A converted biscuit factory in Prahran has been listed for sale. 
&nbsp; 
The&nbsp;<a href="https://www.kayburton.com.au/property/3-38-charles-street-prahran" target="_blank">converted biscuit factory in Prahran</a> has an&nbsp;asking price of $1.59 million. 
 
The three-bedroom, two-bathroom, plus study property is located at 3/38 Charles Street Prahran in the famous Greville Street precinct. 
 
Originally home to the Table Talk Biscuits company the two storey warehouse conversion retains the best parts of its industrial factory heritage and provides superb modern living and entertaining spaces. 
 
The lower level comprises open-plan living and dining, two bedrooms with built in robes, a separate laundry and central bathroom, as well as a fully equipped kitchen, which opens onto a Westerly courtyard. 
 
With high ceilings, exposed timber beams and hydronic heating throughout, the property also boasts a large cellar or storage space and two generous tandem car spaces. 
 
Upstairs is the master suite complete with built in robes, ensuite bathroom and a study nook. 
 
With Greville and Chapel Street shopping precincts at its doorstop and Prahran train station just across the road this property offers all the conveniences of inner city living, with the privacy of its location at the rear of the block.

jrobertson-4NasGYvWhc

Prahran's Table Talk biscuit factory trophy home listing

<html><body>
Global Commercial real estate and investment management firm Jones Lang LaSalle has appointed its new NSW Head of Industrial.
Michael Wall will be based in the firm’s Parramatta office having previously worked for Kingsmede and Colliers.  
Mr Wall has 12 years experience across sales, investments and property management.
Jones Lang LaSalle’s managing director, NSW and Australian head of industrial, Michael Fenton says Mr Wall is “highly regarded" in the industry.
The previous NSW head of Industrial, Andrew Maher, was recently appointed to the newly formed national role of director of industrial corporate solutions.
</body></html>

Jones Lang LaSalle appoints NSW head of industrial

<html><body>
You don’t have to be a millionaire to own property in Queensland's most prestigious suburbs.

Affordable properties can be found across the state, even in the most expensive and prestigious suburbs, according to a study by the Real Estate Institute of Queensland (REIQ).
“Hidden treasures can still be found, even in our most expensive suburbs, if you are prepared to look – and potentially wait – for them,” REIQ CEO Anton Kardash says.
Brisbane's Hamilton had a seven-bedroom Eblin Drive house (pictured below) sold at $6.5 million in February, but elsewhere in the prestige suburb there was a $405,000 sale.
<img height="280" width="472" src="/images/stories/2013/07/QueenslandJuly10one.jpg" alt="QueenslandJuly10one"><a target="_blank" href="https://rpp.rpdata.com/rpp/property/detail?propertyId=4937704&amp;index=0&amp;q=27+Eblin+Drive+Hamilton+QLD+4007&amp;qt=address&amp;_qt=address&amp;offset=1&amp;sort=address&amp;limit=20&amp;view=property&amp;mode=&amp;street=All&amp;suburb=All"></a>
It was a two-bedroom Kingford Smith Drive house (pictured below) which had been listed for $450,000.
<img src="/images/stories/2013/07/hamiltonjuly10one.jpg" width="470" height="277" alt="hamiltonjuly10one">
The suburb's median house price sits at $1.46 million, according to the REIQ, showing there are opportunities for a variety of buyers in the area.
Hidden gems have also been upturned in popular tourist destination Surfers Paradise where, despite a five-bedroom house (pictured below) selling for $6.35 million in March, a more modest three-bedroom house sold for $454,000 in December.
<img height="279" width="472" src="/images/stories/2013/07/QueenslandJuly10two.jpg" alt="QueenslandJuly10two"><a target="_blank" href="https://rpp.rpdata.com/rpp/property/detail?propertyId=7727732&amp;index=0&amp;q=31+The+Corso+Surfers+paradise&amp;qt=address&amp;_qt=address&amp;offset=1&amp;sort=address&amp;limit=20&amp;view=property&amp;mode=&amp;street=All&amp;suburb=All"></a>
The property (pictured below) was originally listed for $495,000, well below the area's median house price of $1.06 million.
<img alt="surfersjuly10one" height="275" width="470" src="/images/stories/2013/07/surfersjuly10one.jpg">
In Minyama a five-bedroom house (pictured below) sold for $6.75 million in December, despite an asking price of $8.25 million.
<img height="276" width="472" src="/images/stories/2013/07/QueenslandJuly10three.jpg" alt="QueenslandJuly10three"><a target="_blank" href="https://rpp.rpdata.com/rpp/property/detail?propertyId=6004999&amp;index=0&amp;q=7+Minyama+Island+Minyama+QLD+4575&amp;qt=address&amp;_qt=address&amp;offset=1&amp;sort=address&amp;limit=20&amp;view=property&amp;mode=&amp;street=All&amp;suburb=All"></a>
The sale of the mansion was a far cry from a three-bedroom house (pictured below) on Chelsea Crescent, which sold for just $360,000 in September.
<img src="/images/stories/2013/07/minyamajuly10one.jpg" width="470" height="277" alt="minyamajuly10one">
Mr Kardash says while these cheaper properties may not be as luxurious as their more expensive counterparts; they represent a smart way to break into QLDs most prestigious markets.
“Of course the old adage of buying the worst house in the best street, or the best suburb, still applies but buying in these prestigious locations will help to underpin capital growth,” he says.
The lowest price recorded in the report was a low $162,000 for a house in Augustine Heights in October.
</body></html>

Cheapies can still be found in Queensland's prestigious suburbs: REIQ

<html><body>
Popular Perth nightspot the Claremont Hotel could be getting new owners.
Its current owner Barry Jones, director at Gretna Nominees, is <a target="_blank" href="https://www.realcommercial.com.au/property-retail-wa-claremont-500800879?listingType=buy">seeking expressions of interest in the property</a>, with a view to either leasing or selling it.
The original hotel dates back to 1886 and then became a grocery store and later a bakery, before being turned back into a hotel in 1902.
In the 1920’s the hotel traded as McManus’ Hotel and Fink’s Hotel. In recent times its been the Continental Hotel and Redrock hotel, before becoming the Claremont Hotel after a refurbishment in 2002.
The building is situated in a prime location on the corner of Bayview Terrace and Gugeri Street, just nine kilometres from the Perth CBD. Its adjacent to the Claremont Quarter Shopping Centre and opposite the Claremont Train Station.
The 1,263 square metre property sits on 1,659 square metres of land. It comes with a tavern licence.
The two-storey hotel offers a variety of indoor and alfresco areas, which can be used for private functions or public dining.
Colliers International agents Mark Werrett and Ben Tana have advertised it as being suitable for refurbishment or redevelopment.
Expressions of interest close on August 16.
</body></html>

Perth's historic Claremont Hotel seeking expressions of interest

<html><body>
Melbourne’s cheapest auction sale price last weekend was in the northern suburb of Dallas. 

The four-bedroom, one-bathroom Barry Road house was listed by the mortgagees with a $220,000 to $240,000 price expectations.
It for $243,500 after Barry Plant Real Estate marketed the property to first homebuyers, investors and clinic operators.
The <a href="https://www.barryplant.com.au/glenroy/index.cfm?pageCall=property&amp;propertyID=2383151&amp;realestate=541_Barry_Road_DALLAS_VIC_3047" target="_blank">original 1960s brick veneer property</a> (pictured below) was previously listed for sale in July 2011 with a guide price of $280,000 to $290,000, but did not sell.
<img alt="dallasjuly10one" height="233" width="470" src="/images/stories/2013/07/dallasjuly10one.jpg">
Its feature built in robes in two bedroom, a large living area with open fireplace, modern kitchen, central bathroom, separate laundry and toilet, gas ducted heating, single car garage and wide side driveway. 

It last sold for $215,000 in mid-2008, reflecting 2.5% annual growth during the past five years. 

The median sale price for houses in Dallas is $270,000, down 8.9% in the past year, <a href="https://www.urban.com.au/property-observer" target="_blank">according to RP Data</a>. 

Other recent sales include a five-bedroom property on Phillip Street selling for $365,000 in June and a three-bedroom house on Merino Avenue selling for $260,000 on 3 July this year.
Barry Plant Real Estate selling agent Halil Okur says while there was a lot of interest in the Barry Road property, it would need significant renovations to make it liveable.

“When we took over the marketing campaign, the house was vacant.

“It’s a run-down house. It needs a lot of renovation. When you walk into it, it literally stinks,” he said. 

The buyer was an investor and Mr Okur expects it will return a rental income around $300 per week once its renovated. It would then reflect a 6.4% yield

The contract for the sale had a Victorian Legal Aid caveat on its title.
It was the home of Charbiel Fram who was sentenced to three and a half years jail for attacking his former brother in-law at a Thomastown pool hall in 2010 and is currently awaiting sentencing over an assault at Crown Casino’s Fusion nightclub. 

He committed the second offence while on bail for the first.
 

</body></html>

Mortgagee sale at Dallas was Melbourne's cheapest weekend sale

<html><body>
Property developer Greg Shand has purchased the NSW Leagues Club building in the Sydney CBD for $15.5 million.
The building runs between Phillip and Elizabeth streets and will retain current tenant, Travelodge until 2050, with a 49-year option.
The club originally took two strata to the market, floors six to nine and levels B1, B2, three, four and five and had intended to retain Ground Elizabeth Street, Ground Phillip Street and levels one and two.


Due to strong interest it sold the entire building and leased back Ground Elizabeth, Ground Phillip and levels one and two for a term of three years. 

Collier’s International agent Jon Chomley said they faced many challenges in the sale of the building.

 
“The marketing process was challenging due to the long term lease back to the Travelodge, the club wanting to remain in the premises and preferably own their floors and the issues around the age of the building,” he said.

The club received four offers for the strata and five for the entire building, with two bids being false starts as the groups could not support their prices.


Greg Shand is chief executive of the Barana Group real estate and investment company, which currently has an investment portfolio of $450 million, with investments in Australia, the UK, Japan and Continental Europe.
  

<a target="_blank" href="https://www.propertyobserver.com.au/leisure/novotel-st-kilda-snapped-up-by-greg-shand-s-barana-group/2012090656449">In September last year</a> the group purchased the Novotel St Kilda hotel in Melbourne for $55 million, at a yield of 8%.
</body></html>

Property developer Greg Shand's Barana Group makes $15.5m Sydney CBD purchase 

<html><body>
The ACT suburb with the fastest selling houses is Higgins, according to RP Data.
 
Houses in Higgins are listed for an average of 32 days, followed by Gilmore at 36 days.

The capital's slowest selling houses are in Forde, with an average listing time of 144 days.

Forde is followed by Campbell and Farrer, each at around 126 days on the market. 
 
ACT fastest selling
Higgins: 32.3 days

Gilmore: 36.4 days

Latham: 41.9 days

Hughes: 43.3 days 

Waramanga: 50 days 

Macgreggor: 52.3 days
 
ACT slowest selling 

Forde: 144 days 

Campbell: 126.8 days 

Farrer: 126.0 days 

Casey: 121.8 days 

Bonython: 118.2 days

Franklin: 108.3 days 


</body></html>

The ACT suburbs where houses sell fastest and slowest

<html><body>
Celebrity couple Tom Williams and Rachel Gilbert have announced they are expecting a baby, and have listed their Freshwater home for sale.  
The four-bedroom home is listed with Clark and Humel Property at a guide price of $1.7 million plus.  
Williams, who worked as a builder before beginning a career in radio and television, purchased the property in 2010 for $1.29 million and renovated it himself.  
It now boasts high ceilings, timber floorboards, plantation shutters, a deluxe kitchen with European appliances and a solar heated pool.  
The property comes complete with storage under the house, a wine cellar, security cameras, and even a panic room.
After years doing up home on the northern beaches, Williams said the couple were selling because they wanted to live closer to Gilbert’s family in Cronulla.
Ofcourse plans to renovate their next property are on the radar.  After listing the property for sale last week, Williams let the couple’s baby news slip during his radio show The Daily Edition, on Tuesday.  
Williams and Gilbert were married in November last year and met at the Cleo Bachelor of the Year party in 2011. 
</body></html>

Tom Williams and Rachel Gilbert are expecting and have listed their Freshwater home

<html><body>
A $107 million residential development in the Victoria Harbour precinct of Docklands is now complete, with 95% of its apartments sold by the developer.
The Exo apartment building was announced in July 2011, by developer Lend Lease, and snappily <a target="_blank" href="https://www.propertyobserver.com.au/victoria/docklands-development-half-sold-in-two-weeks-on-market/2011082251238">sold 50% of its apartments</a> (pictured) in its first three weeks.
<img src="/images/stories/exo1.jpg">
In May last year, <a target="_blank" href="https://www.propertyobserver.com.au/developments/prices-start-at-%24395000-in-lend-lease-docklands-development-exo/2012052854675">Property Observer reported</a> that 70% of the 96 apartments had sold.
The apartments were listed at prices starting at $395,000 for a one-bedroom apartment and $699,000 for a two-bedroom apartment.
There are currently three apartments in the complex listed for sale on realestate.com.au, at between $410,000 and $699,000, most likely onsales.
<img src="/images/stories/exo2.jpg">
Several are also listed for lease on the website, ranging from $400 per week for a one-bedroom, one-bathroom apartment, to $550 per week for a two-bedroom, two-bathroom apartment with car space.
<img height="369" width="470" src="/images/stories/2013/07/exosketchjuly3one.jpg" alt="exosketchjuly3one">
State manager for Lend Lease’s apartments business in Victoria, Ben Coughlan says the apartments have attracted a mix of buyers.
“It has attracted a mix of buyers from first homebuyers and young professionals to investors.
"The proximity to the CBD, waterfront and lifestyle it offers is second to none,” he says.
<img src="/images/stories/exofacade.jpg">

On level eight, the residential hub of the building, the apartments surround <a target="_blank" href="https://www.exoapartments.com.au/">an open-air atrium </a>with landscaped garden.

Exo is part of Lend Lease’s $4.5 billion Victoria Harbour, the epicentre of Docklands, and is expected to contribute to the growth of the area with nine retail shops at the base of the building and a 642-bay commercial car park for use by residents and visitors.
<img src="/images/stories/exo3.jpg">

Located on the corner of Collins and Merchant Streets, Ben Coughlan says it aims to “honour the fine architectural tradition of Collins Street in a modern context.”
<img height="553" width="470" src="/images/stories/2013/07/exosketchjuly3two.jpg" alt="exosketchjuly3two">

The complex takes its name from the word ‘exoskeleton’, which refers to its unique sculptural form, and it is expected to become a Melbourne design icon.
</body></html>

Exo, the Melbourne development based on an exoskeleton design, is complete

<html><body>
Sydney remains Australia’s most expensive city for office occupancy, but a significant value shift towards the Perth market has decreased the gap between the two cities, according to a survey by CBRE Global Research and Consulting.
The semi-annual prime office occupancy costs survey ranks 127 cities throughout the world according to the cost of office occupancy, including rent plus local taxes and service charges.
Hong Kong was ranked the most expensive at US$235.23 per square foot, per annum, followed by London and Beijing.
As for Australian cities, Sydney ranked 13th in the world at US$119.23 per square foot, per annum (just behind 10th placed Manhattan), followed by Perth, in 21st place, at US$97.09, Brisbane in 29th at US$79.10, and Melbourne in 49th at US$61.89.
The cheapest Australian capital cities for office occupancy were Adelaide, in 71st place and Canberra, in 93rd place.
<img height="296" width="470" src="/images/stories/2013/larry_uploads/most_expensive_office_markets.jpg" alt="most_expensive_office_markets"> 
Source: CBRE
Sydney also topped the list for the most expensive market for office space in the Pacific Region.
Perth was ranked 16th in the list of cities that experienced the highest growth in the cost of office occupancy.
CBRE’s head of research for Australia, Stephen McNabb says this shows a “value shift” to the Perth market.
“The increase in terms of trade driven by high commodity prices has boosted income in the WA market relative to other Australian states.
“This has supported capacity to pay higher rents in Perth,” he says.
The survey shows the office occupancy rates for prime office spots in 127 cities worldwide, as of March 31, 2013.
</body></html>

Jennifer Robertson

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News