Yarra Valley Chateau Yering heritage hotel and gardens for sale

Previous auctions have already brought in around $40 million in sales, and an art auction last October disposed of Oviss’ large collection of modern art and furniture.

Oviss, who died in January 2021 at the age of 97, amassed a large number of stores.Credit:

Fitzroys agents Mark Talbot, Tom Fisher and Chris Kombi tend to the auction at Leonda by the Yarra on June 23.

On the block are freehold shops on the established strips of Swan Street, Richmond, Koornang Road, Carnegie and Hampton Street, Hampton.

Mother Earth

Inner North organic goods emporium Terra Madre left its historic rabbit hole in Northcote’s Westgarth Village last year to establish a large, airy new showroom in Brunswick.

Records show Brunswick building salesmen Sam McGinley and Ryan O’Connor also own the Terra Madre business, which is both a wholesaler and retailer of organic fresh food and produce.

Founded in the 1990s as Fruit Peddlers by McGinley’s mother, Cath McGinley, the business has undergone a name change and two expansions at the original High Street premises.

The supermarket at 775-781 Sydney Road is four times the size of the original Northcote on a 1538 square meter site, with parking.

He has a new 10-year lease with two five-year options, bringing in $300,000 a year.

CBRE agents Alex Brierley, Nathan Mufale and Jing Jun Heng are handling expressions of interest.

corner site

A 900m² site on the corner of Gore and Leicester Street is up for sale for the first time since 1985.

Records show that the current seller, Watermelon, purchased the property directly from the British United Shoe Machinery Company for $340,000.

Shoemaking and textiles were mainstays of the industrial heartland of the interior north until the deregulation of the industry in the 1980s-1990s.

The 780 square meter warehouse at 450 Gore Street was most recently occupied by photographic processing and supplies company Vanbar Imaging, which is keen to stay put. The photo store pays $10,217 a month in rent.

Chris Kombi and Chris James of Fitzroys are leading the expression of interest campaign. The site is within the Fitzroy East and Johnston Street North development area and is zoned mixed use. It is expected to sell for over $8 million.

It’s another piece of old Fitzroy falling into the hands of the developers. Other major deals include Piccolo’s acquisition of an Australia Post distribution center at 371-385 Gore Street for $14.27 million; and Beulah’s purchase of 430-434 George Street for $12.2 million.

Closer to Johnston Street, the McCoppins site recently sold for $18.5 million and the Streamline Press site is expected to fetch around $20 million.

Moving of the Grimleys

Recent movements in Collingwood also reveal the rapidly changing landscape of the northern outskirts of the city.

Construction industry supplier Grimleys moves from its Collingwood warehouse to the industrial district of Fairfield.

The 30-year-old company, which supplies fasteners, anchoring systems, adhesives, tools and safety products to builders, is moving to a 1690m² warehouse at 161 Perry Street, corner of Chingford Street.

Gray Johnson’s agent Rory White said Grimleys were moving out of the inner north to be closer to customers.

“They are moving to be closer to their customers in the building and construction industry who have also moved farther,” White said.

The Grange Road move also brings them closer to the Eastern Freeway, White said.

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Grimleys took a five-year lease on the building – recently vacated by menswear maker Gazman – at more than $220,000 a year.

Records show the Collingwood premises at 121 Sackville Street were purchased by Grimleys owner Brett Grimley in 2005 for $1.1 million.

It is located between Gold and Hoddle streets in a strip slated for redevelopment along the track. Closer to Smith Street, a 1,556 square meter plot of land at 30-44 Sackville Street recently fetched $17 million.

White says they will be looking for a new tenant for the building.

The companion’s place

A historic building in Albury, where the newly formed Liberal Party held its second founding conference in 1944, is up for sale.

The Mates Center at 569 Dean Street is back on the market.

The Mates Center at 569 Dean Street is back on the market.Credit:

The Mates Center at 569 Dean Street is back on the market after more than 10 years in the hands of Crowe Horwath Property Securities.

Crowe Horwath bought the property in 2011 for around $13 million. It is expected to make over $16.5 million this time around.

While the 106-year-old building bears the date 1850 on its historic facade, records show that TH Mate opened its first store elsewhere in Albury in 1850. It opened its first store on the site in 1900 before building some a new one in 1916.

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The 9128 m² shopping center is located on a 4331 m² site and is leased to Lincraft, JB Hi-Fi, Cheap as Chips and TK Maxx. The property is 89% leased and could bring in $1.46 million a year if that last bit had a tenant.

Stonebridge Property Group agents Rorey James and Michael Collins, along with LJ Colquhoun Dixon’s Andrew Dixon, are leading the expressions of interest campaign which will close at the end of the month.

Mates is part of a portfolio of 16 properties that Stonebridge is marketing this month. Nine of the investments will be auctioned in early July.

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