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  • Patrick Ewing

Tuesday, 10th September 2019


New South Wales

Multi-Tenanted Industrial Sale at Mulgrave (AFR)

  • A multi-tenanted industrial complex at 81 Railway Road North, Mulgrave, NSW 2756 has been bought by a private owner-occupier for $9 million ($1,865.28/m²).

  • The 4825m² complex comprises of 8 factory units, has a net annual rent of $726,447 ($150.56/m²), and sits on a 2-hectare site.

Queensland

Petrie Terrace Heritage Sale (AFR)

  • A heritage-listed substation at Substation No.4, 22 Petrie Terrace, Petrie Terrace, QLD 4000 has been sold for $2.025 million ($5,955.88/m²) to Gelo Property.

  • The 340m², three-level building, is being used as an office and the new owners intend to occupy the property.

Spring Hill Strata Office Sold

  • A tenanted 1374m² strata office, just outside the Brisbane CBD at 170 Leichhardt Street, Spring Hill, QLD 4000 has been sold to a Sydney based investor for $5 million ($3,639/m²).

  • The office on level two is leased to Imagine Education Australia for seven years and includes 22m² of balcony space, and nine car parks.

Victoria

Brighton Bank Sale (AFR)

  • A 288m² retail property at 35 Church Street, Brighton, VIC 3186, has been sold for $6.1 million ($21,180.56/m²).

  • The property is leased to National Bank of Australia and was sold on a 3.5% yield after being owned previously for 23 years.

Cremorne Vacant Warehouse Sale (AFR)

  • A private investor has purchased a 351m² vacant warehouse at 57-59 Stephenson Street, Cremorne, VIC 3121 for $3.95 million ($11,253.56/m²) at auction.

New Bayswater Showroom Sold (AFR)

  • A 2038m² office/showroom/warehouse at 865 Mountain Highway, Bayswater, VIC 3153 has been sold to a private investor for $4.5 million ($2,208.05/m²).

  • The site is leased for five years at an annual rent of $256,000 ($125.61/m²) and sold on a 5.68% yield.

Retail Sale in Armadale (AFR)

  • A 204m² two-level retail building at 719 High Street, Armadale, VIC 3143 has been purchased by a local owner-occupier for $1.55 million ($7,598.04/m²) at auction.

#Mulgrave #PetrieTerrace #GeloProperty #Brighton #SpringHill #NationalBankofAustralia #Cremorne #Bayswater #Armadale

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