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.

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