Monday, 14 November 2016
New South Wales
Sydney Auction Clearance Rates (www.domain.com.au)
Sydney recorded an auction clearance rate of 80% over the weekend with 760 properties listed.
Ambarvale Hotel Sold
A private buyer has acquired the Ambarvale Hotel at 57 Woodhouse Drive, Ambarvale with vacant possession for $21.2 million ($2,944/m² of land area).
The hotel has 29 EGM’s with a 2am extended trading hours permit.
The hotel occupies a site area of 7,200m².
Melbourne Auction Clearance Rates (www.domain.com.au)
Melbourne recorded an auction clearance rate of 78% over the weekend with 1,106 properties listed.
MacGregor Industrial Property Sold
Harvey Norman has acquired a 2.38ha industrial property at 572-588 Kessels Road, MacGregor for $16 million ($672/m² of land area).
The property comprises 10,000m² of building area ($1,600/m² of building area).
Harvey Norman has plans to redevelop the site with a large format retail centre.