Maccas has already announced plans to phase out plastic cutlery.
An owner-occupier in the IT hardware sector has splashed out $10 million on a major office-warehouse in Maribyrnong.
The deal for 2-4 Mephan Street was struck at the pre-Covid asking price, which indicates that some types of property are proving themselves more useful in the new era.
CBRE agents Bryce Pane and Harry Kalaitzis negotiated the transaction with Glyn Bosisto and Tom Davis from Bosisto Commercial.
Mr Bosisto said: “The rapidly changing retail environment under Covid-19 is accelerating the transition of many major online retailers towards large centralised click-and-collect bricks and mortar platforms in favour of the traditional retail model.”
The 8364 sq m office is on a 14,900 sq m site that was previously occupied by foam fabricating business RMAX on a lease that ends this month.
“This competitive sale campaign highlights that, despite the pandemic, there is strong demand from industrial owner occupiers and developers for prime infill assets on significant land holdings,” Mr Pane said.
One of the city’s oldest cafes, Don Camillo’s, has quietly closed down during the pandemic lockdown and is now for sale.
The Lanteri family established Don Camillo’s in 1955, living upstairs and serving up pasta and coffee from one of those new-fangled espresso machines.
It recently underwent a $200,000 upgrade with expectations that the business operator, martial arts maven Sam Greco, would exercise his ten year option. But Covid restrictions appear to have delivered a death knell.
While the cafe at 215 Victoria Street cafe lost some of its old world charm in the make-over, it still has its terrazzo floor.
Killen Thomas agent John Camilleri is handling the sale of the 200 sq m building and is expecting more than $1.8 million.
Rocco’s hold on
Meanwhile, the Bufalo family which has owned and operated Rocco’s Hand Made Shoes in Malvern, for more than 40 years, has withdrawn the property from sale.
Barry Plant Commercial agents Benjamin Klein and Dean Sirianni originally had the 278 sq m shop slated for auction on July 17, quoting between $1.35-1.4 million.
The auction was then converted to an expressions of interest campaign. Six bids of around $1.5 million were received, Mr Klein said.
But at the last minute, the family decided to hold on to the property at 41-43 Station Street, which they have owned since 1986. Selling was too big a wrench for Rocco Bufalo.
Monolith Developments is selling off a 2512 sq m site in Wantirna South opposite Knox Shopping Centre.
The former drive through restaurant at 500 Burwood Highway forms the front of a larger 5568 sq m site Monolith bought for more than $11 million in 2017.
The Chinese capital-backed developer has almost completed a town house project at the rear of the site.
JLL agents MingXuan Li and Steve Kelly are handling expressions of interest in the property which has a permit for an eight-storey mixed use project.
The property is expected to fetch more than $6.8 million. The campaign closes on August 13.
Nicole Lindsay is a property reporter at The Age.