Former Mooroolbark Primary School, Melbourne, Sold to Developers

DEVELOPER Three Pillars has bought another disused education facility in Melbourne’s outer east.

This time, in Mooroolbark, the builder has paid the Department of Education and Early Childhood Development $4.6 million for a 1.9 hectare former school, expected to be replaced with a new housing estate.

The former Mooroolbark Primary School at 1-5 Central Avenue, about 31 kilometres from town, was listed for sale by Jones Lang LaSalle’s Dominic Gibson and Matthieu Lucas. The state government, which listed the school for sale last November, accepted a long seven month settlement.

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Yarra Glen Farm on Green Wedge Zoned Land Set to Become Chocolaterie Tourist Attraction

A YARRA Glen farm on  land zoned Green Wedge will be converted into “the number one rural tourism attraction in Australia” after the Yarra Ranges Shire Council unanimously approved a $31 million chocolate centre at a prominent corner site.

The major development will be developed on a 15.5 hectare farm on the north-east corner of Old Healesville Road and Melba Highway, about 2.7 kilometres east of the Yarra Glen township and near the Alowyn Gardens.

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Yarra Glen Shopping Centre, Melbourne, Sells For $8.4 Million

A near-new, neighbourhood shopping centre on a massive 9.3 hectare site, most of which can’t be redeveloped, sold for $8.4 million last month to a local private investor.

The Yarra Glen Shopping Centre (aerial, right) was one of several Mortgagee Sale campaigns offered last year. A supermarket – leased to Ritchies Supa IGA until 2028 – fills 70 per cent of the 3747 square metre complex which also includes 11 specialty stores.

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