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CBD freehold listings flower during lockdown

Colliers International agents Oliver Hay, Mathew Stagg, Daniel Wolman and Leon Ma have the listing with Uptown Partners’ Brendan Hamill and Jonathan Sher.

Despite Melbourne’s lockdown crushing all activity (except taking a walk) transactions are getting done.

The virus-ridden Rydges Hotel in Carlton was acquired by Ross Pelligra’s Carlton Hotel Holdings last week and East Melbourne’s Magnolia Court at 95 Powlett Street also sold.

Hotel developer Primeland Group paid $9 million for the hotel complex in an off-market deal handled by Teska Carson’s Luke Bisset.

JLL’s Will Connolly sold The Wayside Inn in South Melbourne for more than $3.5 million and is now marketing a Macedon Ranges winery at a similar price point.

The Clevedon Winery is set on 40 hectares in Lancefield and comes with an historic homestead that sleeps up to 12 guests and 50 other guest rooms.

With little interstate or overseas travel on the horizon, regional destinations are looking very alluring.

Mt Eliza estate

Also out of town, Hengyi has lodged plans for its $160 million redevelopment of the Beachleigh estate in Mt Eliza.

Hengyi is planing a $160 million luxury retirement community in Mt Eliza.

Hengyi is planing a $160 million luxury retirement community in Mt Eliza.Credit:

Hengyi’s plans to turn the historic 3.41 hectare site into a retirement village is a strategic move away from its city-based apartment towers.

The original heritage-listed mansion and buildings, constructed in 1878, will be restored as part of the new estate and a further 105 units in eight new buildings will be built in the grounds, along with a gym, library, cinema, restaurant, bar, indoor heated pool and spa.

The property has a 200 metre waterfront to Canadian Bay that will be open to the public and an historic chapel will be turned into a cafe.

Heritage experts Lovell Chen have been hired to oversee works and VIA Architects and landscape experts Tract will design the new estate.

Hengyi paid $17.5 million for the 33 Jacksons Road property which has been a local hospital, an aged care facility and the Royal Children’s Hospital’s polio ward in the past 100 years.

Stowe it

Electrical contracting group Stowe Australia, has sold its head office at 67-69 Buckhurst Street in South Melbourne for around $6.4 million.

There were seven expressions of interest for the property.

There were seven expressions of interest for the property.Credit:

Stowe, established in 1910, is moving to new bigger digs at 115-117 Salmon Street, Port Melbourne, which it purchased last year for $7.285 million.

Both deals were negotiated by Dixon Kestles agent Simon Regan, with the Port Melbourne sale done in conjunction with CVA’s Ian Angelico.

The 1800 sq m South Melbourne property, constructed by Andrew Schwartz in the 1980s, is on a 903 sq m parcel of land in the Montague precinct.

Mr Regan said there were seven expressions of interest for the property which was purchased by Incore Developments, the property arm of civil engineering company, the Symal Group (previously known as Civilex). Incore is planning a 12-storey office building for the site.

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