New Altona cafe site sold for $1.275m after busy campaignA new, fully fitted cafe site has been sold to a prominent local hospitality operator for $1.275 million by Fitzroys. Photo: Supplied

New Altona cafe site sold for $1.275m after busy campaign

A new, fully fitted Altona cafe site has been sold to a prominent local hospitality operator for $1.275 million.

Fitzroys’ James Gregson and Michael Ryan sold the property at 1 Kimpton Way following an expression-of-interest campaign, with the sale reflecting a building rate of $3094 per square metre.

The high exposure corner site of 960 square metres has a two-storey building with an area of 412 square metres, including a first floor function area with balcony.

Mr Gregson said the site was sold with vacant possession and, as the only cafe-restaurant venue in the Access Altona Estate, represented an excellent chance for both investors and owner-occupiers to capitalise on the demand from the surrounding catchment.

He said more than 30 buyer inquiries were received with multiple offers submitted during the campaign.

Developer snaps up Williamstown industrial site for $2.9m

Fitzroys has sold a large Williamstown industrial site for $2.9 million under the hammer.

A Williamstown industrial site has been sold for $2.9 million by Fitzroys. Photo: Supplied A Williamstown industrial site on Tennyson Street has been sold for $2.9 million. Photo: Supplied

The 7081-square-metre site at 64 Tennyson Street, with a combined frontage to of 241 square metres to Fink, Chelmsford and Tennyson streets, was sold to a developer.

Fitzroys agents Chris Kombi and James Gregson handled the auction campaign, in conjunction with Grita Angelucci and Sam Nadde, of Property Au.

Mr Kombi said the site was offered with opportunities for investors, owner-occupiers and developers. More than 60 inquiries were received during the campaign.

Mr Gregson said the property was located in an established and highly sought-after industrial precinct in Melbourne’s inner west, with the owner planning to divide the site into around 30 office-warehouse buildings.

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