Elsternwick

The Australian Broadcasting Corporation&rsquo;s last remaining landholding in Elsternwick is soon to hit the market, in what is expected to be a hotly contested sale process for the prime landholding.

The property, 8 Gordon Street, occupies a large 11,740sqm (3 acre) site zoned for Residential Growth with height potential of up to 8 levels on some parts of the property and is being offered for sale with vacant possession. The property will be sold by Public Tender, expected to close in early June.

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Savills Australia&rsquo;s Clinton Baxter, Nick Peden and Jesse Radisich have been appointed to market the property, saying they expected strong interest from a complete cross section of the market covering &ldquo;the full range of developers&rdquo;, from the residential, commercial, build-to-rent, social infrastructure, education, aged-care and healthcare sectors.

&ldquo;This sale will undoubtedly attract international attention by virtue of it being the most significant inner-Melbourne site to be offered to the market in 2021,&rdquo; Mr Baxter said,

&ldquo;There simply isn&rsquo;t another site of such magnitude and offering a unique array of amenity and positive attributes within the inner suburbs of Melbourne.&quot;

The offering follows Savills&rsquo; sale of the ABC&rsquo;s nearby Selwyn Street property to Woolworths for almost $50 million in 2017.

The site adjoins the magnificent heritage-protected Rippon Lea Estate and is just a short walk from Elsternwick railway station and the vibrant Glen Huntly Road retail strip.

The sale will undoubtedly attract international attention by virtue of it being the most significant inner-Melbourne site to be offered to the market in 2021

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ABC’s last remaining landholding in Elsternwick VIC listed

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The Sydney MMM breakfast presenter Lawrence Mooney accepted $2.48 million for his Elsternwick house which went to weekend auction.
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The funnyman paid $2.5 million two years ago when he was living in Melbourne.
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The listing came with $2.4 million to $2.6 million hopes. 
It was sold to a young family from Brighton East who beat a Hong Kong-based expat to the four-bedroom Edwardian keys.
Melbourne’s preliminary auction clearance rate was sitting at 61 per cent from 313 reported results. There were 480 auctions scheduled, and 37 properties withdrawn. 
A derelict Sydney terrace sold for $4,621,000, exceeding its reserve by more than $500,000.
More than 100 people watched the uninhabitable house at 112 Surrey Street, Darlinghurst sell under the hammer.
The four-level terrace had been listed with a $3.6 million price guide.
It attracted more than 18 registered bidders.
Sydney recorded a preliminary auction clearance rate sat of 62 per cent on Saturday from 266 reported results. 
There were 440 auctions scheduled with a higher number, 74 properties withdrawn.
The nation's cheapest sale was the townhouse at 1/9 David Street, Lalor that fetched $313,000.
It sold at a small loss having traded in 2011 at $315,000.
 
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Comedian Lawrence Mooney takes a small loss in Elsternwick weekend auction

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Comedian Dave Hughes is seeking for a tenant for his fully-furnished Elsternwick house with an asking price of $2000 per week. 
The comedian bought the <a href="https://www.urban.com.au/news/77258-the-block-josh-and-elyses-home" target="_blank">$3 million Regent Street home</a> on The Block in 2017, and this isn't the first time he has tried to lease the home.
He was <a href="https://www.urban.com.au/news/79965-comedian-dave-hughes-secures-tenant-for-his-the-block-elsternwick-investment-property" target="_blank">previously successful</a>.
The five bedroom home comes with open plan and dining area, gourmet kitchen, home office and self-contained studio. 
The home's other highlights include freestanding fireplace, pool and and three-car garage. 
Caishlin Simpson and Nicholas Horswood of Belle Property St Kilda have the listing. 
Hughes bought the property for $3.067 million — $447,000 above the reserve set by Channel 9 from Barker and Knowles. 
At the time, <a href="https://www.urban.com.au/news/80191-dave-hughes-struggled-to-find-finance-for-the-block-elsternwick-purchase" target="_blank">he struggled to find finances to buy the home</a>.
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Comedian Dave Hughes lists The Block Elsternwick house for rent 

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An Elsternwick Edwardian home has hit the market with $2.4 million to $2.6 million hopes.
The Elster Avenue home has been listed by comedian and Sydney MMM radio presenter Lawrence Mooney who bought the property two years ago. 
Sitting on 536sqm, it comprises four bedrooms, two bathrooms, glass-wrapped family domain and double garage.
The park-side home also features sitting room, decked entertaining area, St George appliance kitchen and swimming pool.  
It is situated close to Martin Street Village, schools and transport. 
Mooney won Best Entertainment Presenter at the Australian Commercial Radio Awards last year. 
The Elsternwick property is for private sale through Marshall White agent Damian O’Sullivan. 
Before its purchase wife Lou Mooney and daughters Lily and Maggie had been renting.
The couple paid $2.5 million.
They are now back renting at Bronte in Sydney.
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Comedian Lawrence Mooney lists in Elsternwick

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The Bachelor fitness guru couple Sam and Snezana Wood are selling their Melbourne home, with plans to upsize given their recent announcement they're having a second baby.

The Edwardian cottage in Elsternwick (above and below) last sold for $1,625,000 in 2015 when it stayed in the reality TV family.

The home had been a renovation project for renovation queens Sasha and Julia, who completely restored the 1915 built home before appearing on The Block.

The modern home has three bedrooms and two bathrooms on its 345 sqm parcel.

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It comes with American oak floorboards, bespoke light fittings and an original bay window with bench seat.

The crisp white kitchen has bi-fold windows that overlook the landscaped garden.

WhiteFox Real Estate Stonnington agents Marty Fox and Lana Samuels are marketing the home with a guide of $1.75 million to $1,925,000.

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Fox says the home will be snapped up faster than a table at the famed, and nearby, restaurants Attica.

There's whispers the couple are the mystery buyers of a nearby $3.3 million 1900s Victorian mansion (below).

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The main house has four bedrooms with a swim spa in the landscaped gardens.

Sam and Snez met on the 2015 series of The Bachelor and wed a couple of months ago in Byron Bay.

<h2>VIC properties selling now:</h2>

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Bachelor couple Sam Wood and Snezana Markoski upgrading in Elsternwick

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Strong trading has prompted healthy food purveyors and café Cocomamas to expand into a nearby bigger space within its home suburb of Elsternwick.
It will move around the corner to an 80sqm space on busy Glen Huntly Road following a deal negotiated by Fitzroys agent Jordan Ceppi, following a high level of demand for the space from hospitality operators.
Ceppi negotiated the 4x4-year deal for <a href="https://www.realcommercial.com.au/property-retail-vic-elsternwick-502917398" target="_blank">341 Glen Huntly Road</a> at $55,000 per annum on behalf of a private investor.
“Cocomamas will move from their smaller premises of 20sqm that has served them well in their formative period, and their strong performance has prompted the operators to take the next step in its journey,” Ceppi said.
Ceppi said the precinct’s offering of national and well regarded local tenants and operators had benefited from numerous mixed use developments recently completed and in various stages of planning, bolstering the immediate residential catchment.
“Glen Huntly Road has developed an attractive lifestyle and hospitality offering, bringing people to the precinct across all hours,” he said.
“A large proportion of Melbourne’s rapid population growth is being accommodated in the inner- and middle-suburban retail strips, generating sustained local demand for hospitality and retail services in particular.”
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Cocomamas cafe expands in Elsternwick

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An Elsternwick retail investment with potential development opportunity has been listed.
It’s the first time in 50 years the property has been offered for sale.
The 614 square metre property at 1-3 Horne Street has 20 metres of frontage to Glen Huntly Road.
The listing is being handled by CBRE’s Rorey James, Julian White, Nic Hage and JJ Heng.
James said the offering was an attractive proposition fro investors looking for a development prospect.
“This is an exciting opportunity given the asset has been held by the same family for 50 years,” James said.
“The property is well-connected via public transport and is near substantial retail amenity, including the proposed Woolworths development.
“These investment fundamentals should be a very attractive prospect for all buyers.”
Mr White, State Director of CBRE Victorian Development Sites, noted: “We expect solid interest from investors who see value in the three retail shops, together with occupiers wanting to capitalise on this substantial landholding.
“The flexibility of the existing improvements and income allows the site to be land-banked, and we anticipate this will appeal to developers who are taking a long-term position on the market.” 
The site will go to auction onsite on Wednesday December 12 at 12.30pm.
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Elsternwick retail investment hits the market for the first time in 50 years

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The ABC expects between $45 million and $50 million from the sale of its Ripponlea studio, in Melbourne's Elsternwick.
The 8 Gordon Street offering (pictured above) has been anticipated since the ABC moved staff to its revamped Southbank headquarters.
The ABC has already sold its nearby Selwyn Street facility to Woolworths for about $45 million.
Savills expect interest from residential and commercial developers, along with education, aged-care and healthcare operators.
The Gordon Street studios, built between 1956 and 1965, have been home to television shows including Bellbird, Power Without Glory, The Gillies Report, Kath and Kim and more recently, Mad as Hell.
The studios, closed last November, were home to the first purpose-built television studio in Victoria in with a Post-War International style building.
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ABC Ripponlea studio listed for sale through Savills

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Aloha, a Spanish Mission-style Elsternwick home built by the Reece plumbing family has been listed for sale with a $2,395,000 asking price.
Built in the mid 1920s, <a href="https://www.realestate.com.au/property-house-vic-elsternwick-128722518" target="_blank">the home</a> is described as Miami-style. It comes with the first Italian mosaic tiles imported into Australia in the downstairs powder room.
A restoration maintained the many glamous features from the era, including its classic terrazzo porch, the lead light windows and doors, Degue-designed light fittings and a copper Arts and Crafts fireplace.
Aloha is etched above the covered carport at the three bedroom St Georges Road address which has been restored since last sold at $480,000 in 1998.
Its first floor was originally built as a dance studio, which is now two bedrooms, a living area, kitchenette, bathroom and a terrace balcony for entertaining.
Rodney Morley and Rochelle Butt at Rodney Morley Real Estate have the listing. There have only been three owners with the Reece family selling in 1974 for $444,500.
The company was created by Harold Reece who sold plumbing products from the back of his truck. His first store was in nearby Caulfield with the company now having more than 450 outlets nationally.
This article first appeared in The Weekend Australian. 
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Aloha! Reece plumbing family's former Elsternwick home on the market 

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The Block Elsternwick home designed Sticks and Wombat has been listed for sale, with a loss or maybe breakeven being tipped.
The five-bedroom, four-bathroom Elsternwick property is set to go under the hammer on<a href="https://www.realestate.com.au/property-house-vic-elsternwick-129120878" target="_blank"> September 16</a> with $2.65 to $2.75 million price guidance.
The 46B Regent Street last sold for $2.65 million, plus $145,000 stamp duty and other costs.
Larrikins, Mark “Sticks” Croker and Clint “Wombat” Price were fourth place getters last October on the televised auction taking home a profit of $130,000.
Built with an extensive use of reclaimed timber, the <a href="https://www.realestate.com.au/property-house-vic-elsternwick-126568418" target="_blank">five bedroom home</a> was initially marketed as coming with a 'James Bond' hidden wine cabinet and a private landscaped garden with heated Container pool.
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The New South Wales representatives won the hallway week and the front facade and garden week competitions during the series last October.
Noel Jones Doncaster agents Daniel D'Assisi and David Fileccia sold the listing but have missed out on its relisting reportedly going to Michael Paproth at The Agency who advised recent comparables were:
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1 19 Murray St ELSTERNWICK 3185
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$2,785,000
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30/03/2018
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2 27 Hamilton St BRIGHTON 3186
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$2,750,000
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17/04/2018
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3 373 Kooyong Rd ELSTERNWICK 3185
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$2,650,000
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25/03/2018
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