Tuesday, 19th February 2019
New South Wales
Old Office Space Transforms into Bar (AFR)
88m² of top-level office space and outdoor area of 199 Clarence Street, Sydney NSW 2000 has been leased for five-years at a gross annual rent of $40,000. The space has been converted into a bar that is becoming increasingly popular due to its secrecy and unusual entry through the multi storey office building.
Western Sydney Industrial Lease (AFR)
The 8459m² warehouse/office at 58 Huntingwood Drive, Huntingwood NSW 2148 has been leased to Koch and Co for a $761,310 net annual rent ($90/m²) on a seven-year term.
Mermaid Beach Corner Block Sold (AFR)
The 405m² corner block with a split level, five-bedroom house at 215 Hedges Avenue Mermaid Beach, Qld 4218 has sold for $4.9 million to a private buyer from an Asian country. It was sold within 18 days of appearing online.
Fringe Office Bought by Forza Capital (AFR)
Fund manager Forza Capital has purchased the three-level office block at 55 Russell Street, South Brisbane QLD 4101 for $23.65 million. The 4081m² office was bought on a fully leased yield of 6.8%.
Armadale Retail Space Leased (AFR)
160m² of space at Level 1 of 1202 High Street, Armidale VIC 3143 has been leased by wedding dress maker Luci Di Bella on a three-year lease for an annual rent of $52,000 ($325/m²).
Sunshine West Industrial Lease (AFR)
The 1.5ha site containing 2300m² of warehouse space has leased to ATE Tankers for five years at an annual rent of $190,000 ($82.61/m² of warehouse space).
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