TWO HATS ON THE LAKE

Vinci Carbone is currently offering The Point Albert Park for sale by Public Tender, closing on Thursday 16 June at 4,00pm. A price circa $2.5 million is being quoted. The property overlooks Albert Park Lake, with views back to Melbourne's CBD. The site plays home to a variety of businesses, with its casual cafe, outdoor areas and award-winning restaurant, which was given two hats by The Age Good Food Guide. Since its development the venue has become one of Melbourne's most prominent locations for special functions, weddings and major events. The selling agents say that the sale offers a new owner the opportunity to continue to capitalise upon a strong existing business operation, with scope to further grow and expand, along with a strong cash flow.