Monday, 22 May 2017
New South Wales
Sydney Auction Clearance Rates (www.domain.com.au)
Sydney recorded an auction clearance rate of 77% over the weekend with 880 properties listed.
Chatswood Office Building Sold (www.afr.com)
Delhit Pty Ltd has acquired a 3,852m² office building at 754 Pacific Highway, Chatswood for $22.52 million ($5,846/m² of lettable area).
Sydney Strata Office Sales Wrap (www.afr.com)
A private investor has acquired a 96m² office property at 6-8 Herbert Street, St Leonards for $440,000 ($4,583/m² of lettable area).
A private investor has acquired a 42m² office property at 122 Arthur Street, North Sydney for $195,000 ($4,643/m² of lettable area).
Penrith Office and Warehouse Property Sold (www.afr.com)
A private investor has acquired a 2,179m² office and warehouse property at 58 Leland Street, Penrith for $3.417 million ($1,568/m² of building area), reflecting a yield of 6.29%.
Beaconsfield Warehouse Property Sold (www.afr.com)
Amalgamated Administrative Services has acquired a 587m² warehouse at 80 Victoria Street, Beaconsfield for $3.8 million ($6,474/m² of building area).
The building occupies a 543m² and has residential development potential ($6,998/m² of site area).
Melbourne Auction Clearance Rates (www.domain.com.au)
Melbourne recorded an auction clearance rate of 80% over the weekend with 1,120 properties listed.
Glen Iris Mixed Use Development Site Sold (www.afr.com)
Gibson Developments has acquired a 1,510m² development site at 1396-1402 Malvern Road, Glen Iris for $9.182 million ($6,081/m² of site area).
The site was sold with a development permit for a four level mixed use building comprising 38 apartments, 6 retail units and 1 office unit ($204,044/approved unit).
Flemington Townhouse Development Site Sold (www.afr.com)
A private developer has acquired a 1,882m² development site at 145-147 Princes Street, Flemington for $7.252 million ($3,853/m² of site area).
The site was sold with a development permit for 23 townhouses ($315,304/approved townhouse).
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