Tuesday, 22nd October 2019
New South Wales
Artarmon Warehouse Leased (AFR)
· Roof supplier Slate NSW have leased a 231m² warehouse/distribution centre at 6/78 Reserve Road, Artarmon NSW 2064 from landlord Algaton.
· Slate will pay a net annual rent of $69,300 ($300/m²).
Seven Hills Office/Warehouse Lease (AFR)
· Infinity Hospitality have signed a three-year lease for a 605m² office/warehouse at 18 Artisan Road, Seven Hills NSW 2147.
· The lease comes with a net annual rent of $135/m² ($81,675).
Silverwater Industrial Lease (AFR)
· The Acoustic Box have leased a 952m² industrial property at 6 Carolyn Street, Silverwater NSW 2128 from lessor Swetha International.
· The three-year lease comes with a gross annual rent of $125,000 ($131.30/m²).
St Marys Office/Warehouse (AFR)
· Sutton Engineering Group has agreed to a five-year lease with options for a 2,400m² warehouse/office at 25 Bent Street, St Marys NSW 2760.
· Sutton will pay a net annual rent of $264,000 ($110/m²).
Camberwell Retail Lease (AFR)
· A three-year term has been agreed by Sumo Sushi Grill for the lease of a 314m² retail unit at 662 Burke Road, Camberwell VIC 3124.
· The restaurant will pay a net annual rent of $165,000 ($525.48/m²).
Melbourne Northern Suburbs Medical Centre Sale (AFR)
· Local investor Ken Biddick has paid around $25 million ($17,857.15/m²) for the purchase of a 1,400m² medical centre at 2 Woodbine Road, Cranbourne North VIC 3977.
· The centre was sold by local GP Dr Leon Shapero who developed the two-level complex in 1987 and still occupies a part of it.
· It sold with a 15-year triple-net lease expiring in 2049 and currently has an annual rent of $1.3 million from tenants including GPs, a pharmacy, radiologist and other specialists.
Richmond Office Lease (AFR)
· A film production company has leased a 160m² office at Studio 4, 30 Wangaratta Street, Richmond VIC 3121 to film a popular cooking show.
· The three-year lease comes at an annual rent of $60,000 ($375/m²)