Tuesday, 18th July 2017
New South Wales
Sydney Office Space Leased (AFR Pg.33)
Time2 Travel Agency has leased a 182m² two level commercial terrace with rear parking at 326 Victoria Street, Darlinghurst and will pay a gross annual rent of $75,000 to Landlord Froozo ($412/m²).
Sydney Software Specialist Relocates to the CBD (AFR Pg.33)
Hotschedules has signed a new 5 year lease on a fitted-out 270m² office space at 1 Castlereagh Street, Sydney paying $1100/m² to landlord 151 Property.
Melbourne Office Building Sold (AFR Pg.32)
Singaporean fund manager ZACD has acquired the 4921m² head office of ASX listed iSelect at 294 Bay Road, Cheltenham for $27,330,000 million ($5,554/m²), reflecting a net yield of 8.4%.
The parcel of land includes 357 car spaces and sits on a 1.4-hectare block.
North Melbourne Student Accommodation Leased (AFR Pg.33)
OziHouse has leased a 720m² 22-apartment student accommodation at 38-40, North Melbourne for 7 years with an annual net rent of $255,000 ($354/m²) or ($11,590/unit).
The property offers kitchen and laundry facilities, a communal lounge and roof top BBQ area.
Melbourne Retail Space Leased (AFR Pg.33)
VIMG has leased a 142m² retail space at 137 Bourke Street, Melbourne to Jinding Real Estate with options for 7 years paying a gross annual rent of $222,000 ($1,564/m²).
Brisbane Mixed Use Space Leased (AFR Pg.33)
All American Wheeling has leased a 400m² office/warehouse at 25 Burke Street, Brisbane paying a net annual rent of $48,000 ($120/m²).
The Property has three-phase power and a container-height roller door.