The Knox School to Sell Prominent Phillip Island Boys Home, Latest in String of Schools Playing Property Developer

EASTERN suburb college The Knox School is the latest educator looking to play property profiteer.

This time, in the quiet hamlet of Newhaven (pictured, right), about a two hour drive south of the CBD, Knox has won permission to build what will be privately owned apartments and townhouses in and around a historic chapel on an exclusive 1.4 waterfront block overlooking the mainland.

Knox bought the Forrest Road property in 2004 promising to re-invent the site into a specialist campus for its Wantirna South students.

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Out With The Old at Phillip Island

THE owners of a 26-hectare Phillip Island farm, until three years ago owned by AMP Capital Investors and earmarked to become a retirement village, have applied to Bass Coast Shire Council to remove the entire aged-care component of the proposal.

The owner of the site paid AMP a reported $8 million for the Ventnor Road block and a permit for a 184-lot residential subdivision.

A major aged-care complex and community facilities were required to be developed as part of that permit. However, the council will now decide on whether to issue a new permit resulting in the entire farm, about three kilometres south-west of the centre of Cowes, being subdivided into 304 standard residential lots.

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Phillip Island’s Isle of Wight Pub Site Listed For Sale

SIXTEEN months after it was destroyed by fire – which was a month after it was permitted for demolition – the waterfront site where Phillip Island’s popular Isle of Wight hotel once stood is for sale.

The prominent and elevated property – which stares down the Cowes Jetty – measures 9197 square metres and runs behind many shops on the western side of Thompson Avenue, which is the sleepy hamlet’s main retail strip.

The Bass Coast council controversially approved the historic pub (pictured, above) be demolished in April 2010, despite it being recognised as one of South Gippsland’s most significant landmarks. The site is for sale with a permit for a nine-level resort and retail development with hotel rooms and apartments.

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Plans Lodged to Subdivide Historic Phillip Island Homestead

ANOTHER establishment family is lobbying to slice and dice their substantial holiday home retreat.

This time, on Phillip Island, the Grollo family have submitted plans to subdivide the historic eight hectare estate, Woolamai House (pictured, right), which was built in 1876 for wealthy hotelier and horse trainer John Cleeland and is one of Victoria’s oldest coastal homesteads.

Woolamai House includes an Italianite Gothic mansion and gardens with heritage plantings abutting the Cape Woolamai foreshore, all of which are included on the Victorian Heritage Register.

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Phillip Island Murder House Quietly Being Marketed For Sale

THE ADULT Parole Board may want to consider compensating the innocent owners of a Phillip Island home that was in 2009 the scene of a gruesome murder by twice paroled killer John Leslie Coombes.

The Wimbledon Heights property – which has since been renovated – has quietly hit the market, with a lower-than-market price tag of $269,000.

Two years ago, 3 Terry Crescent was leased to Nicole Godfrey – a lover of Melbourne-based John Coombes, who this week pleaded guilty to murder, and dismembering the body of childcare worker Raechel Betts at the home. Godfrey, an accessory, was given a suspended three year jail term.

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Controversial Compulsory Acquisition Program Secures Phillip Island’s Penguin Colony

PHILLIP Island’s fairy penguin colony will be protected forever, with the completion of a controversial compulsory home acquisition program in a precinct on the south-west corner of the island known as Summerland.

All up, 774 privately owned properties across 85 hectares were compulsorily acquired by the state government since 1985.

The program was initially costed at $10.5 million, and expected to take 15 years, but blew out after a real estate property boom on the island stretched the government’s budget.

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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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New Price Record for Coastal Retreat of Merricks

A new record for the budding township of Merricks has been set.

A farm and homestead – high on a hill of course – and with expansive views of Western Port Bay from Flinders through to Phillip Island, has sold for $6 million to an undisclosed buyer, possibly from overseas.

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Grollo Family Continue to Offload Coastal Property Assets

The Grollo family continues to bid farewell to their coastal Victorian assets, with Bruno’s son Adam offloading a beach front property, about 90 minutes south of Melbourne.

The 5,200 square metre block of land is in the up-and-coming pocket of St Andrews, wedged between the Moonah Links, Eagle Ridge, Dunes and St Andrews Beach Golf Clubs. It has 47 metre direct access to St Andrew’s Beach and part of the Mornington Peninsula National Park.

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