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Batman Market site selling

A prominent Coburg North factory for decades owner occupied by the federal government's Australian Defence Apparel manufacturing operation, is understood Oakley Sunglasses Outlet Clearance Sale to be selling to a developer for about$35 million.

The 2.6 hectare site at 14 22 Gaffney Street, abutting the Batman train station, was offered following a residential rezoning and a planning scheme permitting buildings of between four and 10 levels.

One train stop south, in central Coburg, developers have a discretionary height limit of 13 levels, though at present a 19 storey tower is proposed for part of the former Pentridge Prison site.

The purpose built ADA property, developed in 1971 and offloaded in 1994 after the agency moved production to a Bendigo plant it still operates from, has in recent years housed the popular Batman Market, a fresh produce and unique local products bazaar with 243 on site car parks.

Those operators posted a notice on their website this month saying the Sunday market at Gaffney Street would be closed until further notice.

CBRE's David Minty, Scott Orchard and Ed Wright marketed the block about 10 kilometres north of town.

Rockbank development site sale

Builders have swooped on more land in Rockbank, the suburb until recently largely zoned Green Wedge, and prevented from development.

This time, at 210 234 Paynes Road, a 12.1 hectare site is exchanging for a speculated $8 million following a campaign targeting developers, managed by Raine Horne Werribee.

Last year, plans were unveiled Discount Oakley Sunglasses to replace former Green Wedge land in Rockbank with a major residential village, since branded Woodlea, able to accommodate more than 25,000 residents.

Rockbank is about 29 kilometres west of the CBD between Caroline Springs (which shares the same postcode as Deer Park) and Melton.

Major Brighton village coming

A $100 million plus, medium density, mixed use village is mootedfor Brighton following the off market sale to a developer of a 3500 square metre supersite near the bay.

The holding, zoned Neighbourhood Residential, which prevents structures greater than three levels, is believed to have exchanged for just over $13 million.

Behind the Church Street shops, last year, two home owners shared in the spoils of more than $5 million after uniting to sell their combined 1256 square metre Wells Street holding to a developer.

ADCO outgrows Hawthorn HQ

Ahead of a move to bigger premises, ADCO Constructions has sold its Hawthorn headquarters for nearly $7 million.

Opposite Gardiners Creek and Patterson Reserve, the standalone two level building at 455 459 Auburn Road includes 1200 square metres of lettable area and occupies a 1700 square metre block.

CBRE's Sandro Peluso and Scott Orchard negotiated the off market sale. The result reflected a land rate per square metre of about $4404.

The parcel is opposite the former Cabrini Health hospital at 453 Auburn Road, zoned as (the less valuable suburb of) Hawthorn East. That 5506 square metre block sold to Kennards Self Storage for $12 million a year ago.

Last month in Hawthorn East, VicRoads sold a 1595 square metre block at 757 763 Toorak Road to a developer for $6.55 million. At 402 408 Riversdale Road, nearby, four neighbours recently united Discount Oakley Sunglasses to offload their combined 1879 square metre holding to a builder for a speculated $9 million.

Builder buys Mount Waverley office park

A forward thinking private investor is paying a speculated $12.5 million for a unique suburban office park with significant redevelopment potential.

The offering at 55 73 Ricketts Road in Mount Waverley, 16 kilometres south east of Melbourne, includes four, fully leased rectangle buildings, each of about 3300 square metres, and which return a total annual income of more than a million dollars.

Once the leases expire, a source says, the new owner plans to redevelop. The complex, sold off market by JLL's Andrew O'Connell, who declined to comment, is occupied by four tenants including DHL and Sushi Sushi.

Blue Earth Group buys in Brunswick West

Michael Dib's Blue Earth Oakley Sunglasses Outlet Clearance Sale Group has paid $15.4 million, off market, for arguably its highest profile residential development site, abutting the Tullamarine Freeway, in Brunswick West.


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