Slice of Victorian History For Sale in Sorrento

A SUBDIVIDED piece of Victorian history has quietly hit the market, in Sorrento.

Richard Shelmerdine, a member of the Myer dynasty, is selling the 1915 square metre development site – until now part of the much larger historic property known as The Sisters, and within the precinct of Victoria’s first European settlement.

In early 2008, the Shelmerdine’s paid $18.4 million cash for the exclusive 1.2 hectare site, which has been in private hands since 1890, and was last owned by eccentric millionaire Peter Rand.

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Another Victorian Caravan Park Offered as Residential Development Site

CHEAP holiday makers will need to cross another caravan park off their wish-list, soon.

The Bella Vista Holiday Park, in Rosebud West, on the Mornington Peninsula, has been listed for sale as a residential development site.

At 15 – 33 Truemans Road, and near the north-east corner of the waterfront Point Nepean Road, the 5689 square metre block is leased to the current operators until winter 2012.

It’s for private sale asking $4 million, plus GST. The selling agent is Paul Basso of Fruit Property in Tootgarook.

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Residential Developer Pays $2.4 Million For Sorrento Development Site

WITH the apartment building development boom taking place outside of Melbourne too, it’s no surprise prime development sites in coastal retail centres are increasingly catching the attention of builders.

This time, in ritzy Sorrento on the Mornington Peninsula, a 922 square metre development site at 141 – 147 Ocean Beach Road has sold to make way for a $10 million apartment-based project.

The site is currently recognised as a single-level weatherboard dwelling and leased to a homeware shop and art gallery.

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Asia Based Investor Buys Second Victorian Golf Course in a Month, Major Redevelopments Planned

FOR the second time this month, an Asia-based developer has purchased a prominent Victorian golf course, and is proposing to build a $55 million hotel, apartment-based complex and new 18-hole golf course, next door.

An as-yet-undisclosed syndicate, which will be part controlled locally, is understood to have paid more than $7 million for the massive St Andrews Beach Golf Course and Resort, on the Mornington Peninsula.

As well as the Gunnamatta course, a temporary club room and 20 apartments, the purchase includes an adjoining development site, which will yield another 18-hole course, club room, 40-room hotel, licensed commercial premises, and about 120 apartments.

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