One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

Joel Robinson

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Restaurant

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The recently completed three level Gotham Grill and Rooftop Bar is set for November 14 auction.
Situated in Runaway Bay at 6 Bayview Street, the asset comes with a 554 sqm site area.
There is 302 sqm NLA.
The property is being marketed and sold by Ray White Commercial Gold Coast agents Michael Willems and Jackson Rameau.
Mr Willems said the property was a multi-level modern style purpose-built building with excellent exposure and access.
“The premise is leased for a term of 10-years plus 2x5-year options commencing 16 March 2018 and produces a net income of $212,695* p.a. plus GST,” Mr Willems said.
The ground level also provides car parking for 13 open bay car parks.
The upper two levels are allocated for restaurant use. All levels are available via an elevator.
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Gotham Grill and Rooftop Bar, Runaway Bay premises set for auction

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A new Melbourne restaurant – known as Hazel - is due to open on Monday the 14th of October.
Located inside the T&amp;G Building at 164 Flinders Lane, Hazel will be open Monday – Saturday for lunch from 12pm to 4pm and for dinner from 6.00pm – 11.00pm and for Sunday lunches from 11am – 5.00pm.
“We want our produce to speak for itself” said Head Chef Zac Nicholson.
 “We have a great relationship with our suppliers and want to represent their product as best we can. We will be creating dishes that we like to eat, that are simple and approachable and add to the overall guest experience.”
The venue has also stated that they will boast a wine list of upwards of 120 bottles, as well as a beer selection from local breweries.
The Hazel’s sister venue, Dessous, is slated to open 1 week later on Monday the 21st.
Both ventures are backed by the Cremorne-based Mulberry Group.
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Hazel, Melbourne's newest restaurant opens mid-October

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The heritage-listed former home of Prahran’s renowned Jacques Reymond restaurant has been listed for sale.
Reymond, who owns <a href="https://www.commercialrealestate.com.au/property/78-williams-road-prahran-vic-3181-2015612121" target="_blank">the Victorian mansion at 78 Williams Road</a>, closed the doors of his restaurant in 2013 after a number of decades.
He entertained the likes of Elton John, Kylie and Danni Minogue, Michael Schumacher and Cliff Richard.
It became Woodland House, the two-hatted fine dining restaurant ran by Thomas Woods and Hayden McFarland, in 2014.
They bought out Reymond, who was their mentor, but were forced to appoint liquidators earlier this year.
In the 1980s it was home to highly regarded restaurant Allison's.
<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/2019/9/11/Jacques%20Reymond%20PRAHRAN%202.jpg" alt="">
Colliers International’s Guy Wells, Ben Baines and Alex Browne are marketing the 1,010 sqm property with a $4.1 million to $4.51 million guide.
The grand gold-rush era property was originally constructed as one of two identical residences in the 1880s as a wedding gift to the owner's daughter. The Reymond family paid $1 million back in 1993.
The neighbouring property is a four bedroom home with formal dining room, living room and ground floor kitchen area.
“Offering rich history and endless charm, this is a rare opportunity to acquire one of Melbourne’s most recognizable buildings and influence the next chapter of this iconic property’s outstanding story," Wells said.
“The property, with its heritage façade, expansive rooms, abundant natural light and high quality improvements, offers a wide range of potential future uses.
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Wells suggested 78 Williams would suit a conversion back to a grand residential property with its high ceilings, large land holding and surrounding proximity to prestigious schools, major arterials, parklands and retail amenity.
Wells also suggested the building could suit medical offices, as well as having the potential to be converted in to heritage apartments within the existing envelope.
 
 
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Former Prahran home of award-winning Jacques Reymond restaurant hits the market

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The restaurant and bar space currently tenanted by Streetcorner Jimmy in Teneriffe's converted London Woolstore has been listed for sale.
The ground floor commercial premises at <a href="https://www.commercialrealestate.com.au/property/i-36-vernon-terrace-teneriffe-qld-4005-2015488394" target="_blank">36i Vernon Terrace</a> has recently undergone an internal refurbishment paid for by Streetcorner Jimmy to create a rustic, urban space.
They restored the unique character features of the building, with complementing modern elements.
Streetcorner Jimmy have a five-year net lease until 2023 with a fixed four per cent annual increase.
They have options until 2034 and are currently paying $98,800 + GST per annum.
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The property has a 215 sqm building area, made up of 140 sqm internal and 75 sqm undercover outdoor dining area.
There's a secure park in the building's parking facility.
Ray White Commercial Queensland agent Michael Feltoe has a September 6 auction.
"Fundamentally, this investment ticks all the boxes, an unrivalled corner location in a high traffic area and a landlord friendly lease to a high quality tenant who is performing exceptionally well," Feltoe said.
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The original Woolstore was designed in the early 1910's by acclaimed architect Robin Dods.
Walls &amp; Juster built the heritage-listed Vernon Terrace warehouse for Australian Mercantile Land &amp; Finance (AML&amp;F) who had purchased the land in 1910.
The original Hall &amp; Dods architectural plans included a second store, which was built around a decade later.
The property was sold in 1980 to Pacific Fire Protection, which used level three for customer storage, while leasing level four to TL Tourrier &amp; Co. Pty Ltd Woolstore.
The Brisbane City Council's Teneriffe Development Plan suggested recycling the buildings as a wool exhibition and tourist centre, however, in 2004, the Australian Property Growth Fund purchased the building and refurbished it to create 89 apartments.<a href="https://en.wikipedia.org/wiki/Australian_Mercantile_Land_%26_Finance_Woolstores#cite_note-2"> </a>
Push Architecture designed the redevelopment.
The Federation era, four storey, brick and timber warehouse is capable of storing 14,000 wool bales.
 
 
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Streetcorner Jimmy premises in Teneriffe's London Woolstore for sale

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An established café/restaurant site located in the Brunswick Cumberland Hotel Building has just been leased.
It was listed by Craig McKellar of CVA.
The 236 sqm property at Shop 1, 337-341 Sydney Road was leased for $112,500 per annum by Plonk Bar &amp; Eatery Pty Ltd.
They are the current owners of Vale Bar &amp; Eatery in Ascot Vale.
It is a 5 + 5 + 5 + 5 year lease term equating to a building rate of $476/sqm.
The property features a first floor office, seating capacity for 95 patrons, general liquor licence, and 5 on-site parking spaces.
It is supported by transport services at its doorstep.
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Plonk Bar & Eatery leases Brunswick restaurant

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The former Coachman Restaurant in Redfern, transformed in 1961 by well known restaurateur Wolife Pizem, has been listed for sale.

The property at <a href="https://www.propertyobserver.com.au/%20https:/www.realcommercial.com.au/property-retail-nsw-redfern-503233454" target="_blank">763 Bourke Street</a> has undergone a large scale renovation and refurbishment since the Russian Coachman Restaurant closed its doors in 2012.

It was back in the early 1960s when famous local restaurateur's Wolfie Pizem and Joseph Malek converted the 1820s built cottage into a restaurant, adding a kitchen and a bar.

It last traded for $500,000 in 2001 when sold by Diane Malek, the widow of the late Joseph.

The heritage-listed property, which was known as Roseheath Cottage, was built by hand by convicts for Thomas Campbell.

It was built on a consolidated 40 acre estate owned by nurseryman John Baptist. The 40 acres were subdivided in the 1880s, creating Baptist, Telopea, Boronia and Zamia Streets.

<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/2019/6/25/736%20Bourke%20Street%202.jpg">

The cottage was one half of a semi-detached pair. In 1915 the house was purchased by Samuel Goldstein, a shirtmaker, who used part of the building as living quarters and the other half as a ballroom.

Pizem and Malek named the restaurant The Coachman and it quickly became a regular haunt for local business people, in particular the rag trade.

It would go on to host a number of national and international celebrities.

The attached warehouse, which had an above ground pool that was used as a lobster tank, was demolished in 1967 to make way for a four storey apartment building.

<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/2019/6/25/736%20Bourke%20Street%203.jpg">

In 1995 the restaurant was renamed the Russian Coachman up until its closure seven years ago.

The property with exposed sandstone and a number of large fireplaces has around 500 sqm of indoor and outdoor space. It was listed for rent earlier this year at $195,000 per annum.

It is being marketed by CBRE agents Nicholas Heaton and Matthew Fenn as being suitable as a restaurant, creative office or childcare facility.

 

New projects near Redfern:

[smartcode_project:default project_id=24323]

[smartcode_project:default project_id=7588]

[smartcode_project:default project_id=5811]
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Former Coachman Restaurant premises in Redfern up for sale

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The Artisan restaurant and homestead on the Mornington Peninsula has been offered to the market.
The Artisan Kitchen and Wine Bar at <a href="https://www.realestate.com.au/property-house-vic-red+hill-131222066" target="_blank">164 Arthurs Road</a> in Red Hill is one of the area's most popular dining spaces.
The bistro and wine bar, created with a focus of the flavours and colours of the south of France, is a fully farm-to-table menu.
The food is prepared from locally grown ingredients.
The Artisan restaurant has a full commercial kitchen with a prep room and the dining room is fully licenced and seats up to 75 internally and on the terrace. It has parking for around 18 cars.
<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/2019/6/11/Artisan2.jpg" alt="">
The property was previously Poffs Restaurant and was home to Jon Cecil Fine Art, which originally operated in Melbourne's South Yarra and Sydney's Double Bay in 1975.
In the 2,810 sqm grounds is a four bedroom homestead with a swimming pool that overlooks the neighbouring vines from the boutique bed, breakfast and vineyard Lindenderry.
The property last traded for $1.6 million in 2016 before Artisan opened. Its previous trade before that was $153,000 back in 1989.
Michael Keating International has the listing.
 
 
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Artisan restaurant and homestead in Red Hill listed

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The Bronte Road Bistro, located in the heart of Waverley's retail precinct, is set to go under the hammer later this month.
Located in Sydnery's eastern suburbs at <a href="https://www.realcommercial.com.au/property-retail-nsw-waverley-503215162" target="_blank">280-282 Bronte Road</a>, the property has been home to the French-bistro style restaurant Bronte Road Bistro since 2008.
They have a new secure long lease until May 2022 with a further five year option.
The freestanding property on 125 sqm comes with a net rental return of $100,783 per annum with a fixed rental growth of three percent per annum.
It has a commercial kitchen and a fit-out focusing on bringing in light in to the timber-floored internal area. There's also a number of outdoor dining tables.
<img src="https://www.urban.com.au/images/2019/6/11/Bronte%20Road%20Bistro.JPG" alt="">
The property has a secure car space located on the property, as well as having a liquor licence.
It is set for auction on the 27th of June through LJ Hooker Commercial agent Steven Kruyer.
The property last traded for $1.95 million in 1997.
Owner and partner of Bronte Road Bistro Stewart Parsons re-opened Woollahra's famed Claude's restaurant after it closed in 2015.
He and chef Cameron Johnston took over the premises and renamed it St Claude's.
 
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Home of Waverley's popular Bronte Road Bistro for sale

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A new Italian café and bar, Valentini's is the latest addition to the Melbourne’s Equitable Place.
Fitzroy agent Alex Shum negotiated the five-year lease with a five-year term for the 101 sqm space at 12 Equitable Place at $110,000 per annum on behalf of a private investor.
The deal reflected a building rate of $1,090 per sqm.
The new offering, Valentini’s, will offer old-school Italian foods and wines, and high-quality coffee.
It features a full wall mural painted (pictured) by Italian artist Giorgio Marzo, artist name Smoe.
Valentini’s is the latest venture from an experienced operator in the hospitality industry who has owned, operated and managed venues in South Melbourne, Carlton and the CBD. 
Mr Shum said the enquiry received for this space came from "a range of hospitality operators and fashion retailers looking to secure their own place in Melbourne’s famous laneway culture,”
Equitable Place already offers unique hospitality offering such as Brown Bagels, B’cos Brazil, Blank, Viet St., Kenny’s Bakery, Dodee Paidang and Madam I’m Adam.
It attracts a strong flow of customers from Little Collins Street, Collins Street and Elizabeth Street, and Shum said Valentini’s would bring a strong complementary offering.
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Newly leased Italian venue, Valentini's offered in Melbourne’s Equitable Place

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No word yet on just when Kylie Kwong will close her Potts Point restaurant Billy Kwong.
It was announced in March that it would close in the next few months with the acclaimed chef and restaurateur set to open a small, casual eatery from as early as July.
<p data-gtm-vis-first-on-screen-8765012_16="6862" data-gtm-vis-total-visible-time-8765012_16="4000" data-gtm-vis-first-on-screen-9076555_17="6863" data-gtm-vis-total-visible-time-9076555_17="4000" data-gtm-vis-first-on-screen-8882279_17="6864" data-gtm-vis-total-visible-time-8882279_17="4000" data-gtm-vis-has-fired-8765012_16="1" data-gtm-vis-has-fired-9076555_17="1" data-gtm-vis-has-fired-8882279_17="1">"I turn 50 this year and in order to mark the milestone I wanted to take a different direction in my life," Kwong told The Good Food Guide.
"I want to spend more time collaborating with partners and mentors locally and around the world.
Details of the new eatery are yet to be confirmed but the venture will focus on native, organic and local ingredients, Kwong said.
Billy Kwong opened in Surry Hills in May 2000 and in late 2014 the restaurant relocated to a larger site on Macleay Street, Potts Point.
<div class="adWrapper ad">Kwong says the decision allowed her to devote more time to social enterprises and other industry projects.</div>
<div class="adWrapper ad">It will let her travel to events such as the Rene Redzepi-founded MAD symposium in Copenhagen "and have meaningful conversations about serious global issues".</div>
"I can then bring those concepts and ideas back to Australia and localise them, whether it's the way we deliver them in our daily food or a topic we discuss at our MAD Mondays Sydney talks I curate."
Kwong was now looking for a new tenant to take over the site on Macleay Street.
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