Vasey RSL Care Sells Hawthorn Hostel For $7 Million

VASEY RSL Care has reaped almost $7 million from the sale of a disused hostel on a massive block of land in one of Hawthorn’s more revered streets.

The 3560 square metre block at 20 Lisson Grove not far from the Yarra River and Richmond border is understood to have sold to a residential developer, but this could not be confirmed with Kliger Wood selling agents Nick Breheny or Eugene Wood.

Not far away on the corner of Lisson Grove and Glenferrie Road, the former Hawthorn Receptions Centre hit the market earlier this month with price expectations of about $8.5 million.

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Pratt Family Offload Prominent Hawthorn Development Site

THE Pratt family’s investment vehicle, Thorney Holdings, has decided against redeveloping Hawthorn’s derelict California Hotel.

Run for 20 years by the Alex Waislitz, the son-in-law of the late Richard Pratt (pictured, right), the intensely private company purchased the 7799 square metre site at 138 Barkers Road (pictured, far right) in 2007.

In 2009, the Victorian Civil and Administrative Tribunal approved a proposal which would see the 82-room hotel demolished and replaced with a $42 million 87-unit residential apartment complex rising five levels.

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