Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Melbourne

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A hairdressing salon has leased a new store at Prahran in a deal brokered by Teska Carson’s Tom Maule.
The 80 square metre premises was let at $58,000 per annum net, a rate of $725 a square metre, on a four year term with four year options.
He said the 154 Greville Street premises offered a prime position within the heart of Prahran’s very popular retail precinct. The lessor is a Melbourne based private investor.
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j.ballantyne1990-6AQqhLzZaK

Hairdresser leases in heart of Greville Street, Prahran

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The Melbourne house market saw significant growth in the two years to 2014/15, with the median house price growing by 11.4% and 16.9% in 2013/14 and 2014/15 respectively, according to QBE's latest housing report.
Underlying demand has been underpinned by strong population growth over this period.
Net overseas migration into Victoria has averaged 55,400 persons per annum in the four years to 2015/16; above its 15–year average of 49,200 per annum. Net interstate migration has also been improving. Based on published data to December 2015, Victoria is on track to experience a record net inflow of 11,000 persons in 2015/16.
<img src="/images/2016/10/14/Chart%2020.jpg" alt="">
This population growth has continued to maintain a deficiency of dwellings in the Melbourne market despite continued growth in new dwelling supply. This deficiency, together with low interest rates, has driven purchaser demand.
However, median house price growth has slowed in 2015/16 to 4.8%. Further rises in new dwelling supply have taken the market almost back into balance, reducing the pressure on prices. Investor demand has also weakened in 2015/16 due to regulatory pressures, and the net result has been slowing price growth.
The slowing market has been most felt in the Inner and Middle rings of Melbourne, where median house price growth was a minimal 0.7% and 2.8% respectively in 2015/16. In contrast, median house price growth in Outer Melbourne was 10% in 2015/16 as stronger price growth moved into the more affordable regions of Melbourne.
Without experiencing a large benefit in economic activity from the boom in resource sector investment in the prior years, Victoria has been relatively insulated from the tapering off in mining investment compared to the resource– driven states. This should sustain an elevated migration inflow, although the net inflow is forecast to nevertheless weaken.
Many of Victoria’s trade exposed and service industries have benefited from a lower Australian dollar over the past two to three years. However, the dollar has been creeping upwards again through 2016, maintaining pressure on these sectors and preventing further investment.
Moreover, further headwinds will emerge in the short term as the automotive manufacturing sector sees all three remaining locally based car manufacturers close their production facilities across 2016 and 2017. Negative impact on employment across the entire supply chain is likely to weigh heavily on the local economies focused in the outer suburbs.
<a href="/images/2016/10/14/Table%206.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/Table%206.jpg" alt="">
Melbourne also faces a significant supply pipeline that will see dwelling completions peak in 2016/17 and tip the market into oversupply. With population growth also expected to ease through the forecast period and lead to weaker underlying demand, this oversupply is forecast to steadily increase through to 2018/19.
While expected to be mainly in the unit sector, there is likely to still be flow on impact in the housing market.
Rising vacancy rates are expected to result in a further retreat from the market by investors, who were already declining in demand due to tightening lending policies by the banks. While there is expected to be enough momentum in the market to drive limited median house price growth of 2% in 2016/17, price growth is forecast to be negative in 2017/18 and 2018/19 as Victoria’s oversupply continues to increase, with a cumulative fall of 3% over the two years resulting in an aggregate 0.6% decline over the forecast period.
The unit market has underperformed in comparison to the house market with median unit prices growing 13% compared to median house price growth of 36% over the three years to June 2016. This reflects the growth in new supply with unit completions far surpassing completions in houses over the same period.
The high levels of unit construction have added significant supply to the market. While a modest aggregate dwelling deficiency is estimated at June 2016, the unit market is estimated to be in oversupply.
Record levels of apartment completions, as well as a strong project pipeline expected though to 2017/18, is likely to continue to impact vacancy rates, rental growth and unit prices. At the state level, the oversupply in dwellings is expected to grow through to 2019 with the excess concentrated in the unit sector.
This excess is also expected to be compounded by changes to investor lending guidelines which have already started to impact investor demand. Melbourne’s median unit price is forecast to decline by a total of 9% over the three year period to $480,000 by June 2019.
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Melbourne's apartment oversupply to impact on entire housing market: QBE Housing Outlook

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A longstanding Melbourne butcher shop has been listed for sale. It has recently renewed a three year lease to 2019 however there is the opportunity to extend it until 2025.
The single tenant investment at 135 Main Street Pakenham has a a rent of $67,638 pa.a with a fixed annual rent increase of three percent with the tenant paying all usual outgoings. It has a large 250 sqm area site with dual retail frontage to main street and a public car park at the rear of the building. It has also been approved for premium Commercial 1 zoning. 
The building is in a central position within the thriving retail strip with numerous national retailers nearby including CBA, Chemist Warehouse, Westpac, ANZ and Australian Post to name just a few, it is also to close proximity to Pakenham train station.
The Pakenham and Cardina Shire Council is undergoing significant residential development with 94,492 population forecasted to grow to 175,453 by 2036.
The auction is on October 26 through Burgess Rawson agents Doug Doyle and Shaun Venables.
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Longstanding Pakenham butcher shop for auction

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A grand two-level freehold building in Melbourne’s highly sought-after inner north suburb of Clifton Hill has sold for $4.5 million.
The sale price reflected a 2% yield on the total income. It was originally the Melbourne Savings Bank and <a href="https://www.realcommercial.com.au/property-retail-vic-clifton+hill-502056294" target="_blank" style="font-size: 12.16px;">last sold in 2008</a> at $2 million.
Fitzroys agents Michael Ryan and James Gregson sold the property on behalf of a private vendor at a land rate of $6,521 per square metre.
The 690 square metre site has a wide 20.15 metre frontage to Queens Parade and rear right of way. It comprises a two-storey building of 300 square metres, featuring a fully-fitted restaurant ground floor with the first floor currently being used as a residence.
Zoned Commercial 1, it was sold with a lease to Taco Bill on the ground floor.
Ryan said the surrounding area has undergone significant transformation with numerous medium to high-density development being undertaken, further stimulating retail food and beverage service uses with the vicinity.
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Grand former 1880s Clifton Hill bank sells for $4.5 million

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A local investor has paid a premium to acquire an office investment in Cremorne for $1.85 million.
CBRE negotiated the sale on behalf of Melbourne fashion label, White Suede, with the sale subject to a two year leaseback.
Located at 47 Cubitt Street, the 271 square metre three-level office/showroom was offered to the market via a public auction campaign, however, the sale was negotiated prior to auction.
The competitive pre-auction bidding contributed to the price equating to approximately $11,600 per square metre over the land and $7,800 per square metre over the building.
 
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Boutique Cremorne, Melbourne investment snapped up prior to auction

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Owner-occupier Quicklift Garage Doors has paid $2.96 million for an office and warehouse facility at Mulgrave in Melbourne’s south-east.
The deal was brokered by Savills agent Daniel Kelly.
Located within Enterprise Park, the 61-63 Glenvale Crescent property comprises a 2775 square metre office/warehouse, which includes 2375 square metres of warehousing on a 5741 square metre site with 50 on-site car spaces.  
Kelly said Quicklift had been in the market for more than 12 months, with a requirement to find a property which was well located to key arterials and that would accommodate the company‘s consolidation of operations from two other locations.
"Like a significant number of companies, Quicklift wished to take advantage of low interest rates to move from multiple smaller locations and wished to rationalise its current operations into one modern facility," he said.
"The Glenvale property offered good utility and a superior location with great access to the Monash Freeway."
Kelly said the former tenant, Rectron Electronics, which had been at the property for 10 years, would relocate to a smaller distribution facility at Forster Road, Mt Waverley.
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Quicklift pays $2.96m for Mulgrave industrial

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Fitzroys has sold a landmark commercial site in Melbourne’s inner-west, with a Seddon corner site fetching $4.6 million under the hammer.
The 833 square metre property at 70 Charles Street, on the corner of Charles and Victoria Streets, comprises two individual titles.
Fitzroys agent Michael Ryan said more than 100 enquiries were received during the campaign, with four bidders competing for the property.
He said an offshore investor/developer won out after the bidding pushed the price $1 million above the reserve.
The Commercial 1-zoned site was offered with vacant possession.
<img src="/images/2016/10/18/IMG_3185.JPG" alt="">
 
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Seddon commercial corner site sells

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A private investor has secured a presence in Dandenong South’s industrial market with the purchase of a 1,119 square metre property for $1,575,000.
CBRE negotiated the deal of 41-45 Williams Road on behalf of Scanlon Property Holdings and Bracken Property Holdings, with the sale reflecting a building rate of $1,407 per square metre.
Located three kilometres from the Eastlink Freeway, the property is occupied by multinational aerospace and transportation specialist Bombardier Inc – a Canadian Stock Exchange listed company until April 2019.
CBRE's Ben Mensink said the attraction of a global tenant provided investment confidence in the property.
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Investor takes flight to Dandenong industrial precinct 

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Melbourne’s Outer East takes the top spot as Melbourne’s region with the highest clearance rate, according to CoreLogic’s latest monthly report.
The region has a clearance rate of 87 percent with 62 auction results advised.
<a href="/images/2016/10/17/Melbourne%20sub%20regions.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/17/Melbourne%20sub%20regions.jpg" alt="">
This is followed by the West with a clearance rate of 85 percent with 116 reported results.
The Inner region had the lowest clearance rate, only 73 percent, with 219 notified auction results.
<a href="/images/2016/10/18/Melbourne%20weekly%20clearance%20rate.jpg" target="_blank">Click to enlarge</a>
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Melbourne's outer east region secures 87 percent clearance rate: CoreLogic

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An irreplaceable gem of Melbourne CBD, the Tavistock House, is now offered for auction for the first time in more than two decades.
The property located at <a href="https://www.realcommercial.com.au/property-retail-vic-melbourne-502136982" target="_blank">Tavistock House, 383-387 Flinders Lane, Melbourne</a> is an iconic triple-storey corner freehold building with triple frontage.
It is offered with up to 12 months settlement and is surrounded by major corporate headquarters, Melbourne’s finest restaurants, luxury retail, high end hotels and entertainment as well as all forms of public transport.
It is set in the heart of Melbourne’s most famous, financial, retail and dining precinct - and on the cusp of CBUS’s $1.25bn development at 447 Collins Street.
It has a strategic corner land holding of 442 sqm with triple frontage of over 42 meters.
It is part leased to established tenants with tremendous potential for future uplift and an excellent opportunity to part owner occupy, develop or convert (STCA).
It is for auction on 18 November 18 by Collins International agents Matt Stagg, Oliver Hay, Daniel Wolman and David Sia.
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