The restaurant, which has been in operation for eight years, is reported to owe over $200,000 to creditors, primarily the tax office.
Falalalah was known for its unique Korean-Italian fusion cuisine, with dishes like bulgogi pizza and bulgogi risotto. It first opened its doors in 2015 and quickly became a favourite in the South Brisbane dining scene.
Photo credit: FALALALAH/Google Maps
However, business took a downturn last year, leading to a temporary closure in June. The restaurant later reopened under new ownership but allegedly continued to struggle.
The appointed liquidator for the Italian restaurant stated that he was informed of a transfer of ownership or possible sale of the business prior to his assignment. He reported that over $200,000 is owed to a range of creditors, with the majority being taxes owed to the tax office.
Photo credit: Winston Wong/Google Maps
The liquidator is now responsible for liquidating any remaining assets of the company and distributing proceeds to pay off outstanding debts.
A Members’ Voluntary Liquidation is the process by which a solvent company ceases operations and wraps up its affairs by distributing remaining assets to shareholders. The winding up itself is typically overseen by a licensed liquidator, usually a chartered accountant from an accounting service.
When a business settles its accounts, any assets are commonly sold openly for cash or cash equivalents. Those overseeing the conclusion of affairs have the legal authority to act on behalf of the company to finalise debts and outstanding payments.
Appointed liquidators have the power to sell remaining assets and finish terminating the business on behalf of the shareholders.
Council has recently released the improvement plans for the Musgrave Park Swimming Pool in South Brisbane.
New 15m x 8m Learn to Swim pool. Photo credit: Brisbane Planning and Development Online
The proposed plans for the Musgrave Park Pool refurbishment includes a new 15m x 8m Learn to Swim pool which will be heated and will also have PWD access.
Photo credit: Brisbane Planning and Development Online
Furthermore, the existing 50-metre pool will also have modifications. Improvements to the pool involve the following:
Increasing the depth and width for enhanced water polo activities.
New layout with nine lanes.
Installation of a new elevated concourse with a wet edge on both long sides of the pool.
Addition of an internal ramp for PWD access into the pool.
Photo credit: Brisbane Planning and Development Online
Other improvements works that will be done in the facility include the following:
Minor alterations to the grandstand and installation of new lighting.
New pool plant plus installation of new equipment.
Improvements in the administration building. These include:
a. Refurbishment of change rooms and amenities.
b. Addition of PWD amenities.
New entry which includes stairs and PWD access ramp.
A future water play area.
Locals are welcome to submit their comments on the current proposal. To learn more about the proposal or lodge a submission, check the Application Details for A005087519.
The Government has launched a survey that seeks to identify traffic choke points and transport issues in West End and the rest of Inner South.
In the online survey, participants are asked to describe their travel experiences to help the Department of Transport and Main Roads to better understand the area’s current and future transport challenges and opportunities.
Feedback from the community will be used for the South Brisbane Transport and Mobility Study. This study will help map a way forward to ensure a safe and reliable transport system for the inner south.
The CollabMap
Photo credit: www.collaborativemap.com
A CollabMap is now available for locals to give their inputs online. This is an easy-to-use online mapping tool which can be used to pinpoint specific issues.
According to Transport and Main Roads Minister Mark Bailey, the study will consider all transport modes as well as seek community input.
“Public comment will be a major component to ensure a complete picture of key connections to the area via river, road and rail,” Mr Bailey said.
“The study will look at access to education hubs, cultural precincts, and essential services such as hospitals – covering the suburbs of South Brisbane, West End, Highgate Hill, Dutton Park, Woolloongabba, Kangaroo Point, East Brisbane and Annerley,” he added.
Residents can use the interactive mapping tool to share where they think there is a transport or mobility issue.
In fact, several transport problems have already been raised for Vulture Street and Montague Road. Issues that were mentioned include the need for a dedicated cycle lane, reduced speed limit, a safe pedestrian and bike crossing as well as the implementation of priority for buses.
When having your say and using the pins in the interactive mapping tool, think about your travel experiences in relation to:
Available information explaining the network and how to use it;
Connections to destination centres and surrounding neighbourhoods;
Safety and personal security on the network; and
The range of travel options available.
Community Consultation
The study will also investigate ongoing and emerging traffic and transport pressures on key connections via the river. Photo credit: CC-BY/Brisbane City Council/Flickr
Furthermore, the Government rolled out a community engagement program to give the inner city residents an opportunity to contribute their valuable local knowledge.
Apart from using the CollabMap, locals can also provide inputs by completing the community survey online or visiting community engagement booths. The survey will be open until 31 October 2018.
Schedule of Community Engagement Booths
Corner Boundary Street and Russell Street, West End (Lizard sculpture)
Tuesday, 25 September 2018
9:00 a.m. – 11:00 a.m.
Goodwill Bridge (South Bank side)
Saturday, 29 September 2018
8:00 a.m. – 10:00 a.m.
Buranda Village shopping centre
Tuesday, 2 October 2018
1:00 p.m. – 3:00 p.m. and
Thursday, 4 October 2018
10:00 a.m. – 12:00 p.m.
West End markets (Davies Park)
Saturday, 6 and 27 October 2018
9:00 a.m. – 11:00 a.m.
Kangaroo Point Cliffs Park (near Bar Spritz)
Tuesday, 9 October 2018
7:00 a.m. – 9:00 a.m.
Gladstone Road shops (corner Gladstone Road and Blakeney Street)
Thursday, 11 October 2018
7:00 a.m. – 9:00 a.m.
Ecosciences Precinct (near Cafe Eco)
Tuesday, 16 October 2018
8:00 a.m. – 10:00 a.m.
South Brisbane Station (forecourt)
Wednesday, 17 October 2018
7:00 a.m. – 9:00 a.m.
Woolloongabba Fiveways (Logan Road and Stanley Street)
South Brisbane is set to get a new residential tower with a 120-metre waterfall from Aria Property Group after it received approval for its development application.
Designed by Koichi Takada Architects, the mixed-use development, located at 75, 77, and 79 Hope Street and 9 Fish Lane, South Brisbane will include 216 residential units plus retail and office spaces.
Photo credit: koichitakada.com
The tower’s rooftop will include a combination of landscaping, a 50-metre lap pool, gym, yoga room, change-room facilities, private dining room, and a theatre. It will also have provisions for external BBQ and seating areas for passive and active recreation.
Also part of the approval is the development’s 750-square-metre public park adjacent to the ground floor retail. The new public park will include an outdoor cinema, community garden, public art, children’s play space, and an amphitheatre.
Opposition from Locals
Despite several submissions against the construction of the 33-storey tower, the development application was approved by the Council in early July 2018.
Objections to the development included concerns about the height of the residential development.
Photo credit: www.yourneighbourhood.com.au
West End Community Association (WECA) was among the most vocal critics of the development application. According to a submission by WECA, “This application is excessive in scale, it provides a public open space under a railway corridor that will become an unsafe place, and it is a clear overdevelopment of the 1,368m2 site. It should be refused.”
However, after giving the development a go, the council’s City Planning unit is hopeful that it would become amongst the most substantial residential buildings in the city.
One of Brisbane’s most popular events venue, The Greek Club, reopens its doors after its biggest renovation in more than 40 years.
The Greek Club first opened in 1975 at its South Brisbane location and has been a great venue for various events ever since. Now, after its three-million-dollar upgrades, the iconic events place promises to bring a luxurious experience to its guests.
Photo credit: www.thegreekclub.com.au
Upgrades in the newly refurbished events place include a boardroom, Acropolis and Olympus function rooms, restaurant, bar, and terrace on the ground floor. Upstairs, the venue includes an extensive grand ballroom and a grand balcony that offers an excellent view of the Musgrave Park and the city skyline.
Currently, the Greek Club has 11 versatile event spaces and an expanded 100-seat function room.
Photo credit: www.thegreekclub.com.au
With 40 years of experience in events and hospitality, the establishment is highly regarded when it comes to serving authentic Greek cuisine. Their new modern Australian functions menu, designed by Executive Chef Jean-Louis Beaulieu, offers a selection of mouth-watering creations catering to an array of dietary options.
An expanded Greek menu is coming up as their Nostimo Restaurant is opens by the end of May 2018. The restaurant will be led by the new Chef In Residence David Tsirekas, current Group Executive Chef for 1821, a Universal Hotels flagship Greek restaurant in Sydney.
Visit their page to learn more about their latest offers and events.
Hot Patootie, bless my soul! Frank N Furter and the gang are back to bring the world’s favourite rock n’ roll musical to Brisbane.
The global hit Rocky Horror Show is on the road again, this time touring Adelaide, Brisbane, Perth and Melbourne. It will be playing at South Brisbane’s Queensland Performing Arts Centre (QPAC) from 17 January 2018. The show will run for three weeks before it moves to Perth.
Event Details
What:
Rocky Horror Show
When:
17 January 2018 – 11 February 2018
Where:
Queensland Performing Arts Centre (QPAC)
Corner Melbourne Street and Grey Street, South Brisbane
Craig Mclachlan is back to reprise the role of Sweet Transvestite Frank N Furter., while Cameron Daddo will play the role of the Narrator in the classic musical known for its cult following since it first played in 1973. Expect those who have seen it before to see it again for the nth time just to delight in the Rocky experience.
Photo credit: Rocky Horror Show Australia/Facebook
Rocky Horror Show is one big party where it’s normal for the audience to come dressed up like the characters in the show, talk back lines and sing along to the catchy music.
First time to see the show? Rocky Horror Show has written up a thorough guide for virgins. It should be a good guide to… lessen the shock.
The musical comedy follows the adventure of newly engaged Brad and Janet. The prim-and-proper sweethearts run into tyre trouble on their way to visit their old college professor. They seek help at the castle of mad transvestite scientist Dr Frank N Furter, creator of a Frankenstein-like hunk named Rocky, “with blonde hair and a tan.”
Frank N Furter takes the wholesome couple on a naughty, sexy journey they will never forget.
Photo credit: Rocky Horror Show Australia/Facebook
The show mixes science fiction, horror B movie with a lot of sexiness to boot. The best part, of course, is the music that has enamoured audiences for decades. Sing along to classics such as Dammit Janet, Hot Patootie – Bless My Soul and Sweet Transvestite. Then, it’s time to do the pelvic thrust when they start doing The Time Warp again.
Character homes in prime “gentrified” locations in West End and New Farm have sold for significant sums, in what can be considered a testament as to how urbanisation, the passage of time, and a great location can spell good fortune and serendipity when it comes to the value of one’s real estate.
A West End cottage located on 29 Daventry Street, in its first appearance on the market in 30 years, has sold for an impressive $2.03 million when it was sent to auction among seven registered bidders last February 18, easily making it Brisbane’s top sale of that week.
The character home’s strong selling point was the property’s footprint, covering 1,038 square metres on two blocks of blue-chip West End land. “Once you start talking about blocks like these ones it’s the top end of the buyer pyramid,” George Balandinos, real estate agent of Drakos Real Estate says. “It’s a unique property 1,038sq m. It was actually on two titles which lent itself to many options for the purchaser who could live in the house and subdivide up to 500sq m off … A block of (subdivided) land on a quiet street like that is worth a lot and 500sq m is a big block in West End.”
Similar Sales at New Farm and South Brisbane
227 Kent Street, New Farm
The West End sale comes three months after a similar seven-figure sale in New Farm, where a worker’s cottage located on 227 Kent Street fetched $1.6 million, in its first sale in 50 years. The cottage, which was in its original condition, sits on 506 square metres of prime property, in a quiet neighbourhood that’s within walking distance of James Street and less than 2 kilometres from Brisbane’s CBD.
42 Mollison Street, South Brisbane
In November last year, a three-bedroom cottage on 42 Mollison Street in the South Brisbane/West End precinct sold for $1.4 million. Situated adjacent to The Markets shopping complex and around a kilometre away from the Southland Parklands and Brisbane City Business Centre, that sale was the first in what has now become a three-peat of million-dollar sales of inner city cottages.
Both the New Farm and South Brisbane properties are within easy walking distance of the city’s retail, hospitality and market precincts, and are in excellent school catchment areas — things that buyers look for when considering to purchase.
As the real estate maxim goes, “Location is everything.” Given these three seven-figure sales, it would certainly appear to be so.
Photo Credit: All photos are from www.realestate.com.au
