MARKET MOVES
QLD
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
After a sales campaign that attracted over 300 enquiries from local, interstate and overseas investors, the IGA Marketplace in Ascot has sold, reflecting a yield of 4.88%.
Ray White Commercial QLD's Michael Feltoe and Lachlan O'Keeffe
27 Alexandra Rd, Ascot
$12.1 million
Direct
The Papilio Early Learning and Kindergarten-operated childcare centre, located within the master-planned Robina Health Precinct has sold reflecting a 21% premium to its 2020 purchase price.
V: Centuria P: Private Investor
60 Investigator Drive, Robina
Burgess Rawson's Natalie Couper
$8.8 million
A syndicate of southern investors has found fertile ground for a property in Townsville, acquiring a large industrial warehouse complex used for the distribution of fertilisers.
33-39 Industrial Avenue, Bohle
P: Unikorn Commercial Property Knight Frank's Paul Dury and Dan Place $6.68 million
Seven lots in the seaside suburb of Redcliffe have sold in one line in a series of on and off-market transactions.
Savills' Gregory Woods and Daniel Pepper Savills' Gregory Woods and Daniel Pepper
93, 95-97 Redcliffe Parade, Redcliffe
P: Private Buyer
$8 million
14, 16 and 18 Wellington Road and 25 Nile Road, Woolloongabba
A cluster of quality development sites, totalling 2,729 sqm, in the heart of Brisbane’s popular Woolloongabba has sold with a development allowance for up to 20 storeys.
P: Sarazin
$12.5 million
Gina Rinehart has sold 2.4 million hectares of grazing country over four stations in Queensland and Northern Territory. With a land area greater than Denmark, Rinehart sold parts of her S. Kidman & Co Cattle stations to focus on Wagyu beef production in the future due to its higher value. A 4.26-ha site in one of the fastest-growing industrial precincts in South East Queensland has been sold, with approval for up to 16,211 sqm of additional floor area granting the purchaser with a significant opportunity to expand.
V: Gina Rinehart P: Appleton Cattle Company & Malcolm Harris
Circa $205 million
Various, Queensland and Norther Territory
Direct
Colliers' David Brisk and Nick Evans $16.5 million
183 Burnside Road, Stapylton
P: Brisbane Isuzu
Former Club Med site, Lindeman Island has sold for a 50% discount from its $20 million asking price last year
V: White Horse Group P: Well Smart Group
CBRE's Wayne Bunz and Halley Manvell
$10 million
Lindeman Island, Whitsundays
CBRE's Michael Hedger, Joe Tynan and James Douglas in conjunction with JLL's Jacob Swan, Sam Hatcher and Ned McKendry CBRE's Michael Hedger, Joe Tynan and James Douglas in conjunction with JLL's Jacob Swan, Sam Hatcher and Ned McKendry
Woolworths offloaded its Dakabin Shopping Centre, located 27km north of Brisbane's CBD.
V: Woolworths P: Private Investor
$40 million
1 Alma Road, Dakabin
V: Woolworths P: Brisbane-based Private Investor
9 Bannockburn Road, Bannockburn
$26 million
Woolworth's divested its Bannockburn Village Shipping Centre.
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Residential and commercial property investment firm, Westbridge Funds Management, has purchased the Hampstead Hotel and a First Choice Liquor store across the road, reflecting a 5.6% yield A medical centre in Adelaide's south, comprised of two buildings, anchored by Daws Road Medical Centre and Sonic Healthcare, which holds a total net annual rental income of $247,736 sold.
V: Coles Group P: Westbridge Funds Management
143 North East Road, Collinswood
Direct
$15.1 million
Burgess Rawson's Beau Coulter and Shaun Venables in conjunction with Knight Frank's Oliver Totani and Jack Dyson
P: Private Sydney-Based Investor
$3.71 million
135-139 Daws Road, St Marys
18 – May / June 2023
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