Anthony Wilson’s Terraplex is selling a shop at 358 Clarendon Street, in the heart of the South Melbourne village, with an office at the rear. Dixon Kestles agent Simon Regan is auctioning the property on December 9 and expecting about $2 million.
Franze Developments and the Sampieri Group have also turned to a fund-through sales process for their 430-438 Chapel Street site.
They are selling a seven-level, 3148 square metre building through Gross Waddell ICR agents Danny Clark, Michael Gross and Alex Ham.
The joint venture paid $11 million for the site in 2018. It’s close to the Jam Factory redevelopment and is expected to fetch more than $40 million.
Developers are counting on companies looking for smaller buildings after the latest pandemic outbreak with the ability to occupy and control whole floors.
United Asia Group’s Nicole Chow has sold almost all her commercial holdings at 33 Flemington Road, where she developed the 20-level North apartment project.
The 102-bay, two-level car park is the latest part of the building to hit the market, and is expected to fetch about $5 million.
Opposite the Parkville bio-medical precinct, the car park is leased to Melbourne Health and services local healthcare workers. It returns $203,237 a year in rent.
Colliers agents Alexander Leggo, Anthony Kirwan and Leon Ma are handling expressions of interest for Ms Chow, who has already sold several shops and offices.
The offering comes fresh from the sale of a UAG development site in Kensington.
A joint venture between Macquarie Bank and the Partner Group is understood to be planning a build-to-rent project at 346-350 Macaulay Road.
UAG paid a hefty $35 million for the 8803-square metre site — formerly home to Vision Australia — and is believed to have sold it for about $50 million.
Records show a caveat has been lodged by Intertrust Australia, the local arm of Amsterdam-based Intertrust, which is understood to be the source of some of the capital funding the project.
That deal was handled by JLL’s Josh Rutman, Noral Wild and David Hill with Colliers International’s Trent Hobart, Hamish Burgess and Jozef Dickinson.
The Catholic Church’s school arm has snapped up Southern Cross Education Institute’s West Melbourne campus.
The Melbourne Archdiocese Catholic Schools will expand the campus of Simons Catholic College — located across the road — into 52-58 Chetwynd Street. The 1455-square metre building is on a 1000-square metre parcel of city-fringe land.
SCIE bought the office building in 2017, paying $6.5 million. West Melbourne properties are trading around $10,000 a square metre, which gives the deal a value of about $10 million.
The Catholic Church’s school arm has snapped up Southern Cross Education Institute’s West Melbourne campus.Credit: