Latest news with #BarwonRiver
News.com.au
19 hours ago
- Business
- News.com.au
Luxury Highton home beats $3m in landmark sale
A luxurious five-bedroom home near Buckleys Falls at Highton has beaten $3m in a rising area of the suburb. The voluminous two-storey residence constructed by custom builder Signature Homes Geelong sold for $3.1m recently, after first hitting the market last spring. Belle Property agent Maree Corda brokered the deal at 50 Rivergum Drive with local business owners who were looking to upgrade in Highton. Burnett family lists Geelong pub after 45 years She said the seven-year-old residence was initially offered off-market, with a number of taking private inspections before the listing went live to the public with $3.15m to $3.35m hopes, later sharpened to a $3.1m single price. 'We had a couple of people genuinely interested throwing figures in the low $2m range,' Ms Corda said. 'The buyers are local Highton people who want to stay in Geelong and upgrade.' The home provides 58 squares of living space, on a 959sq m corner block overlooking the Barwon River. The home offers palatial living with quality finishes and high ceilings, including Italian and German fixtures and dramatic designer lighting enhances the voluminous space. A floating staircase connects the levels, while large windows allow natural light to flood the home, with metal louvres fitted to ensure climate control indoors. The Nobilia kitchen has Dekton benchtops, integrated Liebherr appliances and a butler's pantry and laundry fitted with premium appliances. The living and dining areas have with double-glazed doors, electric blinds and ducted heating and cooling. A protected outdoor area adjacent to the pool is equipped with outdoor kitchen prep area, an imported pizza oven, barbecue, and bar fridge. Ms Corda said the fully automated pool with bubble jets, lighting, and year-round heating, adds a resort-like ambience. The 4-car garage has a custom 6m roller door, 360-degree camera system, backup battery, and Sons-integrated speakers, with additional storage with internal plumbing. The property is the second multimillion-dollar sale in Highton in 2025, beaten by a luxury 2529sq m Willowfield Court estate that hit $5.5m in March. Highton's $875,000 median house price is nearly 5 per cent lower than the same time last year.
News.com.au
08-06-2025
- Business
- News.com.au
New vision for Newtown mill after $32m sale to prominent developer
Hamilton Group is set to reshape the vision for a massive Barwon River development site where more than 300 apartments have been approved at Newtown. Managing director Cam Hamilton confirmed the developer had acquired the landmark former woollen mill at 403 Pakington St, where the approved mixed use development was designed to reshape the urban landscape at the river end of Newtown's shopping strip. Contracts for the circa-$32m deal were signed recently, but it seems the developers are wasting little time turning the project around. Mr Hamilton revealed the new vision would pivot the existing mill building to a project similar to the Federal Mills precinct, but with increased focus on retail and hospitality. The 29,280sq m property would allow for substantial off-street carparking to support the precinct initially, which he said would move underground as the future medium-rise apartment projects moved into construction phase in the next five to seven years. He estimated the new project, which would require a fresh planning permit, would include between 100 and 150 apartments, significant fewer than the 314 apartments and 29 townhouses Geelong's council approved for the existing scheme last year. Cushman & Wakefield agents Oliver Hay, Hamish Burgess, Joe Kairouz and Leon Ma were tasked with finding a buyer for the property through an international expressions of interest campaign. But Mr Hamilton said the group had been eyeing-off the site for decades, having bought the woolstore building opposite at 400 Pakington St in 1995. 'We've had a couple of discussions, years back, but it wasn't sale at that point,' he said. Mr Hamilton said he'd seen rising demand from retail and hospitality operators at the river end of Pakington St precinct, while the mill complex offered about 15,000sq m of floorspace, substantially more than the 4000sq m on offer at 400 Pakington St and Rutland St. 'The interest that I started to get towards the end (of leasing 400 Pakington St) was a lot on the retail focus, and unfortunately we'd leased a lot of the street-facing spaces already,' he said. 'We're going to do a commercial development in the existing building, probably a bit more of a focus on retail and hospitality rather than just purely office. 'Then we're going to look at some apartments, and we'd have four or five blocks of seven storey apartment-type buildings facing the river.' Mr Hamilton said the initial focus would be on the mill complex. The first apartment tower could be seven years away. 'We're adopting a similar design (to the approved project) at the rear of the site, but really focusing on keeping the bones of the (mill) building itself intact,' he said. 'Rather than going out of the top of the existing buildings, we just will restore them, and add arcades and internal gardens as we do on all of our other sites.' Mr Hamilton said the apartments could be a built-to-rent project. Hamilton Group is consulting with Jam Architects, which designed the initial project for the site. The property opened as the Returned Sailors and Soldiers Woollen Mill in 1920. The last textile manufacturer on site, Geelong Textiles and Geelong Dyeing relocating after being acquired by Australian Textile Investments in 2022.
