Date: May 21 2012
LOCATED in the heart of south-west Victoria's most popular tourist destination, the Oscars Waterfront Boutique Hotel in Port Fairy is on the market. The property was occupied as a private home before being converted into a boutique hotel for the past 12 years by present owners Richard and Sally Douglas. Oscars is on the edge of the picturesque Moyne River, overlooking the Port Fairy marina, according to Will Walton, Hocking Stuart director in South Yarra. The property has seven king-size bedrooms and en suites, a large drawing room and separate dining room to seat 20, both with gas log fires, and a 1400-bottle wine cellar.
Ten properties will be up for grabs on Wednesday when Burgess Rawson holds its 68th auction. It will start at 11am in the River Room of Crown Casino on Southbank. The properties include a Westpac bank in Drouin, a Target store in Myrtleford, a corner development site in Wonthaggi, a childcare centre in Sydenham, a two-level retail shop in Albury, a Foodworks in Travancore (Ascot Vale), an industrial site in Benalla, a Red Rooster building in Traralgon, and two properties in Tasmania and one in Queensland.
Knight Frank, under instructions from receivers and managers Taylor Woodings, will auction Shop 1, 77 Swanston Street in Melbourne's CBD on June 7 at 1pm on site. It's tipped to fetch more than $4.5 million. The property is located between Collins Street and Flinders Lane. The total size of the tenancy is 52.5 square metres and the property features a large double shopfront that provides tenancy exposure. The property is vacant.
A major homemaker centre in the prominent bulky goods precinct known as the ''golden mile'' in Melbourne's Nunawading is being marketed for sale by Jones Lang LaSalle. Simon Rooney is selling the asset through an expressions of interest campaign closing on June 14. The centre, near Springvale Road, is 100 per cent leased and securely anchored on long-term leases by an array of electrical and homemaker retailers, including the Good Guys, Nick Scali Furniture, JB Hi-Fi, the Sony Centre, Dick Smith and Lincraft, with Harvey Norman adjacent. The fully leased net income is estimated at $5.5 million a year.
TeskaCarson is marketing a commercial building at 207 Blackburn Road, Mount Waverley, via an expressions-of-interest campaign closing on June 14 at 3pm. Leased as three tenancies including one to the Commonwealth government, the property returns a combined net annual rental of $140,000 with the tenants paying the outgoings and GST. The estimated selling price range is $1.95 million to $2.15 million. The modern building offers a total floor area of 400 square metres.
Nearby in Carnegie, TeskaCarson's George Takis is also selling 217-221 Koornang Road. The property, with a 15-metre frontage to Koornang Road and prized rear access, is suitable for a range of uses including commercial and residential or a combination of both. The property is for sale via an expressions-of-interest campaign closing on June 20 at 3pm. It is expected to fetch $1.6 million to $1.75 million.
In Toorak, at 475 Toorak Road, six shops on one title in the heart of Toorak Village are being sold. They will be auctioned on June 7 at 1pm on site. Tenancy details include a deli fronting Toorak Road and walkway tenancies such as the Gourmet Roast Carvery at the rear. Total estimated net income is $184,200. The price range is $3.7 million to $4 million.
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