Commercial and residential property news
BINKS Ford, which has been trying to offload various commercial sites in Melbourne’s west, has paid $1.35 million for an industrial unit in Geelong Road, West Footscray.
The vacant 1000 square metre showroom warehouse is on a 1250 square metre block and sold after an auction.
About two years ago Binks listed a major car dealership in Footscray, in Melbourne’s inner west. That site was expected to sell for about $8.5 million.
Read moreTHE man who bought high rise living to South Yarra ten years ago, and helped develop Beacon Cove in Port Melbourne, has turned his hand to another development, on West Footscray’s Stony Creek.
Former Mirvac and Stockland executive Cameron Alderson’s latest development proposal, Canopi, aims to solve housing affordability issues by offering efficiently designed townhouses on small “inner-city” size blocks of around 175 square metres.
Canopi, at the end of Lae Street, will include 43 townhouses each including three bedrooms, two bathrooms, two car spots and a rear courtyard. Kingsford Property is marketing the townhouses, which range in price from $479,000 to $550,000.
