Victoria
LAVERTON NORHT - $32 million
A local private developer has purchased a 5.3-hectare industrial site in Melbourne's West for $32 million.
This prime last-mile industrial development opportunity, located at 8-14 & 16-18 Hume Road, offers a shovel-ready development opportunity with flexible options, dual street frontages, and short-term holding income.
"The near fully developed infill precinct is tightly held, with development opportunities of this nature rarely offered to the market," said Nick Saunders, National Director at Colliers.
The deal was managed by Colliers' Nick Saunders and Hugh Gilbert on behalf of Nufarm.
WILLIAMS LANDING - $25 million
Canberra-based hospitality operator, the Hellenic Club has offloaded a 3,126 sqm office asset South West of Melbourne.
Purchased by Perth-based fund manager, Ascot Capital, the office building came with a 10.5-year lease to Victoria's Emergency Services Telecommunications Authority.
The off-market deal was negotiated by CBRE's Scott Orchard.
FERNTREE GULLY - $8.62 million
An expansive 14,204 sqm property at 75 Acacia Road, which is permit-approved for a new 21-warehouse development designed by D’Andrea Architects, has sold to a NSW-based investor, representing a yield of 6.49%.
The site is currently tenanted by ASX-listed asset manager Service Stream, which utilises its strategic position in Melbourne’s eastern industrial zone as a headquarters, equipment storage facility and vehicle fleet depot.
The deal was managed by Jones Real Estate's Paul Jones and Tim Spargo.
MOUNT WAVERLEY - $6 million
A high-tech industrial strata warehouse was sold off-market to an owner-occupier.
The transaction was negotiated on behalf of a private investor by AND Property's Ben Bryce Pane, Ricardo Cappelletti and Ben Quennell.
“The sale rate of $3,614 PSM represents an extremely strong result for a strata property of this size,” Mr Quennell said
The property features a high-tech office component with first-class fit-out, frontage to Lionel Road and a functional high-clearance warehouse.
New South Wales
BANKSTOWN - $26.45 million
A two-level office building in Bankstown has changed hands for a record-breaking $14.825 million, setting a new sales rate for the area based on net saleable area/gross floor area.
The property, located at 2 Jacobs Street, was sold through a highly competitive on-market Expressions of Interest campaign. It was purchased by a Bankstown owner-occupier in the education industry who also acquired the neighbouring property, a two-level office building with parking, at 4-8 Jacobs Street for $11.625 million in an off-market sale.
CBRE’s Andre Taouil and Alex Mirzaian managed the two consecutive sales, which were finalised for a combined total of $26.45 million.
CAMPERDOWN - $8.8 million
A unit block in Sydney was purchased by an overseas private investor following a sales campaign managed by Knight Frank's Anthony Pirrottina, Demi Carigliano and Adam Droubi.
The 13-unit block is located at 128 Parramatta Road, and holds one commercial space on the ground floor, with a current gross passing income of circa $535,000.
Queensland
SPRING HILL - $8.4 million
Huge demand for office space in Brisbane has seen $8,427,500 in strata sales in one building in 12 months, with local medical, engineering and finance companies snapping up space in the prime Spring Hill building with sweeping views.
In a deal transacted by Colliers agents Nick Wedge, Shaun Seeto and Tony Wang, the 6 tenancies in 67 St Pauls Terrace, located in the heart of Spring Hill, were transacted to 5 owner-occupiers and 1 investor on behalf of Triumph Investment Group.
LYTTON - $4.125 million
Showing continued demand for industrial assets in the Australia TradeCoast, a 3,064 sqm site at Lytton has been sold to a local private investor.
Transacted via an expressions of interest campaign by the Colliers team of James Wilkie and Angus Yule, 31 Trade Street Lytton, located in the highly sought-after Australia TradeCoast, was sold on behalf of Early Bird Steel.
Colliers Queensland Industrial Senior Executive James Wilkie said the Australia TradeCoast area was in high demand from investors as it held a strategic position near both the Port of Brisbane and Brisbane Airport, making it a critical hub for the movement of goods to and from Queensland.
Western Australia
O'CONNOR - Undisclosed
A 4.29-hectare vacant block at 144 Carrington Street was offloaded by Elsted Pty Ltd.
This rare site, strategically positioned on the major arterial route of Carrington Street, directly opposite the prestigious Royal Fremantle Golf Course, is the largest sale in WA for an industrial land holding in 2024.
The transaction was managed by Colliers’ Richard Cash and Sam Hammond, in conjunction with RWC WA’s Brett Wilkins and Stephen Harrison.
