Tuesday, 29th October 2019

New South Wales

Ingleburn Industrial Sale (AFR)

· D&P Waters Property Holdings have sold a 2000m² industrial property at 8 Shaw Road, Ingleburn NSW 2565, to owner-occupier FOY SPT for $1.65 million ($825/m²).

Smithfield Warehouse Sold (AFR)

· Clayton Road Investments have sold a 1650m² warehouse at 45 Sturt Street, Smithfield NSW 2164 for $5.05 million ($3,060.61/m²)

· The property has an annual net rent of $252,000 and sol on a 4.99% yield.

Queensland

Ascot Commercial Deal (AFR)

· A 691m² commercial property at 99 Racecourse Road, Ascot QLD 4007 has been purchased by a private investor for $3.1 million ($4,486.25/m²).

· The multi-tenanted property is anchored by National Australia Bank (NAB) but also has medical and office tenants and a one year weighted average lease expiry.

Victoria

Bayswater Industrial Sale (AFR)

· A 550m² industrial site comprising of a 400m² warehouse and 150m² office at 10 Scoresby Road, Bayswater VIC 3153 has been purchased by a national retailer for $1.1 million ($2,000/m² NLA).

Bayswater Mixed Use Sale (AFR)

· A 1,398 m² mixed-use corner site at 705 Mountain Highway, Bayswater VIC 3153 has been purchased by a developer for $3.91 million ($2,796.85/m²) before expressions of interest closed.

· The existing building offers a net internal area of 556m² with three (3) phase power, significant retail, storage and office areas as well as eleven (11) dedicated parking spaces returning $185,000* p.a. + GST and Outgoings.

Chirnside Park Childcare Sale (AFR)

· An 850m² commercial property at Unit 9/286-288 Maroondah Highway, Chirnside Park VIC 3116 has sold for $1.7 million ($2,000/m²) at a 7% yield.

· The property is leased to Ace Space Children’s Play Centre who renewed for five ears in March, paying $118,014 p.a. with 3% fixed annual increases.

Wantirna South Shop/Office Sale (AFR)

· A private investor has paid $1.65 million for a two-storey shop/office in the Studfield shopping strip in Wantirna South, VIC 3152. The property sold on a 4.6% yield.