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  • Patrick Ewing

Thursday, 18th July 2019


New South Wales

Landmark Barangaroo Building Sold for $40 Million (AFR)

  • Powerhouse Lendlease have sold the distinctive Barangaroo House building at 35 Barangaroo Avenue, Barangaroo, NSW 2000 for just under $40 million.

  • The 1491.5m² building is leased by hospitality group Solotel, owned by celebrity chef Matt Moran and Bruce Solomon, for 10 years ending 2027, with a 10-year option.

  • $122.50/m² ($2,589,895).

  • The building boats three levels including a ground floor bar, a restaurant on the second floor and a rooftop bar with harbour views.

Queensland

Sunshine Coast Showroom Sold (AFR)

  • WA-based investors Properties & Pathways has sold a 3,212m² retail showroom at 1 Eden Street, Minyama, QLD 4575 to a private Victorian-based investor for $12.05 million ($3,752/m²).

  • The property was bought with five leases, a 7.06% yield and a WALE of 4.17 years.

Vacant Brisbane Warehouse Space Purchased (AFR)

  • A 667m² vacant industrial warehouse at 107 Northlink Place, Virginia, QLD 4014 has been sold by vendor Mitchell Enterprises and B25 for $1.28 million ($1,919/m²).

Victoria

Glenroy Retail Sale (AFR)

  • A private local family have purchased a two-level, 1336m² building at 789 Pascoe Vale Road, Glenroy, VIC 3046 for $9.47 million ($7,088/m²).

  • The property was sold with a WALE of 8+ years being leased to Commonwealth Bank, Modern Medical and Ray White for a total annual rent of $499,691.

Melbourne Medical Centre Sale (AFR)

  • The 613m² Waverley Medical Centre at 242-244 Springvale Road, Glen Waverley, VIC 3150 has been purchased by a private investor for $7.28 million ($11,876/m²).

  • The centre offers redevelopment upside and sits on a 1504m² site.

Thomastown Office/Warehouse Sale (AFR)

  • Local developer Costin Investments has purchased a 2700m² office/warehouse at 43-47 Northgate Drive, Thomastown, VIC 3074 for $4.3 million ($1,593/m²).

  • The property sits on a 9000m² site and has a passing net annual rent of $316,520 ($117/m²).

#Barangaroo #Lendlease #Minyama #Virginia #Glenroy #GlenroyRetailBuildingSold #GlenWaverley #GlenWaverleyRetail #Thomastown

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