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Friday, 9 November, 2012
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Connecting people and communities
Friday, 9 November, 2012 Page 19
New Homes& Homes&Land
Tide turns on festival By CHERIE DONNELLAN FIRE twirling, wearable art parades and local musicians will enliven Torquay’s streets during a revised community festival next month. Torquay Festival’s organisers believed the change of name from High Tide Festival would encourage a “different” community focus. Festival committee member Melissa Hooiveld said the December 1 event would celebrate the town’s “beach lifestyle” and “friendly community atmosphere” while featuring local talent. “We’ve got children’s entertainment, workshops and an open-mic marquee running throughout the afternoon as well as a twilight market,” Ms Hooiveld said. Festivities would begin in Bell St near the foreshore at 3pm and finish with a fireworks display, fire twirling and a “moving display of wearable art” at Cosy Corner about 8pm, she said.
1300 348 847 LONG Island Homes’ Lantau reflects the builder’s emphasis on quality and coastal design cues.
Built for modern families lifestyles. Each home features ample storage, old-fashioned-size bedrooms, spacious utility room laundries, studies for parents and children to share and kitchens that double as entertaining spaces. The Lantau in particular is perfect for large families with coastal lifestyles. The two-storey home features five bedrooms, a contemporary kitchen and a
large open-plan living space flowing on to a fully-covered outdoor area. The single-storey Taya is just as impressive. A key area of importance to Long Island homes is energy efficiency, with an abundance of natural light in every home on top of the usual 6+ star energy rating. Managing director Craig Delaney
says Long Island Homes has flexibility and takes time to identify each family’s individual needs. “You know, I can’t think of a time we have not tweaked a home in some shape or form for one of our clients,” he says. “We get it right the first time rather than have clients feel they’ve compromised.”
Long Island Homes displays are open 11am to 5pm daily at Silky Oak Blvd, at the Warralily Estate, Connewarre – just 80 metres from the land sales office. More information on the display is available by phoning 1800 60 40 11 or visiting www.longislandhomes.com.au
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GEELONG’S SOLAR POWER SPECIALISTS NEW GUIDE TO HOMES • GEELONG • SURFCOAST • BELLARINE AND LAND
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LONG Island Homes has opened two stunning display homes at Armstrong Creek’s Warralily Estate. Long Island is finally calling Geelong home with the opening of the singlestorey Taya,( 32 squares) and two-storey Lantau (41 squares). Both homes boast plenty of contemporary features to cater for modern family
INSIDE 8/32 Essington Street, Grovedale • SHOWROOM NOW OPEN
HIGH TIME: Pat Eagles, Brooke Leal, Vonda Tillg, Glenn Zimmer and Melissa Hooiveld are pictured promoting the Torquay Festival. Picture: Tommy Ritchie 89857
• www.citytosurfsolar.com.au
Rents ‘cut 40%’, talk of redevelopment
Centre of darkness By NOEL MURPHY STOREKEEPERS and staff at Torquay Central are in the dark about their future, with the beleaguered shopping centre’s receiver throwing it up for sale. Shopkeepers revealed rents were cut 40 per cent last year in a bid to keep the centre afloat following a series of store closures Big name franchises to shut at the centre include Country Road, Brown Sugar, Tony Bianco, Mossman and Donna Ferrari. A short-lived lolly shop, a discount cosmetics outlet and a Lorna Jane store also closed recently, while
a fashion shop was this week offering an all-stock sale with prices from $5. Austexx bought Torquay Central for $16 million in 2006 but the centre has struggled to consolidate itself without tenants such as banks, doctors, newsagents or pharmacies. The centre went into receivership in July 2011. KordaMentha is selling the 33-store centre “in one line’’ through agents CBRE and Darcy Jarman Gross Waddell. They have advertised it as a going concern with an estimated net income of $1.533 million a year on a fully leased basis and excluding any rentfree or lease incentives.
1 DAY SALE O
The CBRE last month cited net income of $1.447m and current income of $1.281m. They have also suggested subdivision potential. The Coffee Club’s Ying Gu said rents fell as much as 40 per cent last year but were still expensive compared to other parts of Torquay while drawing fewer customers. Staff of other stores, who spoke on condition of anonymity, told the Independent they were in the dark until for-sale hoarding was erected. “There’s been talk of bringing in shops like pharmacies and I saw a bunch of suits looking around the other day but we haven’t been told
anything,’’ one staffer said. Another told of “rumours that shops would be knocked down and townhouses put up”. CBRE’s Mark Wizel said the centre was one of the Surf Coast’s “moststrategic” retail assets. The centre provided “investors and value-add players with an opportunity to exploit the centre’s high underlying land value and strong investment fundamentals,’’ he said. Darcy Jarman Gross Waddell’s Tim Darcy said the centre was becoming “increasingly popular” with local shoppers and would likely attract a “wider range” of tenants. Tenders close November 22.
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1300 348 847 GEELONG’S SOLAR POWER SPECIALISTS • GEELONG • SURFCOAST • BELLARINE
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