Commercial and residential property news
ANOTHER Kew motel with redevelopment potential has hit the market.
The Pathfinder Motel at the south-west corner of Cotham and Burke roads is expected to sell for about $6 million as a development site.
The 24-room hotel, on a 1760 square metre block, is said to be attracting interest from builders who may propose a medium or high density apartment redevelopment – as has been developed on sites next door.
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FOR the week of the Spring Racing Carnival, it’s arguably Melbourne’s busiest roundabout.
But when revellers return to the races next year – things could very different at the frantic intersection of Ascot Vale, Epsom and Racecourse roads, near the main Flemington Racecourse entrance.
The owner of the prominent 1 Ascot Vale Road site, Flemington Development Company, is preparing to lodge plans to develop an environmentally sustainable 20-level apartment tower, on what is now the Racecourse Tavern, Epsom Bistro, a bottle shop, motel and car park.
