A piece of Melbourne's waterfront history hits the market
| 29 June 2016
An opportunity to acquire one of Melbourne’s most sizable and premier waterfront properties has recently come to the market, with the Melbourne Business School, University of Melbourne placing its Mt Eliza campus up for sale.
CBRE’s Bianca Butterworth, Mark Wizel, Lewis Tong and Scott Callow have been appointed to sell the circa 8.9ha (89,300sqm) campus, which includes exclusive beach frontage of approximately 190m.
The property is being brought to the market on behalf of the Melbourne Business School, with strong interest expected from both key local groups and international education institutions.
Located 45 minutes from the heart of Melbourne, the offering includes around 302m frontage to Kunyung Road, private beach access and a range of commercial and private facilities - including conference and training facilities, meeting rooms, office space, four dining facilities plus bar, vineyard, tennis court, volleyball court, 11 mixed-use buildings and a 95 bedroom accommodation facility.
Melbourne Business School’s Chief Operating Officer, Marc Flipo said the School had a long and proud history at Mt Eliza and was confident CBRE would find the right owner to continue to capture and preserve the contribution the site has made to the local community.
“The sale of the Mt Eliza campus, and subsequent expansion of our Carlton campus, will ensure Melbourne Business School continues to deliver world class business education,” Mr Flipo said.
CBRE’s Bianca Butterworth said the opportunity for a buyer to immediately expand educational programs in well-appointed and established school facilities should be a key factor in attracting international education institutions to the Mt Eliza site.
“Despite strong potential for the property to remain as an educational institution, we believe the site also offers an exceptional opportunity for a strategic buyer to re-imagine the property for the next generation,” Ms Butterworth said.
Mr Wizel added; “This site has the ability to appeal to a wide range of buyers and we could see the end use being anything from a boutique hotel to a grand private residence, subject to approval from relevant authorities."
“This is an opportunity to own one of Melbourne’s finest waterfront land holdings, which is underpinned by highly valuable, functional and strategic on-site improvements,” Mr Wizel said.
CBRE will be negotiating the sale via an international Expressions of Interest campaign, closing Wednesday 10th August at 3pm.
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