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  • Patrick Ewing

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).

Victoria

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).

Queensland

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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