Thursday, 22 September 2016
New South Wales
Bondi Mixed Use Property Sold (www.afr.com)
Rebel Property Group and Capit.el Group have acquired the Bates Milk Bar at 124 Campbell Parade, Bondi for $19.12 million, reflecting a yield of approx 3.14%.
The two level mixed use property comprises four retail tenancies and three residential tenancies and occupies a site area of 335m².
Sydney Office Lease Wrap (www.afr.com)
RPS Australia East has leased 1,933m² of office space for 5 years at 255 Pitt Street, Sydney for approx $750/m² net p.a.
Occupancy of the 15,458m² building is now at 75%.
Naremburn Office Building Sold (www.afr.com)
A private buyer has acquired an 1,087m² office building with vacant possession at 214-220 Willoughby Road, Naremburn for $6.8 million ($6,255/m² of GFA),
The property comprises a building area of 555m² and occupies a 1,044m² site area ($6,513/m² of land area).
Current planning controls permit an FSR of 2:1.
Villawood Industrial Units Sold (www.afr.com)
An owner occupier has acquired three industrial units at 21 Birmingham Avenue, Villawood for $4.2 million ($2,137/m² of GLA).
Tooranga Office Building Sold (www.afr.com)
Charter Hall has acquired a 50% interest in the office building at 800 Toorak Road, Hawthorn East for $140.5 million ($6,526/m² of NLA), reflecting a yield of 5.45%.
The B grade commercial building comprises 43,058m² of NLA and is fully leased to Coles Group until 2030.
Melbourne Office Lease Wrap (www.afr.com)
Tabcorp has leased 9,213m² of office space for 10 years at Tower 2, Collins Square, Melbourne for approx $530/m² net p.a.
Melbourne Office Building Sold (www.afr.com)
A foreign investor has acquired a 26 level commercial building off market at 114 William Street, Melbourne for $125 million ($5,946/m² of NLA), reflecting a yield of 5.3%.
The building comprises 21,022m² of NLA with 96 car spaces.
Tottenham Industrial Property Sold (www.afr.com)
Selco Group has acquired an industrial property at 100 Olympia Street, Tottenham for $3 million ($409/m² of GLA), reflecting a yield of 7.3%.
The building comprises 7,339m² of GLA and occupies a 1.9ha site area ($1,578,947/Ha of land area).
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