Monday, 1st July 2019

Smithfield Vacant Industrial Sale (AFR)

Private investors Oz Motorland has purchased the 1353m² vacant industrial land parcel at 61-63 Market Street, Smithfield, NSW 2164 for $1.78 million ($1,316/m²) from Leichris.
Purchaser Oz Motorland plans to use the property as a holding yard for vehicles.

Sydney CBD Lease (AFR)

The International College of Management has secured a three-year lease for an entire level of office space at Level 4 of 451 Pitt Street, Sydney, NSW 2000.
The lease for the 1185m² of space is on a gross annual rent of $754/m² from Study Group Australia ($893,490

ASX-listed Car Dealer Site Sale (AFR)

ASX-listed car dealer AP Eagers has sold its 12,485m² auto dealership property at 99 Breakfast Creek Road, Newstead, QLD 4006 to Seymour Group for $61 million ($4886/m²).
The facilities sit on an 18,070m² site and is being leased back for 7 years to AP Eagers.

Burleigh Heads Industrial Sale (AFR)

Gold Coast solar panel company Blade Pile Group have purchased the 1481m² industrial property at 12 Junction Road, Burleigh Heads, QLD 4220 for $3.05 million ($2059/m²).
The 2280m² site includes the 1481m² modern industrial facilities that features a 9-metre internal ceiling height clearance and also has parking and dual truck unloading bays.

Former Fairfax Printing Site Sells (AFR)

The former Fairfax Media printing site at 58-68 Delancey Street, Ormiston, QLD 4160 has been purchased by signage company SS Signs for $7.425 million ($143/m²).
The 5.19-hectare site includes 5160m² of office/warehouse space.
Director of SS Signs Steve Lambourne plans to occupy the building before converting it into a medical precinct for Allied Health with a sports medicine and science facility and a medical research centre.

Singaporean Group Purchase Elizabeth Street Building (AFR)

Telstra have sold and leased back their 10,600m² office building at 280 Elizabeth Street, Brisbane City QLD 4000 to Singaporean company Firmus Capital for $57 million ($5,377/m²).
The building sits on a large 1,670m² land holding adjacent to the Brisbane GPO and is a unique opportunity to redevelop with a multitude of future uses including commercial, residential and hotel.
The leaseback period to Telstra is 7 years, with Telstra as the tenant paying all maintenance and taxes associated with the property. The net annual income is $3.18 million.

IT Distributor Purchases Large-scale Office/Warehouse (AFR)

A 4649m² office/warehouse building at 40 Koornang Road, Scoresby, VIC 3179 has been sold to Collingwood-based national IT distributor Alloys for $7.35 million ($1,581/m²).
The site includes a fully fitted two level corporate style office of 892m² and a clear span warehouse of 3757m².

Melbourne Retail Sale (AFR)

An investor has purchased the new 200m² shop at 3 Linden Tree Way. Cranbourne North, Melbourne for $1.295 million ($6,475/m²).
The property sold with a 7 x 7-year lease to grocery business Seven Day Fresh returning $82,400 p.a. at a yield of 6.3%.

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