MARKET MOVES
NSW
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Milton Park Country House Hotel & Spa, Bowral
V: Guangxun Fan P: Salter Brothers
Speculated $20 million
Originally built in 1910, the Milton Park Country House Hotel & Spa was sold by Guangxun Fan.
Direct
A 113-place premium childcare investment with a 15-year lease and net income of $340,000 p.a. sold at a net passing yield of 5.99%
Colliers' Frank Oliveri, Andrew Bui and Harry Bui
35 Hillcrest Ave, South Nowra
P: Sydney-based private investor
$5.68 million
V: The Anglican Schools Corporation P: Local Vocational Training Establishment V: Rob Topfer and Rebecca Sparks P: Overseas Investor
A 2.25-hectare landholding close to the Bella Vista metro station in Glenwood, in Sydney’s northwest, has been sold following strong buyer interest.
Knight Frank's Grant Bulpett and Mark Litwin
1000 Old Windsor Road, Glenwood
$17.5 million
Former investment banking executive Rob Topfer and his partner Rebecca Sparks, have sold their 759-hectare farm near Yass.
Southern Tablelands
LAWD's Colin Medway and Tim Corcoran $15.5 million
private investor has paid $2.672 million for a medical centre with a 10-year lease and a net annual rental income of $135,000.
Burgess Rawson’s Geoff Sinclair and Yosh Mendis
45 Bowral Street, Bowral
P: Private Investor
$2.672 million
VIC
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
V: Nesci Family P: Nippon Telegraph Telephone Company
Japanese telco company, Nippon Telegraph and Telephone Corp (NTT), purchased a former egg farm in South Morang for $45 million from the historic 40 year owners. After a sales campaing that garnered over 70 enquiries, an industrial asset has been snapped up by leading national transport business, Hicks Transport Group, for $7.25 million. A 12,225 sqm industrial property in Melbourne’s inner west has been snapped up by an owner-occupier amidst a trend of tenants increasingly looking at purchasing their own premises rather than continuing to rent. A 2,934 sqm mixed-use industrial-office warehouse asset has sold under the hammer in Oakleigh.
RPM Group's Zaynoun Melhem, Ed Wright and Jun Lai
$45 million
1215 Plenty Road, South Morang
36-40 Strzelecki Avenue, Sunshine West
Colliers' Anthony Ongarello, Ned Walmsley and Charlie Woodley
$7.25 million
P: Hicks Transport Group
V: Private Seller P: Local Owner-occupier
Knight Frank's Joel Davy and Scott Braithwaite
$11.5 million
41 Strzelecki Avenue, Sunshine
Crabtree's Gavin Dumas, Joe Monea and Chris McKenzie
$7.125 million
1374 - 1476 North Road, Oakleigh
P: Owner-occupier
$12.588 million
A 5,614 sqm vacant Burwood aged care home has sold to an international owner- occupier for $12,588,888, setting a new pricing benchmark for the asset class.
CBRE's Sandro Peluso, Marcello Caspani-Muto and Jimmy Tat
8-18 Edwards Street, Burwood
P: International Investor
A prime vacant industrial allotment in Epping's highly sought-after industrial pocket, just 20 kilometres northwest of Melbourne's CBD, has sold for $3 million, representing a land rate of $1,096 per sqm.
Colliers' Corey Vraca and Mitch Purcell
$3 million
69 Trafalgar Road, Epping
P: Owner-occupier
Burgess Rawson's Shaun Venables, Justin Kramersh, David Napoleone and Romanor Falconer in conjunction with Cameron’s Nicole Robertson
A private investor has snapped up a strata retail outlet with a 5-year lease to Thira’s Thai Massage sold reflecting a yield of 5.2%
$780,000
11/1 Hunt Way, Pakenham
P: Private Investor
241-245 Brunswick Road, Brunswick
A 1,179 sqm warehouse asset in Melbourne's inner north has sold in an off-market sale for $6.8 million to an experienced local developer.
JLL's Jesse Radisich, Nick Pedan and Mingxuan Li
$6.8 million
P: Local Developer
11-15 Rocklea Drive, Port Melbourne
An 700 sqm office and warehouse space in Port Melbourne was sold in an off-market deal to education provider, Ashmark
$3.2 million
P: Ashmark
NSL Property Group's Guy Naselli
A three-level office building opposite Flagstaff Gardens has been purchased by a privately owned national vocational and education provider.
P: Sourthern Cross Education Institute
$2.8 million
445 King Street, West Melbourne
NSL Property Group's Guy Naselli
Circa $30 million
After a sales campaign that received over 200 enquiries, a central Melbourne CBD office tower has sold for around $30 million.
V: Private Seller P: International Investor
JLL's Josh Rutman, Nick Pedan and Mingxuan Li
99 Queens Street, Melbourne
22 – April / May 2023
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