Issue 42 | The Property Development Review

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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