The former Hardware Lane workshop of master jeweller Gary Bradley goes to auction in October.
Mr Bradley, a noted goldsmith, has items collected in the National Gallery of Victoria and the jewel boxes of wealthy socialites.
“I was pretty popular with prime ministers’ wives,” he told The Age in 1997.
The three-storey brick warehouse at 60 Hardware Lane was a former printing works purchased by Mr Bradley in 1984 for $175,000.
It was originally built in 1872 and refurbished by Mr Bradley into a basement workshop and first-floor showroom, with an apartment upstairs.
The 201-square-mtre building is currently occupied by Sicilian seafood restaurant Il Nostro Posto and Le Beau Monde day spa.
It goes to auction through CBRE agents Julian White, Nathan Mufale and Alex Brierley in October and is expected to fetch more than $4 million.
Last week, planning minister Richard Wynne granted permanent heritage protection to the historic Hardware and Guildford Lane precincts.
Hardware Lane was once the location of Kirk’s Horse Bazaar, a horse and livery trading centre built in 1840 by James Bowie Kirk. By the late 19th century, it was home to several hotels no longer in existence. Hospitality made a strong resurgence in the 1980s.
“These laneways have a rich and interesting history and we want them to be protected so they can be enjoyed by generations to come,” Mr Wynne said.
“Like many Victorians I’ve had some great nights out on Hardware Lane and these new heritage protections mean future generations can experience the same.”
Brunswick site set for rev up
Tiling moguls, the De Fazio family, has snapped up the Northside Harley-Davidson showroom in Brunswick, paying $5 million for the 1170-square-metre site.
The 760A-770 Sydney Road property came with a permit for a 61-unit seven-storey apartment building designed by Rothelowman architects.
The building’s vendor, David Reidie, sold his 36-year-old Harley Davidson dealership to the Fraser Group in 2017.
Northside Harley-Davidson currently pays $270,000 a year in rent. It’s understood the dealership lease expires early next year.
RPM agent Paul Dem, who negotiated the deal, said eight written offers were submitted for the property.
“We were really surprised, given the current environment, that eight offers were made. But it wasn’t overpriced and the existing showroom is of a high quality,” Mr Dem said.
De Fazio Tiles & Stone is located down the road at 355 Victoria Street.
Revamp should stand in good stead
The South Melbourne office revamped and occupied by Ewert Leaf architects is back on the market.
The four-level 1078-square-metre office, at 49-51 Stead Street, was purchased by architects Will Leaf and Toby Ewert just over a year ago, along with property developer Ed Farquharson, whose company Moda also operates from the building.
The trio are all involved in online property site Landchecker, which is set to go national next year.
Retail entrepreneur Rus Kogan led a recent $3.5 million capital raising for the property start-up. In March last year, auto lobby group, RACV took a 13.5 per cent stake in the company.
Obviously, keeping pace with investors can be costly. They paid $6 million for the building in 2018 and are expecting it should fetch up to $9.9 million.
Gross Waddell agents Alex Ham and Michael Gross and Colliers International agents Daniel Wolman, Ted Dwyer and Ben Baines are handling expressions of interest that close on September 12.
It’s offered with a seven-year lease to the architects who pay $556,348 a year in rent.
Cafe barons find stables at Piccolo House
Nine Yards, a new cafe from Steve Rowley and Matt Vero, is poised to open in the former horse stables at Piccolo House in South Melbourne.
Piccolo’s most recent project, a $30 million mixed-use site at 228-230 Dorcas Street behind the South Melbourne Town Hall, also includes apartments and office space.
The 130-seat Nine Yards is Rowley and Vero’s ninth cafe – a list that includes Left Field in Carnegie, Plain Sailing in Elwood and Port of Call in Sandringham.
The 178-square-metre venue is in a heritage-fronted building that was once the horse stables. It’s pitched at the breakfast and lunch market.
Fitzroys agents James Lockwood and Stephan Land leased the ground floor retail to Nine Yards at $115,000 a year, plus outgoings, on a five year deal with three five year options.
The 152-square-metre office on the first floor has been leased to Bruni Dunn Advertising for three years with two three-year options at $68,000 a year, plus outgoings – or $447 a square metre.
Strong interest was received from prospective tenants and six offers were submitted in a short period of time, Mr Land said.
“Enquiries came from boutique retail operators such as bridal showrooms, gym and personal training studios and office tenants including such as architects, marketing and business management consultants and advertising,” he said.
Meat processor skewers a buyer
Australia’s largest kebab meat supplier TEK Foods has sold its Campbellfield food processing facility for $2.6 million.
TEK Foods has been pumping out up to 400 tons of kebab meat every month at the 1500-square-metre factory at 56 Lara Way.
Title deeds show SAZ Property settled its purchase in July. CBRE agent Amanda Traficante negotiated the deal.
The SAZ Food Group, established in 1993, produces a wide range of Halal-certified sweet and savoury Middle Eastern Foods.
TEK Foods has shifted operations further north to 882-900 Cooper Street, Somerton.
The factory sits on a large 2415-square-metre site and features in-floor drainage, a large freezer, five cool rooms and multiple processing areas
“The property’s extensive improvements and immediate availability was a major drawcard for the purchaser, given the limited availability of food-grade properties,” Ms Traficante said.
Melbourne Uni science hub seeks retailers
The 735-square-metre of retail space available at the University of Melbourne’s new Melbourne Connect science and innovation precinct is up for lease.
There are eight shops available in the building currently under construction on the site of the old Royal Womens Hospital.
The project, on the corner of Swanston and Grattan streets, is a joint venture between the university and property developer Lendlease and scheduled to open in late 2020.
It includes 10,800 square metres of office space over nine floors, a science gallery and a 528-bed student accommodation wing.
JLL agents Richard Norman and Shane Keogh, with Colliers International agents Tony Landrigan and Milly Stockdale are leasing the office space, while CBRE retail agents Zelman Ainsworth and Jason Orenbuch have the retail listing.
Mr Norman told Capital Gain that negotiations are underway with potential tenants.
Most of the retail is located on the corner of Grattan and Cardigan streets, around an internal courtyard, with two shops on Swanston Street.
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