Wednesday, 29th May 2019
New South Wales
Bridge Street Lease (AFR)
Dr Sam Prince has leased out 345m² of ground floor commercial space at 20 Bridge Street, Sydney, NSW 2000 for a new general practice clinic.
The clinic will offer Next Practice’s signature ultra-personalised care service with smart medical devices as well as a futuristic interior design and patient self-check-in.
The rent is confidential; but gross annual rents for higher floors in the building exist around $1150/m².
Macquarie Park Office Warehouse Sale (AFR)
LaSalle Investment Management has purchased the two-level 13,051.4m² office and warehouse property at 40 Talavera Road, Macquarie Park, NSW 2113 from Chinese residential developer, Aqualand.
The facilities leased to several tenants with a WALE of 3.5 years, sit on a 25,000m² site
The sale was for $70 million ($5,363.41/m² NLA), just three years after the developer bought the property for $54 million.
South-West Sydney Retail (AFR)
Foodworks Supermarket has secured 220m² of retail space at the new 161-apartment Altitude residential building at 387 Macquarie Street, Liverpool, NSW 2170.
The lease for seven years was struck on a gross annual rent of $95,680 ($434.91/m²).
Surry Hills Showroom Lease (AFR)
Rug manufacturer Armadillo & Co have relocated their company head office to a 434m² showroom in Sydney’s Surry Hills District on a net annual rent of $580/m² ($251,720 annually).
Wetherill Park Lease (AFR)
2500m² of office/warehouse space at 495 Victoria Street, Wetherill Park, NSW 2164 has been leased to Ronis Variety Discount Store at a gross annual rent of $120/m² ($300,000 annually).
Nerang Warehouse Lease (AFR)
A warehouse facility 33 Hinkler Drive, Highland Park, QLD 4211 has been leased to Evolution Water & Lighting Solutions.
The 2,750m² warehouse was leased on a net annual rent of $150/m² ($412,500 annually) for five years with options.
Maidstone Warehouse Lease (AFR)
3000m² of warehouse space at 21 Whittaker Street, Maidstone, VIC 3012 has been leased to construction equipment supplier Jaybro for three years at a net annual rent of $132,000 ($44/m²).