Minogue Family Reweights Melbourne Property Portfolio

Kylie MinogueTHE Minogue family continues to reweight its substantial property portfolio.
 
Ron and Carol Minogue, the parents of pop princesses Danielle and Kylie, and cameraman Brendan, are understood to have made close to $2.5 million from the sale of two adjoining shops with redevelopment potential in Canterbury’s charming Maling Road retail strip.
 
The shops are leased to boutique homewares and furniture retailer Maison on Maling, and gourmet deli Wilson & Walsh Specialty Provenders – which between them pay an annual rent of almost $100,000. Based on the speculated purchase price, the shops sold on a low 4 per cent yield.



Posted originally: 2009-08-23 09:38:12

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