- Patrick Ewing
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).
Victoria
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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