Monday, 25th March 2019
New South Wales
Purchaser of Potts Point Metro Theatre Revealed (AFR)
Abacus Property Group has been revealed as the purchaser of the historic Metro Theatre in Potts Point for $19.8 million. The classic theatre at 28-30 Orwell Street, Potts Point, NSW 2011 was exchanged last May yet now has been settled. The 1255m² site has significant development potential with its height limit of 22 metres.
North Sydney Office Lease (Sydney Morning Herald)
Hyundai Motor Group owned Hyundai Rotem has sub-leased 560m² of office space at 107 Mount Street North Sydney NSW 2060 from sub-lessor GfK Australia.
The short-term lease exists on an annual $336,000 gross rent ($600/m²).
Chatswood Warehouse Lease (Sydney Morning Herald)
Anaconda Retail Group has leased a showroom/warehouse at 157 Lower Gibbes Street, Chatswood NSW 2067 from Penrole & Co Pty Ltd.
The area is costing Anaconda Retail Group $300/m² for 1910m² of space on a 10-year lease plus a six-year option.
Artarmon Warehouse Lease (Sydney Morning Herald)
403m² of warehouse space has been leased to Audcare car servicing from Yugan Glen Pty Ltd.
The five-year lease for the premises at 50 Whiting Street, Artarmon NSW 2064 is for $340/m² gross with an additional five-year option.
Office Suite Development Achieving High Sale Rate (AFR)
$8 million has been made from sales of specialist office suites developed at 7 Ormond Boulevard, Bundoora VIC 3083.
16 out of the 22 suites available off-the-plan in the first stage of the development by MAB Corp have been sold, mostly to medical occupants who represent 60% of the sales.