Car Park Near Melbourne Airport Sells For $8 Million

RECEIVERS KordaMentha have recovered just over $8 million from the sale of a multi-level car park near Melbourne Airport.

The four-level commercial complex at 5 South Centre Road (pictured, right) and near the junction of Keilor Park Drive and Sharps Road, sits on a 5217 square metre block and includes about 650 car spaces within 20,000 square metres of enclosed area.

Based on the sale price, each car park bays sold for about $12,300.

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Mulpha to Reap $120 Million From Melbourne Airport Hilton Hotel

MALAYSIA-based Mulpha Australia has listed its Melbourne Airport Hilton Hotel.

The 276-room low rise motel, opposite Melbourne Airport’s main terminal, is expected to sell for about $120 million as an investment. Mulpha purchased the hotel in 2004, as part of a portfolio offered by Principal Hotel Group.

The hotel includes 16 conference rooms, a gym, restaurant and swimming pool.

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MAB Corporation Sells Prominent Tullamarine Site For $2.9 Million

MAB Corporation, which is expected to unveil itself as the owner of Doncaster’s Eastern Golf Course before Christmas, has sold a prominent 2.1 hectare industrial development site with a 300 metres frontage to the Tullamarine Freeway, near the airport.
CVA Property Consultants director Anthony Carbone, who sold the site with ICG Property, confirmed the site sold for $2.9 million.

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