Monday, 21st August 2017

New South Wales

Bondi Mixed Use Site Sold

• Two investors have aquired a 417m² site known as 134-138 Campbell Parade for $18.25million with a yield of 2.7%.

• The site is home to 8 residential apartments and 2 ground floor retail tenants returning approximately $500,000 pa.

Sydney Office Building Sold

• Ascendas-Singbridge have acquired 22,929m² of GFA at 66 Goulbourn Street for $252million ($10,990/m² of GFA)

Sydney Retirement Village Sold

• RetireAustralia have acquired 4,494m² of GFA at 40A Cope Street, Lane Cove for approximately $20million ($4,450/m²).

• The current use of the property is a non-for-profit 48-unit retirement village.

#BondiMixedUseSiteSold #SydneyOfficeBuildingSold #SydneyRetirementVillageSold