This article is from the Australian Property Journal archive
WESTERN Australian property developer Port Bouvard has offloaded a development site for $4 million.
The Melros site is non-core asset and since its purchase, the company has obtained subdivision approval for 43 residential strata lots.
It was previously a low-key caravan and camping site.
To date, Port Bouvard has sold $13.7 million worth of non-core assets including Port Bouvard Marina for $4.75 million; Dawesville site for $4.95 million; and Melros site for $4 million.
The remaining non-core asset sites at Port Bouvard: the Southport Hotel site; the Golf Course Villa site; and the constructed Piazza restaurant, continue to be listed for sale.
Australian Property Journal
