Large investors seek stable childcare assets in Melbourne

When fully operational, the portfolio will generate an estimated annual income of $ 1.55 million.

By the time the new centers open, there will be 16 Nino Early Learning Adventures centers across Melbourne. Agents sold 12 of them for a total of over $ 200 million.

Large package

Blazer Clothing founder Peter Murray is expecting at least $ 40 million for his Cremorne land property.

This is the second large, premier plot of land in Cremorne to go to market this month.

Mr. Murray has amassed the 3,538 m² site at 31-53 Cremorne Street for the past six years. Records show he bought 33-37 from the Schwartz family in 2018 for $ 10 million and 33-37 from Micheal Gannon in 2015 for $ 2.875 million.

The state land register reveals that Mr Murray cautioned number 31 in April.

Teska Carson agents Matthew Feld and Luke Bisset are handling the sale.

Former Porsche dealer Alan Hamilton last month listed much of the historic Bryant & May match factory with expectations of over $ 80 million.

Cremorne, nicknamed “Silicon Yarra”, has become home to many tech companies including Seek, MYOB, REA Group, Carsales and Domain.

Luxury project

A local developer took over a 1,100 m² development site in Toorak, paying $ 7.4 million.

A syndicate comprising the Fried family of Spotlight and Peter Gyopar of Marne Properties sold the property with a permit for a 13-unit luxury development designed by Bruce Henderson Architects.

JLL’s agents Josh Rutman, Nick Peden, Tim Carr and MingXuan Li handled the case.

Mr Peden said the buyer, who has beaten competition from off-shore groups, is considering completing the licensed project.

St Kilda Hotel

The hotel developers of the Renzella group are offloading another of their hotels, this one in St Kilda, and are expected to earn more than $ 20 million from the deal.

Formerly the Bayside St Kilda, the property in the heart of the seaside suburb at 63-73 Fitzroy Street, near the corner of Jackson Street.

The three-storey property sits on a large 1924 m² plot, with 40 studios, eight shops and ample rear parking. Rooms were converted to six- to 12-month leases last year when tourist numbers dried up.

Records show that the Renzella’s Morraine nominees bought the hotel for $ 2.55 million in 1988, when Fitzroy Street last sported a seedy atmosphere.

The owners rode the wave of gentrification in St Kilda, then weathered the ensuing slump with a sea of ​​foreign tourists.

The property has a permit for a five story residential development designed by Cactus Architects on the parking lot. There is a limit of three levels on the street frontage.

It is half a kilometer from the beach and close to the new Victoria Pride Center. Gurner’s luxury redevelopment, St Moritz, is just around the corner.

Teska Carson agent Luke Bisset and Michael Ludski handle the Expression of Interest campaign which ends November 10.

The pair sold Renzella’s South Yarra hotel in August for $ 22 million.

CBD strata

An investor grabbed a strata office occupying half of Level 11 and the rooftop of 343 Little Collins Street, paying $ 2.14 million.

The deal for the 208 m² office and 164 m² roof reflected a 4.9% return and sold for $ 10,288 per m² – a bonus for the central CBD and truly an indication of the development potential of the area. roof.

Colliers agents George Davies, Anthony Kirwan and Alexander Leggo negotiated the deal, presenting five offers and 100 inquiries.

The property is leased to the Clinton Institute for a five-year lease earning $ 105,400 per year in rent.

The buyer would be keen to develop the roof downstream.

The Colliers team also sold a Level 1 at 362 Little Bourke Street last week for around $ 3 million. The 325 m² office was sold with a 14 day payment.

Coming soon, JLL is marketing level 7 at 21 Victoria Street, a building on the corner of MacKenzie Street overlooking the Carlton Gardens.

JLL agent Nick Peden, who is selling the property along with Mark Stafford, Tim Carr and MinXuan Li, is awaiting bids in the order of $ 2 million for the office.

Car yard

Former car dealership Gary Lechte sells full ownership of Bayside Chrysler Jeep Dodge in the heart of Frankston.

The 11,200 m² property located at 126-130 Dandenong Road is leased to ASX-listed Eagers Automotive and earns more than $ 1.13 million in rent per year. It is expected to bring in over $ 20 million.

CBRE agents Nathan Mufale, David Minty, Scott Hawthorne and JJ Heng are marketing the property which is located in the middle of a long strip of car fleets in central Frankston.

“The offer spans multiple titles, with the owner acquiring the collection of assets over several decades. Opportunities of this magnitude in large business centers are highly sought after and never found, ”said Mufale.

Records show that the property was purchased by Frankston Properties from Mr. Lechte in 2001 for $ 3.35 million.

The front door flagship site has recently been rezoned to Commercial 2, allowing for a range of future development potential.

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