Thursday, 18 May 2017

New South Wales

Sydney Retail Property Sold (www.afr.com)

• A private investor has acquired a 291m² retail property at 4 Bridge Street, Sydney for $2.75 million ($9,450/m² of lettable area).

Sydney Office Sales Wrap (www.afr.com)

• A private investor has acquired a 141m² office property at 105 Pitt Street, Sydney for $1.692 million ($12,000/m² of lettable area).

• An owner occupier has acquired a 141m² office property at 12 Mount Street, North Sydney for $1.08 million ($7,660/m² of lettable area).

Clyde Office and Warehouse Property Sold (www.afr.com)

• A private investor has acquired a 334m² office and warehouse property at 8 George Street, Clyde for $1.05 million ($3,144/m² of building area).

Parramatta Development Site Sold (www.afr.com)

• A private developer has acquired a 910m² development site at 22 Noller Parade, Parramatta for $3.05 million ($3,352/m² of site area).

Merrylands Development Site Sold (www.afr.com)

• A private developer has acquired a 1,050m² development site at 1-3 Wayman Place, Merrylands for $3 million ($2,857/m² of site area).

• The site has development approval for 19 units ($157,895/approved unit).

Epping Development Site Sold (www.afr.com)

• A private developer has acquired a 866m² development site at 1 Hazelwood Place, Epping for $3.96 million ($4,573/m² of site area).

• The site has development approval for 15 units ($264,000/approved unit).

Victoria

Woodend Hotel Sold (www.afr.com)

• The Coptic Orthodox Diocese of Melbourne and Affiliated Regions has acquired Campaspe House at 29 Goldies Lane, Woodend for $3.5 million ($205,882/key).

• The hotel occupies a 7ha property and comprises 16 courtyard rooms, a two bedroom cottage, fully serviced kitchen, swimming pool, tennis court and croquet lawn ($500,000/ha).

Mornington Medical Facility Sold (www.afr.com)

• A private investor has acquired a 424m² medical facility at 93-95 Tanti Avenue, Mornington for $3.701 million ($8,729/m² of lettable area).

• The facility comprises 8 consulting rooms, 2 treatment rooms and a pathology area.

Melbourne Retail Building Sold (www.afr.com)

• A private investor has acquired a 766m² retail building at 377-379 Little Bourke Street, Melbourne for $5.81 million ($7,585/m² of lettable area), reflecting a yield of 3.65%.

Queensland

Burleigh Heads Office Building Sold (www.afr.com)

• A private investor has acquired a 1,061m² office building at 21 Gardenia Grove, Burleigh Heads for $2.9 million ($2,733/m² of lettable area), reflecting a yield of 8.2%.

Acacia Ridge Industrial Facility Sold (www.afr.com)

• An owner occupier has acquired a 1,275m² industrial facility at 42 Activity Street, Acacia Ridge for $1.1 million ($863/m² of building area).

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