Australia
Jun 28 2017
Add to Favorites Remove From FavoritesSimon Johanson, The Sydney Morning Herald
MARKET WRAP
SALES
Port Melbourne
An owner-occupier has purchased one of the largest vacant land parcels in Fishermans Bend, which currently has a 12-level residential redevelopment permit in place, soon to be amended into a 12-level commercial development. Colliers International's Lachlan Dornauf, in conjunction with JLL's Lincoln Reynolds and Marcus Quinn, negotiated the sale of the 3362sq m development site at 101 Salmon Street for about $7.9 million. In another deal, Mr Dornauf, in conjunction with Raine & Horne Commercial's Francis Sbaglia, sold a 3362sq m office/warehouse in at 56-92 Langford Street in North Melbourne off market for $8.25 million.
Glen Iris
Two strata offices have sold within a week of coming to market, snapped up by self-managed super funds. Gorman Commercial sold the two suites at 1632 High Street on a yield of 5.2 per cent. One office went for $750,000, the other for $550,000. Low returns from bank deposits were driving alternative investment strategies, Alex Browne and Stephen Gorman said.
Go to The Sydney Morning Herald and read the full story.
SOURCE: The Sydney Morning Herald
Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.
SIGN UP HERE >