Wednesday, 29 March 2017
New South Wales
Strathfield Commercial Property Sold (www.afr.com)
A private investor has acquired the Symond Arcade at 12-14 Churchill Avenue, Strathfield for $30 million ($46,512/m² of land area).
The property comprises a floor area of 910m² over two levels with 12 retail tenancies to the ground floor and 14 offices to the first level ($32,967/m² of floor area).
The property occupies a 645m² site which is zoned Commercial Core with a permissible gross floor area of 1,935m² ($15,503/m² of permissible GFA).
Beverly Hills Commercial Property Sold (www.afr.com)
A private investor has acquired a 360m² commercial property at 482 King Georges Road, Beverly Hills for $2.101 million ($5,836/m² of floor area), reflecting a gross yield of 3.8%.
The property comprises five retail tenancies.
Altona North Logistics Facility Sold (www.afr.com)
LOGO has acquired a logistics facility at 27-43 Toll Drive, Altona North for $27.3 million ($1,257/m² of building area).
The property comprises two purpose built buildings of a total 21,720m² completed in early 2016.