Minogue family makes almost $20m in Hawthorn property deal
The Minogue family aren’t just musically talented.
The Minogue family has made close to $20m with the sale of a Hawthorn commercial property to the founder of a shoe chain you’re unlikely to see Kylie and Dannii in.
Spendless Shoes founder John Charlton snapped up the 1592sq m Commercial 1-zoned site with 2366sq m worth of buildings at 108 and 110 Church St for an undisclosed sum near the $20m asking price.
The Minogue family bought the property for $12.5m in 2007 while it was under development.
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It features a three-level building with two-level basement carparking, as well as a refurbished character building with a single-tenancy private office over two levels.
There are 70 secure underground car spaces at the property, which returns a fully leased net annual income of about $931,928.
It has been the headquarters for KDB Pty Ltd, used by Ron Minogue to invest for his wife, Carol, and children, Kylie, Dannii and Brendan.
The sale closes out a year of property action from the family, with Kylie selling an Armadale house she had owned since 1993 for $1.715m in February.
The prominent commercial site.
The pop icon — reported to be moving back to Melbourne — paid $185,000 for it.
Dannii Minogue also recently bought a Hawthorn East house priced at $3.2m for an undisclosed sum.
CBRE’s Scott Orchard, Tom Ryan and Jimmy Tatt handled the sale.
Mr Orchard was contacted by the Herald Sun but could not comment.
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