Friday, 23 September 2016
St Kilda Apartment Building Sold (www.afr.com)
A private investor has acquired a Heritage 6-unit apartment building at 2 Mozart Street, St Kilda for $4.755 million ($792,500/unit).
Melbourne Retail Sales Wrap (www.afr.com)
A private investor has acquirted three adjoining retail units at 769 Glenferrie Road, Hawthorn for $4.11 million, reflecting a yield of 4.25%.
A foreign investor has acquired a 701m² retail building at 313-315 Whitehorse Road, Balwyn for $6.18 million ($8,816/m² of NLA), reflecting a yield of 6.08%.
West Melbourne Development Site Sold (www.afr.com)
PDG Group has acquired a 4,796m² mixed use development site at 79 Ireland Street, West Melbourne for $24 million ($5,004/m² of land area).
Melbourne Development Site Sold (www.afr.com)
Beulah International has acquired the Celtic Club at 320 Queen Street, Melbourne for $25.6 million ($100,000/approved unit).
The site has a Development Permit for a 48-level tower comprising 256 units.