VictoriaÂ
ABBOTSFORD - $10 million
After selling its Camberwell headquarters in December, the REIV has found its new home at 617 Victoria Street, Abbotsford.Â
The 1,658 sqm property is situated 200m city-side of Victoria Gardens Shopping Centre and features a modern multi-level office space with 52 car parks.Â
Settlement for the property is scheduled for late June 2024, after which a contemporary interior fit-out will be commissioned.Â
The deal was negotiated by Gorman Allard Shelton's Peter Bremner and Joseph Walton.Â
MELBOURNE - $7.55 millionÂ
An offshore investor has successfully acquired a prime, centrally-located property situated at 105 Elizabeth Street, Melbourne.Â
Offloaded by a local investor, the asset came partially tenanted by Coleman's Music with the remainder of the asset being unoccupied, allowing the successful purchaser to utilise the property as an owner occupier.Â
The off-market deal was negotiated by Cushman & Wakefield's Oliver Hay, Anthony Kirwan, Daniel Wolman & Leon Ma, with the purchaser being sourced via their Asia Capital Services.
Queensland
MITCHELTON - $5 millionÂ
A vacant development site near leading medical facilities and retail amenities in Brisbane’s north will be developed into an aged care facility following its sale.Â
The 4,768sq m site at 1-7 Northmore Street in Mitchelton, adjacent to Brookside Shopping Centre, is approved for a 6,849 sqm four-storey, 106-bed residential facility. Â
It was sold for $5 million in a deal negotiated by Knight Frank agents Christian Sandstrom and Sam Biggins. Â
The property, which is an amalgamation of four lots, was purchased by Southern Cross Care, who identified the site as a strong near-city residential infill opportunity due to its current approval.Â
PARADISE POINT - $2.6 millionÂ
A local private purchaser has acquired a prime double block spanning 1,012 sqm at 7 & 9 Bruce Avenue and intends to landbank the property for future townhouse development.Â
Boasting a coveted location directly opposite the thriving Paradise Point shops, this property offers substantial growth and development potential while also generating a strong holding income.Â
The deal was handled by Harcourts Coastal Commercial's Lachlan Marshall and Jared Johnson.
New South Wales
WETHERILL PARK - UndisclosedÂ
A listed real estate fund has purchased a 1,927 sqm industrial facility at 11 Hexham Place, which sits on a 4,197 sqm landholding.
In a deal facilitated by Cushman & Wakefield's Carl Pearce, Alistar Siokos and Nick Brooks, the property is located in one of Sydney's most dynamic and coveted industrial precincts.
