Thursday, 9 March 2017
New South Wales
Liverpool Residential Development Site Sold
Donya Constructions has acquired a 1,815m² residential development site at 23-25 Mayberry Crescent, Liverpool for $2.1 million ($1,157/m² of site area).
The site has development approval for 25 units ($84,000/approved unit).
Smithfield Warehouse Property Sold
Millennium Kitchens has acquired a 1,194m² warehouse property at85 Victoria Street, Smithfield for $2.3 million ($1,153/m² of building area).
Melbourne Commercial Building Sold
A private investor has acquired a 2,529m² commercial building at179-183 Bourke Street, Melbourne for $33 million ($13,049/m² of floor area), reflecting a yield of 4.24%.
The building occupies a 373m² site area ($88,472/m² of land area).
Broadmeadows Office and Warehouse Property Sold
Baron Rubber has acquired a 6,050m² office and warehouse property at 7-11 Northcorp Boulevard, Broadmeadows for $6.05 million ($1,000/m² of building area).
North Melbourne Office Building Sold
An owner occupier has acquired a 400m² office building at 37 Flemington Road, North Melbourne for $3.71 million ($9,275/m² of floor area).
West Melbourne Warehouse Property Sold
An owner occupier has acquired a 500m² warehouse property at 527-531 Spencer Street, West Melbourne for $3.5 million ($7,000/m² of building area).
Tullamarine Office and Warehouse Property Sold
Flex Fencing has acquired a 646m² office and warehouse property at 6 Mohr Street, Tullamarine for $1 million ($1,547/m² of building area).
Melbourne Strata Office Sold
A private owner occupier has acquired a 143m² strata office property at 517-535 Flinders Lane, Melbourne for $1.2 million ($8,392/m² of floor area).
Caboolture Industrial Facility Sold
A foreign investor has acquired a 1,300m² industrial facility at 28 Strathvale Court, Caboolture for $2.2 million ($1,692/m² of building area), reflecting a yield of 7.7%.
Coolangatta Retail Property Sold
Caamii Pty Ltd has acquired an 168m² retail property at 120 Marine Parade, Coolangatta for $1.45 million ($8,631/m² of lettable area), reflecting a yield of 7.1%.
Mermaid Beach Retail Building Sold
A private investor has acquired a 339m² retail building at 43 Alfred Street, Mermaid Beach for $2.31 million ($6,814/m² of lettable area), reflecting a yield of 7.14%.
Taringa Showroom Property Sold
A private investor has acquired a 6,500m² showroom property at 113-135 Moggill Road, Taringa for $34 million ($5,231/m² of lettable area).
The showroom occupies an 11,500m² land area ($2,957/m² of land area).
Oxley Neighbourhood Shopping Centre Sold
Savills Investment Management has acquired The Station neighbourhood shopping centre at 133 Oxley Station Road, Oxley for $43.5 million ($6,127/m² of lettable area), reflecting a yield of 6.6%.
The centre comprises 7,100m² of lettable area and is anchored by a Woolworths supermarket and a State Government department with 16 specialty stores.
Varsity Lakes Office Building Sold
Clarence Property has acquired a 3,153m² office building at 183 Varsity Parade, Varsity Lakes for $11.8 million ($3,743/m² of floor area).
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