MARKET MOVES
QLD
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
91 Lytton Road, Balmoral
A $150 million residential development designed for sustainable subtropic living will be built in Brisbane’s inner east following the sale of a 23,2655 sqm site.
Knight Frank's Blake Goddard and Matt Barker
$27.5 million
P: Zhen Chen of Skyhold
V: Crest Accounts P: Private Property Developer
CBRE’s Mark Witheriff, in conjunction with GV Property Group’s Antonia Mercuri
4 Miami Key, Broadbeach
The partners of Crest Accounts have sold their Broadbeach waterfront office building to a property development company amid a 15-year low for Gold Coast office vacancy levels.
$10.8 million
Institutional fund RAM has purchased a brand new healthcare facility. The asset comprises four buildings with 10,000 sqm of NLA which is occupied by a diverse range of healthcare operators, including Lumus Radiology, Lvy Dental and Lvy Medical.
RWC Medical's Franz Stapelberg, Chris Meyer, Nicolas Milner and Jesse Meyer
20 Nellie Street, Nundah
$51.25 million
P: RAM
Fund Manager Clarence Property has sold a brand-new Ripley childcare centre as the asset class continues to be highly sought after. The 154-place centre is secured by a 15-year net lease to Little Locals Early Learning Group, a privately owned business with eight childcare centres throughout the Southeast Queensland regions. A 3-storey commercial property in Springwood has been transacted on behalf of Invest Logan to a not-for-profit organisation that educates, supports and empowers women and their families across the Redlands and Logan region.
V: Clarence Property P: Private Brisbane-Based Investor
1 Brooking Rise, Ripley
$7.6 million
CBRE’s Harrison Coburn
V: Invest Logan P: The Centre for Women & Co
8 Cinderella Drive, Springwood
$4 million
Colliers' Philip O’Dwyer
821 Ruthven Street, Toowoomba
Land lease, holiday park and caravan park operator Hampshire Property Group, purchased the 2.79-hectare Toowoomba Motor Village.
V: Long Time Family Owners P: Land Lease
LJ Hooker Commercial's Chris Stewart and Mike Stewart
$8.25 million
1381-1385 Anzac Avenue, Kallangur
An interstate investor has snapped up a high-performing Hungry Jack’s asset at Kallangur in a competitive auction.
V: Private Vendor P: Interstate Investor
Colliers' Hunter Higgins and Sam Polichronis
$6.1 million
A Victorian private investor has purchased a 2,865 sqm Home & Life Centre. The final sale price reflected the sharpest yield for a regional large-format retail asset in Queensland in the last 18 months.
74-80 Albion Street, Warwick
Colliers' Harry Dever, Marlon Crawford and James Wilson
$11.8 million
P: Victorian Private Investor
The Karalee Medical Centre located in Chuwar sold reflecting a yield of 6.5%. The standalone medical facility boasts a premium infrastructure and was sold with a 4.8-year WALE. The net annual rental is $463,376.
Burgess Rawson's Raoul Holderhead, Andrew Havig, Rick Jacobson, and Tom Lawrence
4 Centre Court, Chuwar
$7.1 million
Undisclosed
V: KordaMentha, as Recievers and Managers P: Tirumalasetti Group
129 Wharf Street, Tweed Heads
A locally based esteemed hospitality entity, the Tirumalasetti Group, purchased the Bayswater Tweed Motel.
CBRE’s Hayley Manvell and Mark Witheriff
Undisclosed
TAS 8 Birdwood Avenue, Moonah
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
An industrial property in Hobart’s preferred industrial precinct of Moonah was purchased by a mainland private syndicate million following a strong sales campaign.
Knight Frank's Matthew Wallace and Tom Balcombe
$9.7 million
P: Mainland Private Syndicate
16 – May / June 2024
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