Landholding

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A substantial land holding with redevelopment potential (STCA) at Preston in Melbourne’ s inner north has hit the market.
The property, which is being offered for the first time in 35 years, will be sold by expressions of interest.
Located within close proximity of Northland, the 106 Bell Street is nine kilometres from the Melbourne CBD.
The property comprises a number of buildings/ sheds/warehouses of basic construction covering about 1000 square metres while the remainder of the land is sealed and utilised as hardstand. 
The near one acre, 3890 square metre site is zoned Industrial 3 and has seven metres frontage to Bell Street. 
The broad purpose of Industrial 3 zoning is to provide for industries and associated uses, to provide a buffer between the Industrial 1 Zone or Industrial 2 Zone and local communities, and to allow limited retail opportunities.  
According to marketing agents, Teska Carson’s George Takis and Adrian Boutsakis the property would suit an industrial park redevelopment or an owner-occupier yard.  
"The fact that the area has attracted the likes of Mazda, NAB, Office Works, Total Tools and Harvey Norman really underscores the significance of this location and the opportunity that the sale presents," Takis said. 
The property will be sold subject to a short term lease at a rental of $120,000 per annum gross. 
"As an inner suburb within close proximity of the CBD Preston has and continues to benefit from new development, population growth and gentrification, providing owner-occupiers, investors and developers with excellent growth," Boutsakis said.
"Key drivers have included an excellent level of amenities, an extremely popular market, Northland Shopping Centre, trains, trams, and schools and relatively affordable housing."
He said Bell Street provided easy access to several key arterials including Albert Street, Murray Road, Plenty Road, Chifley Drive and the Eastern Freeway. 
Boutsakis said the property’s key attributes included:
<ul>
<li>Industrial 3 zoning;</li>
<li>Large 3890 square metre site;</li>
<li>Prime Bell Street location;</li>
<li>Access to all amenities;</li>
<li>Main street frontage and exposure; </li>
<li>Short term holding income; and,</li>
<li>Close proximity to the CBD.</li>
</ul>
The expressions of interest campaign for the property closes on December 9.
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Development site of nearly once acre in Preston for sale

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Heath Shaw, the GWS AFL player, has humourously assumed the title of “Lord”.
It came after Lord Heath Shaw purchased a small plot of land in the Scottish Highlands area of Glencoe, which all come with the title Lord.
He paid A$60 for one square foot.
Lots are priced up to $1000 for 1000 sq foot.
The aim of the investment scheme is to return the once lush Highland landscape, ravaged by commercial forestry and overgrazing over the years, back to its former glory.
"The Lord is on the way to training along Parramatta Road this morning in a horse and cart," he told the 3MMM Hot Breakfast team.
He posted about his new status and property purchase on Twitter yesterday, where he's changed his handle to reflect his new status.
The documentation saw the AFL footballer "entirely renounce, relinquish and abandon the use of my former name of Heath Shaw and assume, adopt and determine to take and use from the date hereof the name and title of Lord Heath Shaw in substitution for my former name of Heath Shaw,” the first clause of the deed reads.
Heath has bought into the first Highland Titles Nature Reserve, which opened in 2007.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/30/glencoe0.jpg" alt="">
It is made up of thousands of plots which are supported by a global community of Lairds.
The land is free to visit whether you have <a href="https://www.highlandtitles.com/buy-a-plot/" target="_blank">purchased a plot</a> or not.
Located close to the historical Glencoe, the reserve is one of two Highland Titles reserves.
The website advised "every person that purchases a plot from Highland Titles becomes a Laird, Lord or Lady of Glencoe, even if it is a 1 sqft plot."
The Highland Titles Nature Reserve is sustained by the ongoing support of the over 100,000+ Highland Titles community.
"With the purchase of every plot, we are able to work with our partners to  plant more trees, build more shelters for the animals that inhabit the reserves, and progress in our efforts to conserve the land for future generations as well as offer a unique and charming gift to those who support the progress of our efforts.
"Join a community of over 200,000 people around the world who have made a contribution towards conserving Scotland," the website suggests.
The Glencoe Wood estate is located off the main road (A828) between Oban and Fort William in the Highlands of Scotland. The nearest village is Duror, and the nearest Post Code is PA38 4BW.
"It’s official, I am the first AFL player in it history to become a Lord," he tweeted humorously.
His twitter handle was changed accordingly with the accompanying <a class="PrettyLink hashtag customisable" href="https://twitter.com/hashtag/thisisthewordofthelord?src=hash" rel="tag" data-query-source="hashtag_click" data-scribe="element:hashtag">#thisisthewordofthelord</a>
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GWS star Lord Heath Shaw purchases small plot of land in the Scottish Highlands

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Telstra has offloaded two suburban landholdings following a highly competitive expressions-of-interest campaign among local and offshore developers, demonstrating the ongoing demand for new project sites in Melbourne’s east.
The properties at <a href="https://www.realcommercial.com.au/property-land+development-vic-box+hill-502605890" target="_blank">28-30 Cambridge Street, Box Hill</a> (below), and <a href="https://www.realcommercial.com.au/property-land+development-vic-springvale-502605882" target="_blank">18-20 Warwick Avenue, Springvale,</a> (above) sold for $9.35 million combined.
Savills Australia’s Nick Peden, Jesse Radisich and Benson Zhou brokered the deals, with Charter Keck Cramer acting as transaction manager.
“Exceptional interest was generated in both opportunities,” Peden said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/8/Box%20Hill.jpg" alt="">
“Despite some complications surrounding the potential development of both sites, with various easements and encumbrances, we were able to effectively navigate these obstacles and work with prospective purchasers to appease any concerns.
“Ultimately, we secured very strong prices for each site.”
Radisich said the Box Hill sale represented a land rate of almost $8,000 per sqm, which was significant given the likely height limits.
“The development has potential to reach a height of circa 10 to 12 levels,” he said.
Savills has now transacted seven sites in December, for a total of more than $45 million.
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jrobinson-rf4aSBido9

Telstra offloads landholdings in Melbourne’s suburbs 

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A major landholding fronting Lake Coogee and earmarked for residential development in the Perth suburb of Munster has been listed for sale through CBRE.
The 15,396 sqm property at 8 Fawcett Road property is cleared and prime for residential subdivision. 
Nearly 11 km south of Fremantle, the property forms part of a precinct that has witnessed a wave of residential development.  
The listing agents are CBRE’s Michael Milne and Matthew Elliott.
Elliott said the prominent suburban location was expected to attract buyer interest. 
“The site provides a premium inner-city subdivision within an established and growing area surrounded by a high level of amenity, local schools and has direct links to Kwinana freeway and the coast,” Elliott said. 
Milne said the property was zoned ‘Development’ and ready for a boutique residential subdivision.
“The property directly fronts Lake Coogee and is surrounded by R20, R30 and R40 density residential development, which will enhance developer appeal.” 
The campaign closes February 10.
 
 
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Perth site with residential zoning fronting Lake Coogee on the market  

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A 22,496sqm development site in Perth's suburb of Greenfields is on the market through an offers to purchase campaign closing August 11 run by CBRE. 
The landholding, Lot 503 Lakes Road in Greenfields could accommodate residential, medical, office and large format retail.
CBRE’s Richard Cash said the property is situated adjacent Mandurah Home City – an existing large format retail centre with national brands including JB HiFi, the Good Guys and Rays Outdoor. 
 
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Greenfields development parcel in rapidly growing Perth hub

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Tenders are open for the Darraweit Guim landholding outside Melbourne for the first time in 20 years.
The agricultural land is offers grazing and dry land farming for sheep and cattle, with 500 hectares set aside for crops. 
Fairfield, a 1,388 hectare landholding situated in Darraweit Guim,located just 48 radial kilometres from the Melbourne CBD. It has a five bedroom, two bathroom homestead, managers’ residence, four stables, five car garage and shearing shed.
 CBRE’s Danny Thomas said it is a semi-rural lifestyle property close to the Melbourne CBD, with substantial future development upside.
“We expect there to be strong interest from domestic and international investors looking to capitalise on the expansion of Melbourne’s northern suburbs, given the substantial land bank appeal of Fairfield," Mr Thomas said.
The International Tender campaign closes Wednesday 21 October at 4pm AEST. 
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