Melbourne Catholic Archdiocese Sells Albert Street Properties for Nearly $30 Million

The Catholic Archdiocese of Melbourne has sold a group of terraces on Albert Street in East Melbourne for a combined price approaching the mid-$30 million range. The properties sit on the block between Lansdowne Street and Morrison Place, opposite the St Patrick’s Cathedral complex. 45 million.

Additional terrace sales include No. 53 million in May, No. 58 million, No. 7 million, and No. 40 for a similar amount. 36 million. Stonebridge agents Julian White, Max Warren, Dylan Kilner and Chao Zhang handled the transactions under instruction from Charter Keck Cramer’s Jessica Crossland and Tom Byrnes.

The archdiocese has also listed James Goold House, an eight-storey office tower at 224-230 Victoria Parade, with a price tag in the mid-$20 million range. 5 million, currently houses the Melbourne Archdiocese Catholic Schools’ head office. Cushman & Wakefield agents Oliver Hay, Daniel Wolman and Leon Ma are marketing the property with advice from Charter Keck Cramer’s Jessica Crossland and Conor Sargent.

09 million after six bidders competed at auction. 8 per cent yield. A property at 172-176 Little Bourke Street in Chinatown will be auctioned on June 25. The site, held by the same family since 1964, is listed with an expected price of about $5 million.

65 million to a local private family. 5 per cent yield. A 3565 sq m site at 54-56 Maroondah Highway and 10-12 Olive Grove in Ringwood is also listed for sale with an expected price of around $11 million. Italian furniture company UniFor sold its vacant office at 448-454 La Trobe Street in West Melbourne for $5 million.

08 million. Gorman Commercial’s office at 415 Riversdale Road in Hawthorn East is listed for sale with an expected price above $13 million. The four-level building, developed in 2008, is owned by Anne Michaels of sheBuilt.