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  • Patrick Ewing
    • Nov 13, 2016
    • 1 min read

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.

Victoria

Melbourne Auction Clearance Rates (www.domain.com.au)

  • Melbourne recorded an auction clearance rate of 78% over the weekend with 1,106 properties listed.

Queensland

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.

#SydneyAuctionClearanceRates #AmbarvaleHotelSold #MelbourneAuctionClearanceRates #MacGregorIndustrialPropertySold

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