Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential sophisticated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment sophisticated, perhaps like the nearby Bentleigh Centre, which the builder ended in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legitimate million on a petite shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment sophisticated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level complicated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Three.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery proprietor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming possessor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his individual property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office complicated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential sophisticated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment elaborate, perhaps like the nearby Bentleigh Centre, which the builder finished in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legal million on a puny shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment sophisticated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level complicated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Three.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery holder Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming possessor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his private property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office sophisticated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential complicated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment complicated, perhaps like the nearby Bentleigh Centre, which the builder ended in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legitimate million on a puny shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment sophisticated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level sophisticated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Trio.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery holder Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming holder however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his private property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office complicated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential elaborate containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment complicated, perhaps like the nearby Bentleigh Centre, which the builder ended in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legitimate million on a puny shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment complicated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level elaborate which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Three.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery proprietor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming proprietor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his individual property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office complicated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential sophisticated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment elaborate, perhaps like the nearby Bentleigh Centre, which the builder ended in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Eighteen million on a puny shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment sophisticated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level elaborate which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Trio.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery possessor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming possessor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his private property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office elaborate, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential elaborate containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment elaborate, perhaps like the nearby Bentleigh Centre, which the builder finished in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Eighteen million on a puny shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment complicated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level sophisticated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Three.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery possessor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming holder however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his individual property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office elaborate, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential complicated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment complicated, perhaps like the nearby Bentleigh Centre, which the builder finished in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Eighteen million on a puny shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment sophisticated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level complicated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Trio.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery holder Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming possessor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his private property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office sophisticated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential sophisticated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment complicated, perhaps like the nearby Bentleigh Centre, which the builder finished in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legitimate million on a puny shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment complicated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level complicated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Three.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery possessor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming proprietor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his individual property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office sophisticated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential complicated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment complicated, perhaps like the nearby Bentleigh Centre, which the builder ended in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legitimate million on a petite shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment complicated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level complicated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Trio.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery holder Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming proprietor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his private property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office elaborate, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential sophisticated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment complicated, perhaps like the nearby Bentleigh Centre, which the builder ended in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legitimate million on a petite shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment elaborate (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level complicated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Three.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery possessor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming holder however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his individual property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office sophisticated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential complicated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment sophisticated, perhaps like the nearby Bentleigh Centre, which the builder finished in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legal million on a petite shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment complicated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level complicated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Trio.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery possessor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming holder however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his private property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office elaborate, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential complicated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment complicated, perhaps like the nearby Bentleigh Centre, which the builder finished in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Eighteen million on a petite shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment elaborate (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level sophisticated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Three.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery possessor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming possessor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his individual property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office complicated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential complicated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment elaborate, perhaps like the nearby Bentleigh Centre, which the builder ended in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legitimate million on a petite shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment elaborate (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level complicated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Three.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery possessor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming proprietor however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his private property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office sophisticated, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Chapter Group pays $15m for a front garden in Toorak

Chapter Group pays $15m for a front garden in Toorak

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

The Lathamstowe mansion in Queenscliff has sold. Photo: supplied

Local developer Chapter Group has calmly snared another high profile site, this time in Toorak and in unusual circumstances.

Following an off-market agreement, the builder is paying $15 million for two adjoining parcels covering two thousand three hundred ninety five square metres across 661-663 Orrong Road, on the south-west corner of Springfield Avenue.

The properties, which presently form the front garden of a Toorak mansion, are now expected to make way for a four-level medium density residential sophisticated containing some twenty dwellings and more than seventy car parks.

In 2015, the relatively fresh builder directed by former Goldman Sachs director Dean Lefkos and ex-Hassell architect, David Lee, acquired a collection of properties at the nearby corner of Orrong Road and Sydney Street in Prahran, opposite Lendlease’s Toorak Park development which is under construction.

Parkside Brighton East block snapped up by developer

CBD Development Group, which has in latest years proposed some of suburban Melbourne’s tallest apartment complexes, has purchased a unique development site beside a linear park in Brighton East.

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy .

At 86-88 Union Street, a quiet and tree-lined thoroughfare, the property includes two older style homes across four parcels abutting the Little Brighton Reserve.

A representative from the developer confirmed the speculated $Five million sale. It is expected the site will make way for a low-rise apartment complicated, perhaps like the nearby Bentleigh Centre, which the builder ended in 2008.

The deal comes eight months after an aged care provider purchased a five thousand seven hundred forty one square metre block in the same street for $Nineteen million. That site, which included a disused aged care facility, was expected to sell for about $11 million when it hit the market a few weeks earlier.

CBRE’s Julian White, Scott Orchard and Carl Hexter marketed 86-88 Union Street.

Directed by Chen Guo Jing, who migrated to Melbourne from Asia thirty years ago, CBD Development Group has recently purchased some of the suburb’s highest profile building blocks.

Last year it spent $Legitimate million on a petite shopping centre and an adjoining residential block, in Essendon, which is now the subject of a 10-level apartment building application.

In late two thousand fifteen CBD Development Group paid Woolworths $31 million for an eight thousand one hundred fifty six square metre North Melbourne site being marketed as the Arden Gardens apartment complicated (and which will include numerous residential buildings, the tallest rising sixteen storeys).

In 2013, the builder – which recently relocated its headquarters to the CBD – spent almost $9 million for the former Playspace warehouse near the corner of Sydney Road and Albert Street in Brunswick, north of town. Near the suburb’s train station, this block of more than three thousand three hundred square metres is making way for a 14-level sophisticated which upon completion will be Brunswick’s tallest tower.

Ex-Half Moon Caravan Park site re-sells

A partnership of two established developers – Brian Rule’s Brico and Brett Rogers’ Baracon – is acquiring one of the western suburbs’ most prominent sites.

The Brooklyn parcel at 1-9 Miller Street, until recently known as the Half Moon Caravan Park, is at a busy junction also connecting Francis Street and the Princes Highway.

From the 1880s until 2010, the site was managed by the wealthy, locally esteemed Miller family, who in one thousand nine hundred fifty six built the caravan park which housed seventy three residents when it shut a few years ago.

Jones Lang LaSalle’s Cameron Hunter and Josh Freezer marketed the five thousand twenty two square metre vacant site with a permit for twenty eight warehouses.

The Industrial three zoned block has significant redevelopment potential, with showrooms (retail), childcare, self-storage and service stations touted in the property’s marketing as other potential uses. The parcel sold for more than $Trio.Five million.

Queenscliff’s Lathamstowe sold

A grand Queenscliff property – built in one thousand eight hundred eighty three by former Carlton & United Brewery proprietor Edward Latham as a bounty to the Anglican Church for its clergy – has sold.

The Lathamstowe mansion was speculated to be valued at about $6 million when it hit the market a few months ago. The heritage listed property at forty four Gellibrand Street was used as a bed and breakfast by the vendor, Loucas Adams, for several years. The incoming holder however – an as yet undisclosed millionaire – will retain it as a private holding.

The church sold the 10-bedroom property at the south-west edge of Port Phillip Bay in 1993. On a one thousand six hundred forty square metre block in the town’s centre, Lathamstowe was marketed this time around with plans for an extension and landscaped garden by Paul Bangay.

Kay & Burton’s Rollo Moore with Fletchers Queenscliff’s James Gladman were the marketing agents.

Michael Buxton buys South Melbourne office

MAB Corporation executive and BRW Rich Lister Michael Buxton has added to his private property portfolio, purchasing a South Melbourne office building with redevelopment potential.

Mr Buxton paid $9.1 million for the concrete, four-level office building in Raglan Street, which was marketed last year with vacant possession.

The one thousand six hundred eighty nine square metre building sits on a seven hundred twelve square metre plot agency Colliers International marketed as a “blank canvas with endless possibilities”. Zoned Commercial 1, the parcel sold against $8 million price hopes.

The strategic office will love permanent CBD view security, being at an edge of a precinct where high rise development is permitted. Across the road from Mr Buxton’s building are low-rise, historic homes.

Mr Buxton is expected to retain the investment following a refurbishment. The office elaborate, with nineteen car parks, has the potential to generate more than $400,000 in annual rent.

Related movie:

No comments

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>