Thursday, 4th April 2019

New South Wales

Regional Institute Sale (AFR)

• $4.8 million ($3,957/m² NLA) has been parted with by a private investor for the 1,213m² of commercial space at 167-173 Auburn Street, Goulburn, NSW 2580.

• The building holds a net income of $277,390 + GST with annual reviews in line with CPI.

• The building was on the market for the first time in 25 years after consisting of long-standing tenants in occupation for 20+ years - NAB, NSW Police and the NSW Government.

Queensland

Multi-Million Dollar Industrial Site (AFR)

• The 19,024m² industrial premises at 38 Pineapple Street, Zillmere, QLD 4034 has sold for $8.75 million ($460/m²) to a private investor.

• The site contains 6.970m² of improved heavy-duty concrete hardstand and is a regularly shaped block whilst also being currently leased to Surepipe Pty Ltd for 5 years at $708,831 annually.

Netball Queensland HQ Sold (AFR)

• $2.2 million ($3,202/m² NLA) was the price for the former headquarters of Netball Queensland at 210-212 Beaudesert Road, Moorooka, QLD 4105.

• The 1,261m² block includes 687m² NLA and 25 undercover parking spaces, with the purchaser planning redevelopment.

Paddington Commercial Sale (AFR)

• The two-storey commercial building at 31 Stevenson Street, Paddington, QLD 4064 has sold to a local investor for $3.35 million ($2,013/m² NLA).

• The 2,165m² premises includes 1,664m² of NLA over a mix of office and warehouse and is positioned just 2km (approx.) from Brisbane CBD.

Sunshine Coast Retail Strip Sold (AFR)

• The Oasis Centre retail strip at 16 Sunshine Beach Road, Noosa Heads QLD 4567 has sold for a collective $6.8 million ($4,480/m²) to a private investor.

• The strip includes 10 retail and office tenancies occupying 1,518m² of space spread across two buildings.

Victoria

$4.5 Million Retail Centre (AFR)

• The 708m² retail centre sitting on the 1,025m² block at 92-96 O'Shanassy Street, Sunbury, VIC 3429 has been acquired for $4.5 million ($6,356/m² NLA).

• The centre, anchored by national healthcare operator Tristar Medical Group on a new 10-year term plus options, has a favourable long-term WALE of 8.1 years + options and an annual income of $275,000 (approx.) + outgoings + GST.

#GoulburnCommercialSpace #ZilmereIndustrial #SurepipePtyLtd #NetballQueensland #MoorookaOffice #PaddingtonCommercial #BrisbaneCBD #SunshineCoastRetailSlae #SunshineCoastRetailStrip #NoosaRetailSale