Monday, 10 April 2017
New South Wales
Sydney Auction Clearance Rates (www.domain.com.au)
Sydney recorded an auction clearance rate of 81% over the weekend with 1,154 properties listed.
Melbourne Auction Clearance Rates (www.domain.com.au)
Melbourne recorded an auction clearance rate of 81% over the weekend with 1,245 properties listed.
Albert Park Mixed Use Property Sold (www.afr.com)
A foreign investor has acquired a mixed use asset at 97 Beaconsfield Parade, Albert Park for $18 million ($8,046/m² of GFA), reflecting a yield of 4.2%.
The property comprises the Beach Hotel and the adjoining supermarket.
The Beach Hotel comprises a GFA of 1,850m² and offers function rooms, courtyard bistro, 12 guest rooms to the first floor and 32 EGMs.
The supermarket comprises a GFA of 387m².
Brisbane Office Building Sold (www.afr.com)
Ariadne Australia has acquired an 11-level commercial building at 40 Tank Street, Brisbane for $56.1 million ($8,046/m² of GLA).
The building comprises 6,218m² of GLA and is at 81% occupancy with a WALE of 7 years.
Industrial Portfolio Sold (www.afr.com)
Blackstone has acquired a four asset industrial portfolio for $126 million, reflecting a yield of 6.98%.
The portfolio comprises 150,000m², is at 95% occupancy with a WALE of 5.2 years.
Two assets are located in Victoria, while the other two are located in Queensland.