People in Alphington and Fairfield might have to wait longer for supermarkets they have been expecting.
Alphington and Fairfield residents have waited a long time for a proposed Coles and Aldi to be built on the former Alphington paper mill site, but that patience may be stretched further.
They have listed their portion of the Alphington paper mill project with the long-awaited retail development and its build-to-rent component – amid a housing crisis – for between $60-$80 million. The three-storey hotel at 899 Heidelberg Road has been leased to Alacrity Health Services after languishing vacant for more than ten years.Once owned by APM, the precursor to Amcor, and used as a lab for the nearby paper mill – now undergoing redevelopment – it was sold to the present owner in 1986 for $400,000.
Fund manager Terraplex is selling the former Bunnings head office at 16-18 Cato Street, East Hawthorn. Interest is expected from owner-occupiers still hunting for the right digs – at the right price – and funds looking for opportunistic purchases. The 180-room hotel, part of Franze Developments’ Geelong Quarter Project, is expected to fetch around $70 million.
JLL’s Josh Rutman, Mark Stafford and Jesse Radisich, with local agents Darcy Jarman’s Tim Darcy and Andrew Prowse are handling enquiries. Urbis is transaction manager.God’s dwellings
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