Another Caravan Park Bites the Dust

WOOLWORTHS – which is a retailer as well as a developer nowadays – says it is “ready and raring to go” with plans to build a new shopping centre at Phillip Island, if Planning Panels Victoria, approves a proposed project, a decision which is expected to be announced shortly.

The new complex will be developed on the site of the Boomerang Caravan Park, in Cowes’s main retail strip, Thompson Avenue, and is about two blocks from the pier and beach – the supposed centre of activity, for the quiet hamlet renowned for its Penguin Parade.

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Inverloch Residents Say Desal Worker Demand is Pushing Rents up by Stealth

RESIDENTS in a township near Victoria’s new Desalination Plant say they are being evicted so that landlords can re-let properties at a significantly higher price, to people working on the controversial project.

Bass Coast mayor Peter Paul is said to be investigating the issue whereby agents tell tenants the owner wants to sell the property, only to then re-let the property, at a substantially higher rent.

One resident is being evicted from an Inverlcoh house she has been paying $250 per week for. The home would fetch $500 per week, if it were put on the open market, the South Gippsland Advertiser reports.

 

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Moller’s Caravan Park, Inverloch, Sells to Developers For $6 Million

A developer is understood to have paid close to $6 million for the Moller’s Caravan Park in the coastal hamlet of Inverloch, about 145 kilometres south-east of the city.
 
The approximate 9,000 square metre waterfront property, with four street frontages, is speculated will be developed into a medium-density apartment project, flanked by ground floor retail, and possibly some serviced apartments.
 
Stockdale & Leggo Inverloch agent Judy Robertson, who marketed the site with Patrick Barry, confirmed a sale negotiation was underway, but declined to elaborate on buyer or price. The caravan park first came onto the market last year with an $8 million price tag.

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