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Post office sale a chance to stamp a presence in Port

PORT Melbourne's charming former post office in the heart of Bay Street is up for grabs. Gross Waddell will auction 253 Bay Street this Friday at 1pm on site. The property, until recently also a Readings book and music store, is a substantial single-storey period brick building of 300 square metres plus basement storage on a land area of 447 sq m. It was built in 1910 for the Port Melbourne Post Office.

Around the corner, the London Hotel, opposite Beacon Cove residential estate, Station Pier and the Port Melbourne beach, goes under the hammer next week. Vinci Carbone is auctioning the property at 92 Beach Street at noon on Friday September 21 on site. The 640 sq m building is over two levels and features prominent frontage and corner exposure to Beach Street and Princes Street. The land is zoned mixed use offering flexibility for development.

In the north, Vinci Carbone is also selling a massive landholding in Coolaroo by public tender. The 8.19 hectare site has a frontage to Glenelg Street of 354 metres. Improvements on the 18,441 sq m property include multiple overhead gantry cranes and access for heavy articulated vehicles. The property also abuts Somerton railway line, with a possible rail link available, and is offered with vacant possession. The public tender closes this Thursday at 4pm. The expected price is about $11 million.

A two-level freestanding commercial office building in Southbank will soon hit the market and is tipped to fetch more than $8.5 million. Located at 102-108 Dodds Street, the property has a net lettable area of 2440 sq m and a total land area of 1576 sq m. The site includes secure car parking for 37 cars and has mixed-use zoning, falling within the Southbank structure plan. CBRE's Justin Clarkson, Mark Granter and Alex Zent are marketing the building on behalf of vendor Henkell Brothers via an expressions-of-interest campaign that closes at 4pm on October 11.

A corner site next to one of Melbourne's most well-known shopping centres, with permit-approved, architect-designed redevelopment plans in place, is expected to sell for more than $8 million. Colliers International's Peter Bremner and Shane Dargue are marketing a 5457 sq m development site alongside the Westfield Doncaster shopping centre. The property at 1 Grosvenor Street in Doncaster has views of the Dandenong Ranges, along with multiple street and parkland frontages. Architect Rothe Lowman has designed 185 apartments across five distinct buildings for the site. The property is for sale by tender, closing at 4pm on October 10.

The retail freehold at 178 Koornang Road, Carnegie is on the market for the first time in 40 years and will be auctioned this Wednesday at 1pm on site by Gross Waddell. The property is a substantial, older-style two-storey retail/showroom plus separate offices and warehouse. The expected price is between $1.7 million to $1.8 million.

Nearby in Clayton, Knight Frank's Tim Grant and Marcus Quinn are selling a securely leased student accommodation complex at 34 Wellington Road, via an expression of interest campaign. It closes at 3pm on September 27. The agents expect the property, which is directly opposite the main entrance to Monash University, to sell for more than $1.3 million. It has 10 fully self-contained apartments, a communal leisure area, large courtyard and 10 allocated car spaces. Each apartment has its own kitchen, bathroom, wardrobe, bed and study area.

Savills Australia is marketing a whole CBD office floor with outstanding panoramic views, in a Fender Katsalidis-designed building in the eastern end of the Melbourne CBD. The property will be sold by private sale and is expected to fetch $1.6 million. Located at level two, 171 La Trobe Street (cnr Russell Street), the property comprises a 434 sq m, fully self-contained and light-filled office floor that is part leased (40 per cent) to RMIT University on a new three-year lease. Marketing agents are Nick Peden and Clinton Baxter.