Thursday, 24th August 2017

New South Wales

Pymble Office Building Sold (AFR Pg. 48)

• An undisclosed buyer has acquired a 4455m² Office Building at 25 Ryde Road, Pymble for $12 million (2694/m² GBA).

• The building is situated on a 5996m² block, has car spaces and balconies.

Victoria

Richmond Residential Site Sold (AFR Pg. 47)

• Forza Capital has acquired a 3621m² residential site at 588A Swan Street, Richmond for $9.65 million ($2665/m² SA).

• The property was purchased from TRC Synergy Berhad with a permit for a 5 level 6887m² office building.

Malvern Office Building Sold (AFR Pg. 47)

• A private investor has acquired a 510m² office building leased to three tenants at 275 Wattletree Road, Malvern for $2.07 million ($4059/m² GBA), reflecting a 5.2% yield.

Queensland

Cairns Office Building Sold (AFR Pg. 47)

• Sentinel Property Group has acquired a fully leased 2453m² four-level office building at 139 Grafton Street, Cairns for $8.5 million ($3’465/m² GBA).

Gold Coast Industrial Complex Sold (AFR Pg. 48)

• OzProp has acquired a 7485m² cold Storage-Warehouse in Ormeua for $22 million ($2’939/m² GBA).

• The site lies within the Yatala Enterprise Area.

Milton Office Building Sold (AFR Pg. 48)

• Quintessential Equity has acquired a predominately vacant office building at 8 Gardener Street, Milton with a net lettable area of 4352m² for $10.652 million ($2448/m² NLA).

#PymbleOfficeBuildingSold #RichmondResidentialSiteSold #MalvernOfficeBuildingSold #CairnsOfficeBuildingSold #GoldCoastIndustrialComplexSold #MiltonOfficeBuildingSold