasometer – realestatesource https://www.realestatesource.com.au 32 32 Williamstown’s Gasometer Site Sells After Two Years https://www.realestatesource.com.au/williamstowns-gasometer-site-sells-after-two-years/ Wed, 22 Dec 2010 04:56:53 +0000 http://realestatesource.com.au/wordpress/williamstowns-gasometer-site-sells-after-two-years.html WILLIAMSTOWN’s contaminated gasometer site, south west of Melbourne, sold to a developer for a speculated $3.5 million before a scheduled auction, earlier this month.

The new owner is expected to undertake remediation works before marketing a residential project, likely after 2012 sources say.

The spectacularly located 3583 square metre site at 87 – 93 Stevedore Street, near Williamstown’s retail centre, and the waterfront, abuts an open-air car park and supermarket.
]]> It’s the latest central Williamstown site to sell since June, when private investors paid close to $10 million for a collection of adjoining shops with redevelopment potential on the north-east corner of Douglas Parade and Ferguson Street (both major retail thoroughfares in the area).

David Loweinstein, of Century 21 Wilson Pride in Prahran marketed the Stevedore Street site for receivers. The property has been on the market for about two years.

Across town in Hawthorn East earlier this year, retail giant and developer Woolworths paid Leighton Properties $21.93 million for the three-hectare former Gas & Fuel Corporation’s Tooronga gasometer at 742 Toorak Road.

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