Wednesday, 5 October 2016
New South Wales
Sydney Retail and Commercial Building Sold (AFR Pg.31)
The City of Sydney Council has acquired a 3,410m² retail and commercial building at 303-305 Pitt Street, Sydney for $43 million ($12,610/m² of floor area).
The building is mostly leased with a WALE of 3 years.
Swansea Hotel Property Sold (AFR Pg.34)
Laundy Hotels has acquired a 3,235m² hotel property at 196 Pacific Highway, Swansea for $13 million ($4,019/m² of land area).
Melbourne Commercial Property Sales Wrap (www.smh.com.au)
A private investor has acquired a 850m² commercial property at 212 Canterbury Road, Heathmont for $1.8 million ($2,118/m² of land area), reflecting a yield of 5%.
A private investor has acquired a 2,177m² commercial property at 6-10 Wood Street, Thomastown for $3.2 million ($1,470/m² of floor area).
Dandenong South Industrial Property Sold (www.smh.com.au)
A private investor has acquired a 2,186m² industrial property at 41-45 Williams Road, Dandenong South for $1.575 million ($721/m² of land area).
Balwyn Retail Building Sold (www.smh.com.au)
A private investor has acquired a 190m² retail building at 43 Whitehorse Road, Balwyn for $1.95 million ($10,263/m² of floor area), reflecting a yield of 4.3%.
Doveton Office and Warehouse Property Sold (www.smh.com.au)
A private investor has acquired a 1,150m² office and warehouse property at 2/40 Green Street, Doveton for $1.4 million ($1,217/m² of floor area).
Moorabbin Office Property Sold (www.smh.com.au)
A private investor has acquired a 562m² office property at 962 Nepean Highway, Moorabbin for $1.5 million ($2,669/m² of floor area).
Carlton Office Suite Leased (www.smh.com.au)
Paper Cloud has leased a 640m² office suite at 21 Bouverie Street, Carlton for $360 gross p.a.
Milton Commercial Property Sold (AFR Pg.34)
The Shayher Group has acquired a 14,780m² commercial property at 215-247 Coronation Drive, Milton for $98 million ($6,631/m² of floor area).
#SydneyRetailandCommercialBuildingSold #SwanseaHotelPropertySold #MelbourneCommercialPropertySalesWrap #DandenongSouthIndustrialPropertySold #BalwynRetailBuildingSold #DovetonOfficeandWarehousePropertySold #MoorabbinOfficePropertySold #CarltonOfficeSuiteLeased #MiltonCommercialPropertySold