Inner City Commercial Property News

The Bondi building that once housed iconic beachside destination Bates Milk Bar is on the block, 65 years after it served its first malted milkshakes.

A service station complex on Melbourne’s West Gate Freeway has sold for $22.5 million, making it the most expensive petrol station sold anywhere in Australia in more than 10 years.

Dexus Property Group is selling the home of Australia’s Customs Service in Canberra, with expectations the office precinct will fetch more than $85 million.

Starwood Hotels & Resorts has signed a management agreement with the billionaire Fried family’s Spotlight Holdings Group to develop a 176-room Aloft hotel in Melbourne. This article originally appeared on theaustralian.com.au/property.

The market for major apartment sites in the heart of Melbourne is running hot with the old Melbourne convention site that overlooks the Yarra River close to selling for almost $100 million. This article originally appeared on theaustralian.com.au/property.

Doomsday predictions for Melbourne’s apartment development market are “overstated”, with oversupply not nearly as bad as reports suggest, one agent says.

A dearth of potential development sites in inner-city Fitzroy saw a former factory and warehouse sell less than three hours after being put on the market.

A controversial 74-storey Southbank skyscraper that would dwarf neighbouring Crown Casino is on the cards, with a permitted development site to be auctioned this month.

Popular Sydney mixed-use shopping and office hub the Edgecliff Centre is on the market for the first time in 20 years.