THE recent sale of two prominent commercial properties in Mansfield has garnered attention from the local community and investors.
A notable 3004 square metre parcel of land located at 25-27 Malcolm Street was recently sold for $1,475,000.
The corner site, with frontages on Malcolm Street and Chenery Street, is positioned within the Commercial 1 Zone (C1Z).
One of the last remaining vacant commercial landholdings in the area, the site has good connectivity to the Mansfield Town Centre and Mount Buller.
The site was previously a Shell service station which ceased operations in the mid 2000’s.
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The sale was managed by Jones Real Estate, which reported over 50 enquiries during the expressions of interest campaign.
Listing agent Tim Spargo confirmed that Dion Theodossi, owner of Mansfield Motor Group, had purchased the lot with plans to develop another car yard or showroom.
The purchase of the site comes soon after the motor group announced their rebranding earlier this year, with the addition of the Mazda brand.
Tim said his father Peter Spargo and Mr Theodossi had sold it back and forth to each other in a handball-type scenario for the same price of $990,000 in 2017 and 2019.
Mr Spargo planned to develop another service station at the site, but when the numbers didn’t stack up, he abandoned the idea and Mr Theodossi purchased it back.
“The site’s clean, has been fully remediated back in approximately 2017-18,” said Tim.
“We thought more locals would look at it, but it was mainly prospective purchasers from Melbourne: childcare, storage, and fuel.
“If he (Mr Theodossi) doesn’t need it now, he will in year’s to come, so it made sense for him to purchase the site.”
In other noteworthy commercial real estate news, the historic Alzburg Resort at 39 Malcolm Street has been listed for sale with a reported $11 million price tag according to realcommercial.com.
Set on a 1.43 hectare/3.5 acre property, the resort has evolved from a nineteenth-century convent into a popular accommodation and ski equipment hire business.
The Alzburg Resort, which serves as a base for visitors to Lake Eildon and Mt Buller, offers 44 rooms including suites, self-contained apartments, and hotel spa rooms, capable of accommodating up to 220 guests.
The resort also features a swimming pool, sauna, tennis courts, ski rental shop, conference facilities, and a gift shop.
Originally opened as a convent and school in 1891, the property was transformed into a four-star resort in the 1970s by Australia’s then-largest ski tour operator, Pasquale Bono.
Over the decades Mr Bono has expanded the resort.
Despite its modern amenities, the resort retains several historic features, including leadlight windows and period decor.
While Alzburg Resort is renowned for its hospitality and scenic location, it is also known for its intriguing, haunted history, with multiple reports of unusual occurrences from both staff and guests.
Reports of ghostly encounters at the resort include a housekeeper who saw a mysterious woman at a desk in a vacant room, only for the figure to vanish when a colleague arrived.
This apparition became known as “The Sitting Lady.”
Another incident involved a night manager being woken by a young boy holding a broken glass, later dubbed “The Boy with the Broken Glass.”
The boy claimed guests had broken the glass and damaged a table, which were later found by staff, along with glass under the night manager’s bed.
Additionally, voices of children asking about the "music machine," likely referring to the jukebox, have been heard in the games room.
The listing of Alzburg Resort is now drawing interest from various investors, including hotel owners.
