Tuesday, 21 February 2017
New South Wales
Rydalmere Warehouses Sold (www.afr.com)
A private owner occupier has acquired two warehouses at 10-12 Pike Street, Rydalmere for $21.9 million ($1,093/m² of lettable area).
The warehouses comprise a lettable area of 20,022m² across a 37,840m² site area ($579/m² of site area).
Sydney Retail Property Sold (www.afr.com)
A foreign investor has acquired a 423.3m² retail property at 296-300 George Street, Sydney for $9 million ($21,262/m² of lettable area), reflecting a gross market yield of 6.75%.
Penrith Residential Development Site Sold (www.afr.com)
Desane Group Holdings has acquired a 1.2ha residential development site at 91 Thornton Drive, Penrith for $3.9 million ($325/m² of land area).
Seven Hills Industrial Facility Sold (www.afr.com)
An owner occupier has acquired a 2,990m² industrial facility at 7 Tollis Place, Seven Hills for $5.27 million ($1,763/m² of lettable area).
The site facility occupies a 5,525m² site area ($954/m² of land area).
Parramatta Office Building Sold (www.afr.com)
Statewide Planning has acquired a 3-level office building at 31 Cowper Street, Parramatta for $7.3 million ($5,863/m² of lettable area), reflecting a passing yield of 4.2%.
The building comprises 1,245m² of lettable area and occupies an 822m² site area ($8,881/m² of land area).
Mascot Office and Warehouse Property Sold (www.afr.com)
A private investor has acquired a 562m² office and warehouse property at 295 King Street, Mascot for $2.9 million ($5,160/m² of lettable area).
Black Rock Commercial Complex Sold (www.afr.com)
A private investor has acquired a 500m² commercial complex at 41B Bluff Road, Black Rock for $5.25 million ($10,500/m² of lettable area), reflecting a yield of 3.75%.
The property occupies a 1,062m² site area and has future development potential ($4,944/m² of land area).
Pascoe Value South Office Building Sold (www.afr.com)
An owner occupier has acquired a 330m² office building at 339 Bell Street, Pascoe Vale South for $1.43 million ($4,333/m² of lettable area).
Bulleen Residential Development Site Sold (www.afr.com)
A private developer has acquired a 2,933m² residential development site at 164-170 Manningham Road, Bulleen for $5.1 million ($1,739/m² of site area).
The site was sold with development permit for 61 units ($83,607/approved unit).
Noosaville Showroom Sold (www.afr.com)
A private investor has acquired a 1,461m² showroom at 18 Thomas Street, Noosaville for $4.2 million ($2,875/m² of lettable area), reflecting a yield of 7.5%.
#RydalmereWarehousesSold #SydneyRetailPropertySold #PenrithResidentialDevelopmentSiteSold #SevenHillsIndustrialFacilitySold #ParramattaOfficeBuildingSold #MascotOfficeandWarehousePropertySold #BlackRockCommercialComplexSold #PascoeValueSouthOfficeBuildingSold #BulleenResidentialDevelopmentSiteSold #NoosavilleShowroomSold