AROUND $9 million is expected for Caulfield’s Southern Indoor Bowls Club site, with technology and better management of bowling greens forcing its members to put the venue up for sale after 51 years of operation.
Savills agents Clinton Baxter, Nick Peden and Glenn Ye are marketing the 2,295 sqm property at 350 Hawthorn Road in Melbourne’s south-east with vacant possession – excepting a rooftop telecommunications lease – via expressions of interest closing June 5.
The property has a 45-metre frontage to Hawthorn Road, has rear laneway access and has Commercial 1 zoning, offering excellent future development prospects.
“It represents an outstanding opportunity to develop, owner-occupy or value-add for a wide range of possible uses,” Baxter said.
The large three-level building, comprising two indoor bowling rinks, occupies around two-thirds of the site.
“The combination of a dryer climate, far better drainage systems and the use of synthetic grass means that bowlers can now typically play year round on outdoor bowling greens,” he said.
Funds from the sale will be distributed to local lawn bowling clubs.
Australian Property Journal