Commercial hammer prices
Offers, excluding GST, expected for a standalone 216-square-metre office building at 28A Blazey Street, Richmond close to the Melbourne CBD. The building is being marketed by DTZ selling agents Patrick O’Callaghan and Danny Clark. It has three off-street secure car spaces with additional storage on the ground floor, a 5.7-metre street frontage and a separate entry to the first-level offices from the left side of the building with access from the footpath. Bonus features include a shower and a caretaker’s residence on the top floor, together with a spectacular balcony area. The property will appeal to creative, consulting or professional owner occupier businesses. According to Clark, one of the strong features of the building is its location: “Blazey Street runs east off Burnley Street and parallel with Bridge Road, offering transport connections by all modes in every direction.” The deadline for the private sale is December 7.
The size of an office and warehouse property snapped up by online computer software and hardware retailer PC Case Gear for $2.2 million at Mulgrave in Melbourne’s south east. The sale was negotiated by Savills Australia’s Daniel Kelly. Located at 18-20 Glenvale Crescent, the building includes a 2,000-square-metre warehouse and 200 square metres of office space. The 1970s building was part of the original and tightly held AV Jennings Slough subdivision, which had been one of the first industrial developments in the area. Kelly says PC Case Gear had recognised there were few options in this location but wished to remain close to its staff and provide for expansion of the business. The vendor was a Melbourne-based private investor.
The size of the cherry orchard situated on the Murray Valley Highway at Wyuna listed for sale $480,000. The property is dubbed The Big Cherry. John Lilford, the Hinchliffe + Greed Real Estate Kyabram listing agent, says the majority of the orchard is of different cherry varieties, along with apricots and apples. The property boasts a large air conditioned display area for the sale of fruit and jams produced from the orchard and two large cool rooms used for storing fruit for the market.
The amount being sought for the humble Ascot Vale stables, the 526-square-metre holding just a short gallop from Flemington Racecourse. It due to be auctioned on November 12 auction through Nada Pali at McLeod Real Estate The Professionals. It’s been listed by the Lawson family, who have owned the property for more than 60 years. Trainer Alec Lawson’s stable included Gay Filou, the Toorak Handicap winner at Caulfield in 1962.
