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Aged care entrepreneur buying burnt down pub site

Property Markets / Transactions

Australia

Mar 09 2017

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Marc Pallisco, The Sydney Morning Herald

Seven years since it was ravaged by fire – which was a month after the local council permitted it for redevelopment – the enormous waterfront parcel regarded as Phillip Island's best site is finding its way into the hands of a new owner.

South Yarra-based aged care provider John Matthies is paying a figure speculated to be in excess of $10 million for the vacant tract of land, which for decades accommodated the Isle of Wight pub.

 

Go to The Sydney Morning Herald to read the full story

SOURCE: The Sydney Morning Herald

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