Wednesday, 21st August 2019
New South Wales
Blacktown Office/Warehouse Lease (SMH)
Emjay Products Pty Ltd have leased a 1539m² modern two-level office/warehouse facility at Unit 2, 1A Bessemer Street, Blacktown, NSW 2148.
The 6-year lease with a 5-year option is for a net annual rent of $135/m² ($207,765).
Lake Macquarie Warehouse Sale (SMH)
The 2930m² warehouse at 114 Stenhouse Drive, Cameron Park, NSW 2285 has been purchased by a private Sydney-based investor for $5 million ($1,706.48/m²).
The property was sold at auction with significant interest due to its lease covenant to Bunnings.
The property was sold on a yield of about 6.18% with the lease being a five-year lease commencing in November 2018.
North Albury Shopping Centre Sold (AFR)
The 3949m² North Albury Shopping Centre has been sold to a private investor for $16.5 million ($4,178.27/m²).
The neighbourhood centre sits on a 1.2-ha corner site at 330 Urana Road, Lavington, NSW 2641 and sold on a 6.2% yield, being leased to a Coles Supermarket and Liquorland among other businesses.
Pitt Street Lease (SMH)
A 124m² strata-titled office with existing fit-out has been leased to Gorval Lynch Pty Ltd for $693/m² gross ($85,932).
The office at Suite 902/Level 9, 84 Pitt Street, Sydney, NSW 2000 is being leased on a two-year term.
Altona Inland Port Lease (AFR)
One of Australia’s largest shipping container logistics firms, ACFS Port Logistics have signed a 10-year lease for the $45 million warehouse and container park at Salta Properties’ Altona Inland Port in Altona, Victoria 3018.
ACFS have taken a seven-hectare site in the facility on which Salta will build a 25,000m² warehouse and 37,000m² of container hardstand. The deal is understood to be between $80/m² - $90/m² ($2,000,000-$2,250,000) for the warehouse and about $55/m² ($2,035,000) for hardstand.
ACFS will join global shipping giant Maersk Shipping Lane in the Nexus Industrial Altona terminal, an inland port designed to handle fully loaded containers in bulk.
The facility has plans to be fully connected to the Port of Melbourne and is apart of the Port Rail Shuttle Network that was designed to reduce truck trips into the port by 3500 per day, with the current number being around 5500.