Thursday, 7th September 2017
New South Wales
Allawah Pub Sold (AFR Pg. 30)
White & Partners have acquired the 1274m² Allawah Hotel from John Feros at 470 Railway Parade, Allawah for $30 million ($23’548/m² per permissible site area).
Mosman Retail Property Sold (AFR Pg. 38)
A local investor has acquired shops 2 & 3 at 1-5 Mandolong Road, Mosman for $5.1 million, reflecting a 4.7% net yield.
Chatswood Office Suite Sold (AFR Pg. 38)
A Chinese investor has acquired a 421m² strata-titled office suite at 813 Pacific Highway, Chatswood for $2.65 million ($6’295/m² per permissible site area), reflecting a net yield of 7.39%.
Box Hill Development Site Sold (AFR Pg. 38)
In an off-market sale a Chinese-backed developer has acquired a 1653m² car park with commercial and residential development potential up to 20 floors at 31-35 Prospect Street, Box Hill for $13.5 million ($8’166/m² per permissible site area).
Templestowe Development Site Sold (AFR Pg. 38)
An offshore developer has acquired a 2176m² site at 79-81 King Street, Templestowe earmarked for 10 townhouses for $5 million ($500’000/dwelling).
Donvale Development Site Sold (AFR Pg. 38)
Wonder Property has acquired a 3886m² site with development and/or subdivision potential at 99-101 Old Warrandyte Road, Donvale for $4.2 million ($1’081/m² per permissible site area).
Malvern Development Site Sold (AFR Pg. 38)
A local developer has acquired a 1196m² development site with potential for 17 apartments at $6.225 million ($366’176/unit).
Burwood Retail Property Sold (AFR Pg. 38)
A local investor has acquired a 660m² retail property leased to Anytime Fitness at 152 Burwood Road, Hawthorn for $6 million ($9091/m² per permissible GBA), reflecting a 2% net yield.
Gold Coast Resort Sold (The Australian)
A Melbourne-based investor has acquired ‘Nobby’s Outlook’ a 7284m² beachfront resort at 122-130 Marine Parade, Nobbys Beach for $23.75 million ($3’261/m² ² per permissible site area).
The property sold at auction, is located next to a public park to the north and Nobbys headlands reserve to the west, includes; two pools and 46 apartments.
#AllawahPubSold #MosmanRetailPropertySold #ChatswoodOfficeSuiteSold #BoxHillDevelopmentSiteSold #TemplestoweDevelopmentSiteSold #DonvaleDevelopmentSiteSold #MalvernDevelopmentSiteSold #BurwoodRetailPropertySold #GoldCoastResortSold