VICROADS has reaped $2.57 million from the sale of a vacant 1.3 hectare property in Melbourne’s outer north. The Industrial 1 zoned property, with an 183 metre frontage to Mahoneys Road, in Thomastown, sold to an owner occupier. Knight Frank’s Anthony Cementon and Martin Bourke said the high profile development site is close to theRead more
FORMER Melbourne Football Club board member, and the founder of furniture giant The Guest Group, Bill Guest, can expect to make about $3 million from the sale of a former showroom in Thomastown which goes to auction on Wednesday.
The 2973 square metre former Guests Furniture Showroom, on a 5191 square metre block, is being sold with vacant possession.
Guests’ rose to prominence from the 1970s, before selling to Freedom Furniture in 1999. Mr Guest has since gone on to develop bulky goods centres in metropolitan Melbourne and regional Victoria.Read more
A RESIDENTIAL developer has paid $2.3 million for a unique development site with two street frontages at the suburb border of Lalor and Thomastown.
The triangle-shaped 5315 square metre site is nestled behind the back fence of about 20 established homes, and is accessed via Dalton Road and The Boulevard – busy thoroughfares within the suburb, about 17 kilometres north of the CBD.
A residential developer is expected to propose an apartment complex with more than 20 units.Read more