• Patrick Ewing

Friday, 6th March 2020

63-65 Burrows Street, Alexandria

New South Wales

Alexandria Office/Warehouse Sold (AFR)

· A free-standing 2486m² office-warehouse at 63-65 Burrows Street, Alexandria has sold for $10.1 million ($4,062.75/m²) to a private investor by NSW Pacific Asian Investments Pty Ltd.

· The property is close to the future WestConnex St Peters interchange.

Chipping Norton Lease (AFR)

· Western Sydney Plasterboard has leased a 1940m²building at 5-11 Governor Macquarie Drive, Chipping Norton, south-west of Sydney's CBD.

· The four-year lease was made on a net annual rent of $396,800 ($204.54/m²) by a private landlord.

· The property comes with a 2028m² awning.

Huntingwood Industrial Lease (AFR)

· Ingredients maker Baker & Co Pty Ltd has leased a 3872m² industrial property at 15 Healey Circuit, Huntingwood from IMEX Shipping Pty Ltd.

· The three-year deal was made at a net annual rent rate of $145/m² ($561,440).

· The refurbished high-clearance warehouse, office, large awning and drive-around access is 12 kilometres from the Parramatta CBD and 35 kilometres from Sydney's CBD.

West Sydney Hardstand Lease (AFR)

· A 5806m² hardstand site at Part B, 426 Flushcombe Road, Blacktown in Sydney’s west has been leased to HS Operations Pty Ltd.

· The two-year lease with a one-year option, was struck at an initial gross rental of $26/m² ($150,956).

· The serviced and secured site is suitable for storage, subject to council approval, and is close to the Great Western Highway and the M7 and M2 motorways.

Wetherill Park Warehouse Lease (AFR)

· A private listed steel distribution tenant has leased a 2949m² warehouse on a four-year term at 1/46 Redfern Street, Wetherill Park, west of Sydney.

· The building was leased at a net annual rent of $335,000 ($113.60/m²) with the tenant receiving an incentive equal to one month's net rent free, for owner R N L Alchin Holdings.


Annerley Retail Sold (AFR)

· An investor has purchased a 763m²retail asset at 493 Ipswich Road, Annerley for $5.16 million ($6,762.78/m²) at auction.

· The ground-floor property with multiple tenants had seven registered bidders and took 24 bids.

Brisbane Office Lease (AFR)

· Littles Lawyers has leased a 263m² office suite on level 13 of Waterfront Place at 1 Eagle Street in Brisbane CBD.

· The firm have signed up to a 2-year term at $895/m²($235,385).

Yarrabilba Swim School Sold (AFR)

· An investor has bought a swimming school at 47-49 Adler Circuit, Yarrabilba, in Brisbane's south for $1.82 million.

· The new building on 1243m² of land has a 10-year lease to Little Snappers Swim School at a net annual rent of $137,500.


Altona Retail Property Sold (AFR)

· A Melbourne-based investor has paid $2.24 million ($5,397.59/m²) for a 415m² retail property at 89 Piers Street, Altona, south-west of Melbourne's CBD.

· The leased two-level property is configured as four shopfronts and five first-floor office spaces.

· The 396m² corner site has frontages to Railway and Pier streets totalling nearly 36 metres.

· The sale produced a 5.3% yield.

Canterbury Retail Lease (AFR)

· Bendigo Bank has leased a 179m²retail space at 145 and 147 Maling Road, Canterbury from a private landlord.

· The net annual rental for the five-year term is $65,000 ($363.13/m²).

Clifton Hill Medical Centre Sold (AFR)

· Private owner-occupiers have purchased a 379m² medical centre at 105 Queens Parade, Clifton Hill for $3 million ($7,915.57/m²) at public auction.

· The property includes 11 consulting rooms and a medical permit for eight practitioners.

Dandenong South Industrial Lease (AFR)

· North Fork Pty Ltd has leased a 4125m²industrial property at 23-29 Monash Drive, Dandenong South from Pellicano Group.

· The net annual rent rate is $395,000 ($95.76/m²) for a seven-year lease term.

· The building comprises an office-showroom of 625m²and an attached warehouse of 3500m².

Keysborough Industrial Complex Sold (AFR)

· A private investor has paid $3.55 million for a 1237m²industrial complex at 20-26 Fiveways Boulevard, Keysborough, in Melbourne's south-east.

· The fully leased property consists of four buildings, with the sale producing a 5.95% yield.

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