New South Wales
HUNTER VALLEY - $46million
The Maitland Riverside Plaza in the Hunter Valley has been purchased for $46million with a yield of 5.9% by shopping centre developers and investors Rick Abrahams and Harold Marshbaum.
The shopping centre sits on 12, 625 square meters and comprises 18 specialty shops such as Aldi, Kmart and Best & Less.
BOTANY - Over $25million
Coombes Property Group has added a Botany industrial site to its portfolio at 2-4 Hale Street, Botany.
CPG paid almost $3400 per square metre, or $25.25 million for a 7435 square metre site in one of Sydney’s most tightly held industrial precincts.
SYDNEY CBD - $93.5million
The heritage-listed NSW Trustee & Guardian building in Sydney’s CBD has been acquired by Lendlease’s Australian Prime Property Fund Commercial for $93.5million.
The building has been home to NSW Trustee and Guardian since 1942.
NEWCASTLE - $35milion
The Caves Beach Hotel has been sold to Bill and Mario Gravanis’ Oscars Hotels for $35million, a record price in the Newcastle region.
Royal Hotels Group was the vendor.
Set on Mawson Close, the double storey asset abuts 39 multi-level guest cabins to the north and overlooks Caves Beach.
WAGGA WAGGA - $29million
Fund Manager Harvest Hotels has purchased the Wagga Wagga Hotel for $29million. The transaction has set a national record for a regional or country pub.
The building is a multi-level gaming venue is located at 55 Bayliss Street Wagga Wagga.
Victoria
SOUTHBANK - Circa 26.5million
An apartment development site in Southbank, with the potential for 20 level towers, has been purchased by Cedar Woods, an ASX-listed Perth based group.
The property is located at 141-151 Sturt Street and sits on a Capital City zoned block of 2717 square metres.
Tomassi & Co’s Alby Tomassi and Joseph Robilotta brokered the off-market sale on behalf of Fortune ZMC.
CARLTON
The John Curtain Hotel has been sold to an offshore developer for over $5.5million. The 335sqm Mixed use zoned block houses a pub and live music venue and sits at 27-31 Lygon Street, south west corner of Earl.
CBRE’s Alex Brierley, David Minty, Nathan Mufale and Mathew George represented the vendor.
BRIGHTON
An iconic landholding in Brightons main shopping strip has been sold for $16.2 million
The deal was brokered by conjunctional agents Fitzroys and Aston Commercial.
Queensland
BRISBANE - 15.7million
A 5584 sqm metre warehouse and 305 sqm office has been purchased off-market at Pinkenba near Brisbane airport for $15.7million. The modern office/warehouse investment is on 1.066 hectares at 29 Parker Court and was purchased by Centennial Group. It is leased for 5 years to Argent Australia.
Cushman & Wakefields Morgan Ruig and Bevan Galloway brokered the deal.
DARRA - 7.9million
A leased industrial investment in the QCL Estate has been sold at 43 Clinker street. Centennial paid 7.9million for the 3611sqm warehouse and 353 sqm office on 7000sqm.
The agent was Callum Stenson from Savills.
TOOWONG - $17million
Goldicott House has been sold by Pikos Group who purchased the property only a few years earlier for $8million, less than half the amount of today’s price. The heritage listed site was purchased by Brisbane Boys College who will retain it as an educational asset.
