The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherTue 17 Apr 18

Former Fratelli Fresh Waterloo Hits the Block

9fbda985-1216-4caa-af89-5c7075219060

The former home of well-known Sydney Italian restaurant Fratelli Fresh in Waterloo has been listed for sale, with price expectations tipped to exceed $25 million.

Located at 3-7 Danks Street, the asset is the headquarters to eatery and produce chain Fratelli Fresh and was listed for $25 million.

The space has spent the past decade operating as a restaurant and grocery “food hall” until Urban Purveyor Group acquired the brand in 2016.

Now, with Fratelli Fresh headquarters on the market, Urban Purveyor Group expect strong returns thanks to its size and location.

CBRE’s Harry George said that its commercial potential would be a strong selling point.

“It is expected that this building will be repositioned to a mixed-use development including commercial office, showroom and retail,” George said.

“Office space requirements are changing, with tenants now seeking creative office space in locations such as Waterloo that are close to amenity and public transport.

The property sits on a 2,125 square metre site and comprises a two-storey building with GFA of 4,250 square metres.

Curtain closes on Melbourne theatre restaurant

After almost 30 years in the same hands, Dracula’s Cabaret Show & Dinner in Melbourne was listed for sale with expectations around the $10 million mark.

The two-storey building at 100 Victoria Street is located directly opposite the new “CBD North” Underground Railway station, at the intersection of Cardigan and Victoria Streets, in the northern pocket of Melbourne’s city fringe. CBD North will be renamed “State Library”.

The property, which is being offered for sale vacant possession, features a fully-serviced theatre, multiple access points, a full line commercial kitchen and an activated rooftop, in addition to an existing late night liquor license.

CBRE’s Josh Rutman said the existing improvements and blank canvas would be a key buyer draw card, providing ultimate flexibility to the end purchaser.

“The property would suit a variety of long term uses given the genuine potential for additional levels to be constructed upon the existing building or a complete redevelopment into a much larger building in the future, subject to relevant planning approvals.”

“Authorities have earmarked the precinct as part of the City North plan, which will see increased development and density over the coming years, making 100 Victoria Street ideally suited for use as a nightclub, multi-level restaurant or hospitality concept.”

The building’s location has made it subject to the City North plan, which will see increased development and density over the coming years

Major investments into the precinct have been made by some of Melbourne’s largest universities, such as the recently approved Carlton Connects joint venture between Melbourne University and Lendlease, and a range of student accommodation developments and award winning residential projects have followed suit.

Other major developments in the precinct include Scape Student Living’s student accommodation development at 393 Swanston Street and Hengyi’s 70-level tower at Swanston Central.

OtherRetailResidentialOfficeAustraliaMelbournedo not useReal EstateOther
ADVERTISEMENT
TOP STORIES
Exclusive

Billbergia’s John Kinsella: Whiskey, Fun and a Fear of Heights

Vanessa Croll
8 Min
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Wel Co's Thornhill Park, 40km west of the Melbourne CBD.
Exclusive

Waiting for Victoria: Why Wel.Co says State Planning isn’t Working

Marisa Wikramanayake
6 Min
Woods Bagot Principal Alex Hall and Penny Place Adelaide
Exclusive

Amplified Affordability: Woods Bagot Cracks Housing Cost Code

Leon Della Bosca
8 Min
Goodman Brisbane Industrial EDM
Exclusive

Olympics a ‘Springboard’ for Brisbane’s Industrial Age

Clare Burnett
6 Min
View All >
Nettleton Tribe Architects' rendering of the new Melbourne Pathology hub on the Costco Docklands site at 331-381 Footscray Road, Docklands.
Healthcare

City Considers Sonic’s Plans for Docklands Costco Site

Marisa Wikramanayake
High-density residential construction in Melbourne
Finance

‘More Private Credit than Cranes’ But That’s About to Change for Melbourne

Taryn Paris
Ocean reef marina in perths northern beaches will include a new marina, business area, dining and homes
Development

Perth’s Ocean Reef Marina Development Site Sale Looms

Renee McKeown
The 1000-home precinct north of the WA capital will include the city’s first coastal pool and protected man-made beach…
LATEST
Nettleton Tribe Architects' rendering of the new Melbourne Pathology hub on the Costco Docklands site at 331-381 Footscray Road, Docklands.
Healthcare

City Considers Sonic’s Plans for Docklands Costco Site

Marisa Wikramanayake
2 Min
High-density residential construction in Melbourne
Finance

‘More Private Credit than Cranes’ But That’s About to Change for Melbourne

Taryn Paris
7 Min
Ocean reef marina in perths northern beaches will include a new marina, business area, dining and homes
Development

Perth’s Ocean Reef Marina Development Site Sale Looms

Renee McKeown
2 Min
Mt Coot-tha EDM
Infrastructure

Vision Unveiled for Brisbane’s Mount Coot-tha Precinct

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/-former-fratelli-waterloo-home-hits-the-block