Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Joel Robinson

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

Commercial Property

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Sydney based national wedding dress retailer, The Sposa Group, has set up shop in Melbourne’s eastern suburbs having agreed terms on the lease of a retail building on Glenferrie Road in the heart of Hawthorn’s popular retail precinct.
Located within walking distance of Glenferrie Railway Station and Swinburne University, the 622-624 Glenferrie Road property comprises a single level 170 square metre retail/showroom space with 11 metres frontage and rear access to on-site parking.
According to Teska Carson’s Tom Maule, who brokered the deal, the property was leased on a three year term at $110,000 per annum net or $650 a square metre.
He said the tenant had sought a property in a strongly performing retail precinct within Melbourne’s coveted inner east and with the benefit of extensive main street exposure.
"This is a prime address for fashion retailing and one which has attracted numerous national retailers including Fonda, Huxtaburger, Coles, Chemist Warehouse, Woolworths and a wide variety of specialty retailers.
"The property benefits from excellent exposure to one of Melbourne’s wealthier suburbs with very good transport access and strong growth prospects,’’ Mr Maule said.
The lessor was a private investor.
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The Sposa Group takes Glenferrie Road lease 

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Sponars Chalet, a historic traditional ski lodge located in the Kosciuszko National Park, is currently under offer.
The <a href="https://www.crebrokers.com/properties/hotels-bars/sponars-chalet-is-at-the-gateway-to-the-northern-end-of-the-nsw-ski-fields-including-perisher-valley-smiggin-holes-and-charlotte-pass/#prettyPhoto" target="_blank">chalet</a> sits on the site of the original Kosciuszko Hotel whose Grand Slam Ski run was the first commercial ski slope in the Snowy Mountains area.
Sponars can accommodate up to 100 guests, with all rooms having en-suite facilities. It has a free car-park for guests, and also provides a courtesy bus to Smiggin Holes and Perisher Ski Resort during shoulder and peak seasons.
Other facilities include an indoor heated swimming pool, steam room, ski hire at the lodge, bar and restaurant with an open fire place and games room.
<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/2017/09/19/Sponar2.jpg" alt="">
The listing agent is Stephen Pursell of CRE Brokers.
The leasehold is $2.4 million. 
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Offer made for iconic Sponars Chalet

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Commercial property sales volumes in Gold Coast for assets valued from $2 million to $10 million have increased in comparison to five years ago, with private local investors dominating the purchases, followed by owner occupiers, says Colliers International.
Yields have also compressed during the five-year period, and Colliers expects continued strong demand across the commercial property sectors until December 2018.
The real estate firm said it had recorded $225.85 million worth of sales across office, retail and industrial sectors for 2016/17, a 43 per cent increase from 2011/12.
“The total dollar volume of transactions increased across the retail and industrial sectors whilst the office sector was slightly lower than 2011/12, due to lack of stock on hand rather than slowing demand,” said Helen Swanson, research manager at Colliers International.
“There is currently fierce competition from privates, self-managed super funds and syndicates for all forms of commercial assets that are strategically located and offer a positive cash flow.” 
<a href="https://www.propertyobserver.com.au/images/2017/09/19/ColliersGC1.png" target="_blank">Click to enlarge</a>
 <img src="https://www.urban.com.au/images/2017/09/19/ColliersGC1.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/09/19/ColliersGC2.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/09/19/ColliersGC2.png" alt="">
Industrial was the best performing sector, with the sales volumes increasing by 50 per cent over the five-year period to $82.79 million, according to Darrell Irwin, director in charge at Colliers International on the Gold Coast. 
“Driving this demand of late has been an upswing in the Gold Coast economy, especially the tourism and construction sectors. Other industries which are active in this market are automotive, health and medical, marine, and small to medium enterprises (SME’s),” said Irwin.
“The Gold Coast has the highest number of SME’s per head of capita Australia-wide. It is easy to see how this flows onto the heightened demand for industrial property from all buyer groups, particularly from owner occupiers who are generally willing to pay a premium.”
The retail sector was the second best performing sector with sales volumes increasing by 41.8 per cent to $75.448 million over the five-year period. Equivalently, retail warehouses also increased in sales from $6.5 million to $36.3 million over the same period, Colliers said in its research report.
“Strong tourism industry coupled with above average population growth rate and well performing residential sector over the last year has helped support the retail investment market on the Gold Coast,” added Irwin.
The limited stock in the office sector over the years meant the sales volumes were slightly down but the level of competition remained fierce, he said.
“Because of the pent-up demand and lack of supply, yields for office assets have compressed significantly since 2011/12 to sit at an average of 7.5 per cent. 
“The interest in office investments on the Gold Coast is likely to continue considering the positive net absorption rates, strengthening of the rental market and a slight easing in incentives,” Irwin said.
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Gold Coast commercial property sales up by 43 percent: Colliers   

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A purpose-built horse stable complex in the Bundall Equine Precinct on the Gold Coast owned by racing legend Mick Dittman has been listed for sale.
The property at <a href="https://www.realcommercial.com.au/property-land+development-qld-bundall-502549070" target="_blank">88 Racecourse Drive, Bundall</a>, has been leased by leading trainer Toby Edmonds.
It is on a nearly 3,000 sqm block and is being marketed via expressions of interest ending October 6 through Ray White Broadbeach.
The listing agents are Tony Grbcic and Adam Grbcic.
Grbcic said the property is the newest and most modern facility within the Bundall Equine Precinct.
It is rented for nearly $175,000 plus GST per annum on a three-year lease with a two-year option.
The facility is part-owned by Mick Dittman, who during his jockeying career won more than 1,700 races including the Melbourne Cup, Caulfield Cup, two Cox Plates and three Golden Slippers.
“It is also the closest facility to the Gold Coast Turf Club, therefore, there has always been a high demand and high occupancy at this complex,” Grbcic 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/2017/09/13/Racecourse2.jpg" alt="">
The complex includes a gross building area of approximately 1,885 sqm over two levels, 60 stable boxes, covered walker facility with a state of the art treadmill, and a two-bedroom caretaker’s residence. 
“The strength of this precinct and property is underpinned by the locality and facilities of the Gold Coast Turf Club,” he said.
“The ongoing upgrades and infrastructure at the Turf Club are a representation of the strength and growth in the local racing industry.”
 
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Legendary jockey Mick Dittman's stable complex in Gold Coast up for sale

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The well-known North Adelaide Burger Bar has been listed for auction on September 15.
The two-storey Torrens-titled property at <a href="https://www.commercialrealestate.com.au/property/51-o-connell-street-north-adelaide-sa-5006-2013799901" target="_blank">51 O’Connell Street</a> has been home to the popular eatery for more than 50 years.
The listing comes at a time when “High Street” retail assets are in limited supply, according to Colliers International, which is marketing the property.
The marketing is being done by Colliers International’s Oliver Totani and Tom Isaksson.
The property generates a net income of about $72,000 per annum. Totani said the value-add potential through redevelopment or refurbishment, subject to council approval, was immense. “O’Connell Street has been going from strength to strength in recent times, due to the uptake in new tenants, especially in the food and beverage space,” he said. “The rejuvenation of the precinct has seen it establish itself as one of Adelaide’s pre-eminent shopping, restaurant, café and entertainment precincts. “North Adelaide is one of the city’s highest socio-economic suburbs and is now considered a premier retail, restaurant and entertainment destination, while also acting as the main thoroughfare between the CBD and the inner northern suburbs,” Isaksson said, adding the location of the shop was a key selling point.  “The property’s high-profile position affords outstanding exposure to substantial amounts of both passing foot and vehicular traffic.”
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Burger Bar retail asset on the menu

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A retail property in Melbourne’s inner-eastern suburb of Hawthorn has changed hands for an undisclosed sum.
The property at <a href="https://www.realcommercial.com.au/property-retail-vic-hawthorn-502491222" target="_blank">7/672 Glenferrie Road</a> was advertised for auction on August 30.
The 80 sqm three-level property comprises a ground floor retail component, a mezzanine area with additional seating, and a basement kitchen preparation area.
It is located within the strongly performing Don Arcade, next to Glenferrie railway station.
The Arcade is also close to banks, major retailers such as Woolworths and within a short walk of Swinburne University Student HQ.
The selling agents were Teska Carson’s Anthony Choi and Michael Taylor.
The property was to be sold subject to a five-year lease to Cupcake Central with a five-year option at a current rental of $91,158 per annum with fixed 4.5 per cent increases.
"The Don Arcade is also part of the well-known and strongly performing Glenferrie Road retail precinct, which, along with Glenferrie station and Swinburne University, underscores its success as a micro retail destination,’’ Choi said.
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Retail space rented to bakery in Melbourne's Hawthorn sold

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A 12 hectare Cranbourne development site has sold for $8.88 million.
Located at <a href="https://www.realcommercial.com.au/property-land+development-vic-cranbourne-501556367" target="_blank">1345 Ballarto Road</a>, the property is PSP approved and suitable for 120 lots.
It is directly adjoining the multi-sporting complex Casey Fields and is also close to Abuts Parks Edge Estate.
Lend Lease, Peet &amp; Devine Estates are also in close proximity of the property.
It is 2.5 kilometres to Cranbourne Shopping Centre and public transport is available.
An extended settlement term is available.
The property was offered through Biggin &amp; Scott agents Frank Nagle and Andrew Egan.
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12 hectare Cranbourne site sold for $8.88 million

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A heritage freehold building in the Sydney CBD has been listed for sale.
Located at <a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-502504018" target="_blank">332 Kent Street</a>, the 485 sqm property was built in the 1880s as a warehouse.
It features original historic window façade.
The building's refurbishments include two passenger lifts.
The property is fully leased with a net rent of $1,004,950 and a 4% increase per year across all tenancies.
Its net lettable area is 1,570 sqm.
The building enjoys a prime CBD location and has a wide 28 metre frontage to Kent Street.
The property is offered through Savills agents Graeme Russell and Tim Grosmann.
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Sydney heritage warehouse-converted office listed for sale

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A commercial building at Sydney’s Coogee beach has sold for $20 million. 
The freehold at <a href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-coogee-502461010" target="_blank">186-188 Arden Street</a> has multiple tenancies within walking distance to all amenities.
The ground floor is leased to fast-food giant McDonalds, and the total net income is nearly $800,000 pa. 
The vendor was Shankman Holdings Australia Pty Ltd.
The selling agents were Jerry Leis and Allan Levy of Metro Commercial.
The building has the possibility to suit other uses ranging from existing commercial to residential subject to council approval.
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Coogee property with McDonald's as a tenant sells for $20 million

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A commercial building with potential for development located in Melbourne inner suburb Richmond is going to auction with expectations of more than $1.2 million.
The <a href="https://www.realcommercial.com.au/property-retail-vic-richmond-502537226" target="_blank">221 Swan Street</a> property is within walking distance of East Richmond Railway Station and within 3 kilometres of the CBD.
It will be auctioned on September 27 through Teska Carson.
The 209 sqm site is zoned Commercial 1 under the City of Yarra Planning Scheme.
The Commercial 1 Zone promotes mixed use commercial centres for retail, office, business, entertainment and community uses, as well as residential uses at densities complementary to the role and scale of the commercial centre.
Improvements include a single level retail/workshop/showroom building.
<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/2017/09/04/TeskaCarsonMel.jpg" alt="">
According to marketing agents, Teska Carson’s Tom Maule and Larry Takis, the property can suit both an owner-occupier or investor, but it may be of most interest to developers looking at its considerable potential for a mixed use development subject to council approval.
"There is very strong demand for any property with development potential in the inner suburbs and especially those with main street frontage and Commercial 1 zoning,” Maule said.
He said the land was located within the City of Yarra’s Swan Street Structure Plan which identified Swan Street East as a major activity centre.
The property will be sold with vacant possession.
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