STAMPED FOR PROGRESS
Posted on 02 November 2013
Developer Crema Group will develop a 10 level landmark in central Heidelberg after paying $4.5 million for a 780 sqm block with a permit.
The former Australia Post outlet at 112-120 Burgundy Street was only listed for sale in July. It sold with a permit for a 50 unit complex with ground level retail and two levels of basement car parking.
The site has side and back laneway access and is in the heart of a thriving retail strip that's only two blocks from the Austin Hospital.
Vinci Carbone director Joseph Carbone, who sold the asset with Frank Vinci, said there was strong demand for land with permits allowing construction to start immediately.
Not far away, in Preston, the Valmorbida family are replacing their Conga Foods headquarters with a retail complex that will include a supermarket, ancillary shops and a bulky goods component. More than 10,000 sqm are available for lease - not for sale as incorrectly reported last week - via agency Butera & Company.
The former Australia Post outlet at 112-120 Burgundy Street was only listed for sale in July. It sold with a permit for a 50 unit complex with ground level retail and two levels of basement car parking.
The site has side and back laneway access and is in the heart of a thriving retail strip that's only two blocks from the Austin Hospital.
Vinci Carbone director Joseph Carbone, who sold the asset with Frank Vinci, said there was strong demand for land with permits allowing construction to start immediately.
Not far away, in Preston, the Valmorbida family are replacing their Conga Foods headquarters with a retail complex that will include a supermarket, ancillary shops and a bulky goods component. More than 10,000 sqm are available for lease - not for sale as incorrectly reported last week - via agency Butera & Company.