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.
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.
$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.