The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

Joel Robinson

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

A subtropical pair of residential towers are in planning for a key South Brisbane site neighbouring the iconic Expo ’88 Skyneedle, with new documents revealing a vertically layered vision designed to respond to the precinct’s evolving high-density character.

The proposal has been lodged by&nbsp;Darveniza Group, which is also is behind the 400-apartment Station Quarter precinct in Alderley.

Darveniza Group, led by Jane Darveniza, the Brisbane-based investor and Queensland rich-lister and widow of the late property magnate Bojan Darveniza, is seeking approval for a mixed-use project encompassing 204 apartments, ground-level retail, food and drink tenancies, and office space across two architecturally integrated towers at 37–39 Manning Street.

Occupying an 1,822 sqm site, the proposed towers would rise above a sculptural podium base, with a recessed landscaped centre, rooftop communal areas, and a total of 220 car parks and 256 bicycle bays. The apartment mix spans one- to five-bedroom dwellings, with a design emphasis on generous balconies, cross-ventilation, and climate-responsive materials.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="42c1f501-2afd-440b-af49-67c257123ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20podium.png?VersionId=KFlksfWzmDRD.VIYxd_1q3VAel.nN3TH" />

“The development is conceived as two slender twin buildings that meet at a lushly landscaped central recess,” the Finegrain design report states. “The façade is highly articulated with the plan form stepping back and forth to reduce visual bulk and maximise internal occupants’ access to natural light and air”.

A hallmark of the proposal is its integration of greenery, both visually and functionally. Around 77 per cent of the site’s green plot ratio is delivered through vertical planting spines, a green podium wall, and rooftop amenity. Ground-level deep planting and landscaped communal zones aim to create a shaded, walkable interface along Manning Street.

“The stepped plan form introduces variation in balcony setbacks and enclosed apartment areas, enriching both the façade expression and the resident experience,” the design team notes. “At ground and podium levels, this stepping also enhances permeability, maximising pedestrian view lines to the neighbouring Skyneedle and reinforcing a strong sense of local identity”.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="b3f26dfc-6b93-465c-9ffb-0a2530372a23" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20site.png?VersionId=JflvKdqDxcaHTFbb9HL5TwoiRgeQ2LqA" />

The site directly adjoins the heritage-listed Skyneedle at 35 Manning Street, an enduring legacy of World Expo ’88. The accompanying heritage impact report by Pendergast Architects contends that the proposal has been carefully conceived to protect the cultural significance and landmark visibility of the structure.

“The design provides setbacks, tower separation and podium articulation to maintain the visibility and landmark role of the adjoining Skyneedle,” the report states. “The significance of the Skyneedle lies principally in its landmark visibility and cultural symbolism, rather than in detailed fabric or architectural setting”.

The proposal sits within the Kurilpa Sustainable Growth Precinct, under Brisbane’s TLPI 02/2023, where revised planning controls support high-density, mixed-use development integrated with subtropical design and increased public realm contributions.

Finegrain’s design reflects this intent, drawing cues from the site's adjacency to Musgrave Park, the subtropical landscape of South Brisbane, and cultural landmarks such as QPAC and South Bank.

Twin green towers proposed for Manning Street, South Brisbane site beside Skyneedle

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.

[smartcode_project:default project_id=3402 project_image_fid=15046]

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

jordan_55689

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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firstname1-iYD4UYzvBa

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 $3 million Regent Street home on The Block in 2017, and this isn't the first time he has tried to lease the home.
He was previously successful.
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, he struggled to find finances to buy the home.
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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.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/14/Els2.jpg">

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.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/14/Els3.jpg">

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).

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/22/Wood1.jpg">

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>

[smartcode_project:default project_id=26574]

[smartcode_project:default project_id=94819]

[smartcode_project:default project_id=29916]
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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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j.ballantyne1990-6AQqhLzZaK

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.
<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/2017/10/23/Wombat2.jpg" alt="">
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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