Inner City Commercial Property News

A bidding war for an Abbotsford commercial property saw two bidders accumulate a whopping 300 bids. 

Breathe easy, everybody. Franco Cozzo isn’t leaving his beloved Footscray, just yet. 

Melbourne furniture king Franco Cozzo has sold his Footscray store, ending a 50-year reign in the inner city suburb.

Local investors are pouring into Perth’s office market in a sign that interest in the city’s office towers will be lasting as leasing demand in the resources capital picks up and tenants scramble for space. 

Pub billionaire Justin Hemmes is one of a slew of high-profile local developers and international investors to inspect Sydney’s prized Coogee Bay Hotel, which has hit the market with a price tag of more than $250 million.

A rundown corner shop in Melbourne’s inner-north has fetched a whopping $1.8 million after sending buyers into a buzz this month.

The private O’Brien Group Australia’s purchase of the Icebergs Dining Room and Bar at Bondi Beach from former adman John Singleton for about $15 million will help it grow its leisure empire in Sydney by giving it an exposure to the booming top-end dining market.

The tussle between Sydney’s long-time family publicans and a new breed of fund managers for the city’s most lucrative properties has seen the Marlow Hotels Group edge out rival bidders to buy the Peachtree Hotel in Sydney’s western suburb of Penrith.

The “scummy” St Kilda hostel revealed as The Block’s newest project has the potential to be the reno show’s biggest ever seller when it’s recreated as five mansions.