Friday, 7 April 2017
New South Wales
Liverpool Bulky Goods Property Sold (www.afr.com)
J&T Doriguzzi & SD Industries has acquired a 1,759m² bulky goods property at 395-399 Hume Highway, Liverpool for $6.35 million ($3,610/m² of building area), reflecting a yield of 6.75%.
Hornsby Industrial Building Sold (www.afr.com)
A private investor has acquired a 368m² industrial building at 11 Leonard Street, Hornsby for $1.55 million ($4,211/m² of building area).
Albert Park Development Site Sold (www.afr.com)
A private developer has acquired a 503m² commercial development site at 1 Victoria Avenue, Albert Park for $5.575 million ($11,083/m² of site area).
Bulleen Development Site Sold (www.afr.com)
A local developer has acquired a 2,050m² development site at 5-7 Montgomery Place, Bulleen for $4.491 million ($2,191/m² of site area).
The site has potential for 8 townhouses ($561,375/potential townhouse).
West Melbourne Development Site Sold (www.afr.com)
A local developer has acquired a 446m² development site at 513-521 Victoria Street, West Melbourne for $3.672 million ($8,233/m² of site area).
The site has a development permit for 26 units ($141,231/approved unit).
Laverton North Development Site Sold (www.afr.com)
A private developer has acquired a 5,784m² development site at 46-52 Hume Road, Laverton North for $1.2 million ($207/m² of site area).
Craigieburn Development Site Sold (www.afr.com)
Stockland has acquired a 77ha Englobo land parcel at 1780 Mickleham Road, Craigieburn for $75 million ($974,025/ha of land area).
The parcel has potential for 950 lots ($78,947/potential lot).
Melbourne Commercial Property Sales Wrap (www.afr.com)
A foreign investor has acquired a 971m² commercial building at 344-346 Ferntree Gully Road, Notting Hill for $4.5 million ($4,634/m² of building area),reflecting a yield of 5.2%.
A private investor has acquired a 197m² commercial property at 17 Glenferrie Road, Malvern for $1.32 million ($6,700/m² of building area).
A private investor has acquired a 516m² retail arcade at 320-322 Racecourse Road, Flemington for $4 million ($7,752/m² of lettable area).
A private occupier has acquired a 912m² office building at 259 William Street, Melbourne for $6.4 million ($7,018/m² of building area), reflecting a yield of 3.2%.
A local investor has acquired a 458m² retail property on Ocean Beach Road, Mornington Peninsula for $4.7 million ($10,262/m² of land area).
Carole Park Office and Warehouse Property Sold (www.afr.com)
A private investor has acquired an office and warehouse property at 140 Mica Street, Carole Park for $2.35 million ($1,483/m² of building area), reflecting a yield of 7.7%.
The property was sold with a 3.5 year leaseback.
Nundah Office Building Sold (www.afr.com)
Centuria Property Funds has acquired a 12,980m² office building at 1231-1241 Sandgate Road, Nundah for $106.25 million ($8,186/m² of lettable area), reflecting a yield of 6.9%.
The property has a WALE of 9.3 years.
Yatala Industrial Facility Sold (www.afr.com)
Centuria Property Funds has acquired an 8,680m² industrial facility at 29 Business Street, Yatala for $10.65 million ($1,227/m² of building area).
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