Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Commercial Sale

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A tenanted freestanding investment in the heart of the Caloundra CBD on the Sunshine Coast has been sold prior to auction by Ray White Commercial Noosa and Sunshine Coast North for $2.05 million.
Currently leased to Upstairs nightclub and Star Pharmacy Group, the two storey retail building at <a href="https://www.realcommercial.com.au/property-retail-qld-caloundra-501645209" target="_blank">66 Bulcock Street, Caloundra</a>, was sold to a private investor by Ray White Commercial Noosa and Sunshine Coast North directors Paul Butler and Paul Forrest.
The property was sold on behalf of Cammeray Investments Pty Ltd for a yield of 7.8%.
Mr Butler said the property was on the market for the first time in 14 years and it was underpinned by two good tenancies, with the popular nightclub operational for more than 30 years and the pharmacy recently commencing a five year lease.
“This building has two outstanding tenants and is returning net rental income of more than $160,000 per annum,” he said.
“The sale prior to auction shows the emerging strength of the Caloundra retail market after a period of high vacancy.”
Mr Forrest said there was strong interest in the older style, 560 sqm, two level concrete block building, which is centrally located on Bulcock St.
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Freestanding Caloundra investments sold for $2.05 million

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An emerging childcare investment trust has paid $4.35 million for a former Hungry Jacks outlet at Coburg, with plans for a childcare centre conversion, in an off-market deal conducted by Teska Carson.
According to Teska Carson director, Michael Taylor, who brokered the deal for the <a href="https://www.commercialrealestate.com.au/property/7536638/leased/vic/coburg/offices" target="_blank">311-321 Sydney Road</a> property, the price reflected a premium on market value for a property well suited to a multi-storey development.
"The property has exceptional exposure to a key Melbourne thoroughfare, as well two other street frontages, in a prime, inner-suburban location with trams at the front door, every conceivable retail service within walking distance, and a handy income stream available during the development planning phase.  
The property comprises a two level, 937 square metre building on an 1172 square metre site zoned Business 3 with 35 metres frontage to Sydney Road, 32 metres to Baxter Street and a right of way at the rear.
An underground carpark provides 38 spaces and there are an additional five spaces at ground level.   
Mr Taylor said the property, which was sold with vacant possession, also had a current permit for a nine level building.
The vendor was a Melbourne based investor.
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Childcare centre proposed for $4.35m Sydney Rd site 

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Record low interest rates and a scarcity of inner city commercial properties with development potential are expected to drive strong interest in a prominent Richmond office building.
Colliers International’s Peter Bremner, Rob Joyes and Leigh Melbourne have been appointed to sell <a href="https://www.realcommercial.com.au/property-offices-vic-richmond-501682721" target="_blank">180-188 Burnley Street in Richmond</a>.
The three-level commercial building is expected to generate interest in excess of $30million. 
“180-188 Burnley Street offers investors a secure long term cash flow from AAPT Limited, Australia's third largest land line telecommunications company owned by ASX-listed TPG Telecom Limited,” Mr Bremner said.
“The property also has significant underlying land value, as a rare inner city parcel of land with three street frontages and a total site area of just under 5,000sqm. 
The three-level office building and data centre has a total net lettable area of 5,557.4sqm and includes a full sized basement, a ground floor mostly containing data centre space and associated plant and equipment and a first floor with bright, open plan office accommodation and staff amenities. 
The property is fully leased to AAPT Limited until June 28, 2022, with a current net rent of approximately $2,262,791 per annum.
“AAPT previously owned the property as an owner-occupier from 2001 through to 2005, at which point they sold the property on a long sale-and-leaseback,” Mr Joyes said. 
“This premise is one of AAPT and TPG Telecom's major telecommunications hubs for Melbourne. The facility is an important site that aggregates and provides internet, data and telephone services for a wide geographic area.
“One of the main reasons AAPT originally chose this specific building and location was due to the fact that the site has high capacity fibre optic connectivity to all major telecommunication networks. A range of large corporations have a presence in the data centre and Richmond is a very central accessible location.”
180-188 Burnley Street is located less than 40metre from Bridge Road, some 5.5km east of the Melbourne CBD.
The property is for sale by expressions of interest closing September 25.
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$30 million Richmond office offering

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AMP Capital has purchased the Stud Park sub-regional shopping centre in Rowville in Melbourne's south east for $154 million.
It was bought from an unlisted Lend Lease wholesale fund on a net yield of 6%.
Stud Park will be owned by investors in AMP Capital's unlisted $700 million Wholesale Australian Property Fund, which comprises 11 properties, including the Casula Mall in south west Sydney.
The 26,100 square metre Stud Park Shopping Centre is 32 kilometres south east of the Melbourne CBD, is anchored by Coles and Woolworths supermarkets and a Kmart department store, alongside 58 specialty retailers.
It also houses the Rowville public library and has 1500 car spaces.
The fully-leased mall stands on its 10.3 hectare site sold through Lachlan MacGillivray, head of retail investment services at Colliers International inconjunction with Stonebridge Property Group.
Stud Park last traded for $102 million in January 2010 on a seven per cent yield, when it was acquired by Lend Lease's unlisted Australian Prime Property Fund arm. 
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AMP buy Stud Park, Rowville shopping centre from Lend Lease

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A possible development site in South Yarra's Forest Hill has sold to a Hong Kong purchaser for $14.6 million - a new record for unpermitted sites in the street.
The 1,030sqm site at 6-8 Claremont Street is currently occupied by the Victorian Aids Council, who will continue to operate in the premises for the short term.
CBRE’s Mark Wizel, Josh Rutman, Julian White and Scott Orchard negotiated the sale through public expression of interest under instruction from transaction managers Nick Moore and Marcus Conabere of real estate advisory firm Urbis. 
Josh Rutman said apartment developments in the area have been sold at strong sales rates to a mixture of owner occupiers and investors, both local and offshore.
“We have been fortunate to handle the past seven development site transactions in the Forrest Hill precinct, and given the new record land rate achieved it is fair to say that we are now seeing a whole new level of confidence from local and offshore groups, especially off the back of the apartment pre-sale success that many developers are continuing to experience in the precinct,” he said. 
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South Yarra office sells for $14.6 million

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A Melbourne based investor overcame strong competition from rival bidders to pay $2.89 million on a yield of 4.7% for the Prince Alfred Hotel at Port Melbourne on Melbourne’s bayside fringe.
It was at an auction conducted by CRS Property with Teska Carson.
Teska Carson’s Anthony Choi and Michael Ludski, with Lou Montalti and Ian Robertson of CRS, offered the <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-port+melbourne-501634445" target="_blank">355 Bay Street </a>property.
It attracted more than 80 enquiries and four bidders.
Choi said investors had been attracted to the very popular Bay Street location along with the secure lease to a well-established tenant.
"This is an extraordinarily well located property in the heart of one of Melbourne’s most popular inner-bayside suburbs with a new six year lease to a well-regarded tenant.
"Ultimately the property was purchased by an astute investor cognisant of the solid rental returns and potential for capital gain in such a desirable city fringe location,’’ Choi said.
Located between Spring and Raglan streets on a 300 square metre corner site, the property comprises a, 500 square metre, two level period brick building including a ground floor hotel, bar and dining area, eight bedrooms upstairs, and an outdoor area.
The property was sold subject to a new six year lease with three further six year options to Schultze Hotels Pty Ltd at a current rental of $137,000 per annum.
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Investor takes Port Melbourne hotel with $2.89m bid‏

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A freehold commercial building leased by the Commonwealth Bank of Australia in the Latrobe Valley town of Morwell, east of Melbourne, has been sold by Ray White Commercial for $1,060,000.
The building on a prominent corner site at <a href="https://www.realcommercial.com.au/property-offices-vic-morwell-500833223" target="_blank">200 Commercial Road, Morwell</a> was sold to an investor by Brett Diston of Ray White Commercial Victoria on behalf of a private owner for a yield of 7.0%.
Mr Diston said the approximately 420 sqm building offered a fantastic investment opportunity.
“The Commonwealth Bank is a long term tenant in the building with a 5+3 year lease in place,” he said.
“The property returns net rental income of approximately $75,000 per annum with 5% annual rent increases.
“It’s money in the bank for our astute purchaser.”
Morwell is located approximately 150km east of Melbourne and is the administrative centre for the Latrobe Valley, the energy production centre for Victoria.
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Freehold Morwell Bank investment sold for $1,060,000‏

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An owner-occupier is believed to have paid a record price for a 20 year old office and warehouse complex at Dandenong South in Melbourne’s south-east.
It was in an off-market deal brokered by Savills Australia’s Notting Hill Office.
Savills’ senior industrial executive, Paul Jones, who negotiated the deal with director, Kosta Filinis, could not disclose the price.
However local sources put the price at around $8 million.
Located at 6 Advantage Drive, the property comprises two office and warehouse facilities of 2700 square metres and 5000 square metres on one 14,000 square metre title with 55% site coverage.
Mr Jones said the buyer was attracted by the location, close proximity to all main arterial road networks and the extensive infrastructure (power and gas).
Mr Filinis said the price, considered to be a premium for the area, reflected the location in one of the most tightly held precincts in the south-east.
The property was sold with vacant possession.
Image courtesy of <a href="https://www.onthehouse.com.au" target="_blank">onthehouse.com.au</a>
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Owner-occupier pays Dandenong South record price in off-market deal‏

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Teska Carson is marketing a securely leased retail investment property with development upside at Camberwell in Melbourne’s inner-eastern suburbs.
The property will be auctioned on September 18 on site and is expected to fetch more than $1.1 million.
Located at <a href="https://www.realcommercial.com.au/property-retail-vic-camberwell-501657857" target="_blank">491 Burke Road</a>, the two storey brick building is positioned on the corner of Canterbury Place.
According to marketing agents, Teska Carson’s Gideon Marcus and George Takis, the building has been renovated to accommodate a retail use downstairs and offices upstairs.
The 190 square metre site, zoned Commercial 1, has five metres frontage to Burke Road and 37 metres to Canterbury Place.
Marcus said the property would be sold subject to a five year lease to the building tenant at a current rental of $55,000 per annum.
A second, signage, lease provides an additional $1000 per annum.
The building lease expires December 2019 with a five year option however the lease includes a demolition clause with two years notice.
Takis said he expected strong interest from both investors and developers.
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Burke Road, Camberwell investment has development upside‏

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A Chinese investor has paid $12 million for a four level, 930sqm Queen Street property in Melbourne’s CBD, sold as a vacant possession.
The property, 338 Queen Street, offers ground level retail and three upper floors of office space.  
Savills CBD sales director Clinton Baxter said the property had sold on a land rate of $41,379 sqm, adding the buyer had flown into Melbourne for one day to view the property. 
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