Thursday, 2nd November 2017

Coffs Harbour Large Format Retail Sold

A private investor has acquired a 2496m² LFR centre fully-leased to the Good Guys on a 5916m² site from the Muir family at 300 Pacific Highway, Coffs Harbour for $5,1750,000 ($2’073/m² of Gross Building Area) – reflecting a 7.5% yield.

Crows Nest Residential Unit Block Sold

A private investor has acquired a block of four – two-bedroom units at 50 Falcon street, Crows Nest for $4.3 million ($1’075’000/unit) – reflecting a yield of 2.6%.

Greystanes Development Site Sold

A local developer has acquired a 5584m² Mixed-Used Development Site at 601-605 Great Western Highway, Greystanes for $4.5 million ($806/m² of Gross Building Area).

Greensborough Medical Investment Acquired

A Chinese investor has acquired a 813m² MIA Radiology-leased asset at 2/25 Grimshaw Street, Greensborough for $3.225 million ($3’967/m² per permissible site area) – reflecting a yield of 5.65%.

Clayton South Vacant Industrial Lot Sold

A private investor has acquired a 9841m² industrial plot of land at 103-113 Fairbank Road, Clayton South for $4 million ($406/m² per permissible land area).

Melbourne CBD Strata Office Sold

A private investor has acquired a fully leased; 402m² whole-floor strata office at Level 5, 271 William Street, Melbourne for $2.5 million ($6’218/m² per permissible Gross Building Area) – reflecting a 5.16% yield.

West End Office Building Sold

The Department of Education has acquired a 241m² double-storey office building on a 367m² site at 16 Horan Street, West End for $1.5 million ($6’224/m² of Gross Building Area) – reflecting a 6.3% yield.

Murarrie Vacant Office/Warehouse Sold

A private buyer has acquired a 1996m² industrial facility at 29 Smallwood Place, Murarrie inside the Metroplex Industrial Estate for $3.87 million ($1’939/m² of Gross Building Area).

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