Thornbury’s abandoned Le Pine Funerals site is defying High Street’s recently bestowed status as the world’s coolest street.
With its boarded up windows, graffiti and run-down cars in the yard,
In July last year, six bidders duked it out at auction for a 1108 square metre industrial site in not-so-trendy St Georges Road, occupied by Tradelink. Also, a commercial one zoned corner allotment, the 316 St Georges Road property sold for $3.355 million on a yield of 4.35 per cent.As property agents spruik the post-pandemic office revival theme, real estate agency JLL has led by example in expanding the footprint at its 101 Collins Street digs by 20 per cent.
“It is the only asset in the market that enables us to fulfil our corporate objective of carbon net zero,” Pilgrim says.JLL’s space has modern touches such as a reception-level cafe, collaboration spaces and facilities for parents and neurodivergent people. At 43-57 Blazey Street, Yarraberg Workplaces consists of 5400 square metres of flexible space across five floors, suitable for office medical or showroom spaces.
Four other purchasers account for the remainder of the 2116 square metres of currently occupied space with prices around $8500 per square metre. The new space is being quoted at $8500-9000 square metre.There’s newest, then there’s ‘most expensive’. A prominent corner retail premises in Prahran has set a sales record for the City of Stonnington, with the $40,214 per square metre land rate exceeding previous benchmarks of $25-30,000 per square metre.
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