Thursday, 6 July 2017
New South Wales
North Sydney Office Building Sold (AFR)
A Chinese investor has acquired an 11,368 sq m refurbished Office Building at 116 Miller Street, North Sydney for $135 million ($11,875/m2).
The A-grade office building comprises retail and office space and has a WALE of 3.4 years.
Warrawee Development Site Sold (AFR)
Shanghai United has acquired a 1 Ha residential development site at 39 Chilton Parade, Warrawee for $12 million ($1,700,000/approved dwelling).
The site sold with DA approval for seven homes.
North Sydney Development Site Sold (AFR)
9 Springs has acquired a 372 sq m development site at 160 Pacific Highway, North Sydney for $10 Million (26,882/m2).
The property is zoned B4 – Mixed Use.
Melbourne Commercial Property Sold (AFR)
A private investor has acquired a 602 sq m Commercial Property at 556-558 North Road, Ormond for $3 million ($4984/m2), reflecting a 2.2% yield.
Brisbane Industrial Development Site Sold (AFR)
A private investor has acquired a 2.5 hectare vacant Industrial Development Site at 170 Postle Street, Arcadia Ridge for $2 million ($800,000/Ha).