Monday, 20th May 2019
New South Wales
Angel Place Lease (AFR)
Architect Urbis has secured 3800m² of office space at AMP Capital’s Angel Place in Sydney CBD.
Urbis has relocated from Sydney's western corridor to Angel Place at 123 Pitt Street, Sydney, NSW 2000.
Urbis signed a 10-year lease with a confidential rent. Net annual rents in the building exist between $1100-$1300/m².
Two Marinas Hit the Market (AFR)
Two Central Coast marinas have been put up for sale and are expected to collect a total $30 million.
Marmong Point Marina, at 1 Nanda Street, Marmong Point NSW 2284 is on Lake Macquarie, and spans 50,000m² with a two-storey property, an industrial building, 235 wet berths and 10,000m² of freehold land.
Koolewong Marina, at 19 Brisbane Water Drive, Koolewong NSW 2256 is a 15,725m² site with a two-storey building, 45 car spaces, 71 wet berths and a new 30-year ground lease.
$4.4 Million Showroom (AFR)
A vacant showroom at 107-115 Spencer Road, Carrara, QLD 4211 has been purchased by Dick Karreman.
The 4949m² site with a warehouse, showroom, office, a display yard and car park, was sold for $4.4 million ($889.07/m²).
Chapel Street Sales (AFR)
A two-storey building on a 180m² site at 100 Chapel Street, Windsor, VIC 3181 has sold for $3.25 million to local investors.
A larger 492m² site at 521-525 Chapel Street, Windsor, VIC 3181 comprising a pair of two-storey buildings has sold for $7.1 million to local investors.
Retail Multi-sale (AFR)
Three retail shops totalling a floor area of 513m² at 509-513 Riversdale Road, Camberwell, VIC 3124 spread across a 537m² site was purchased by a local investor for $4.65 million ($9,064.33/m²) on a 3.7% yield.
Singaporean Hospitality Group Outlay $45 Million (AFR)
The 162-room hotel at 167 City Road, Southbank, VIC 3006 has been bought by Singaporean hospitality company Next Story Group for $45 million.
The newly constructed property will be the launching pad for the new hotel brand after being previously named Silverneedle Hospitality, with the hotel being Next’s third in Melbourne.