VIC 450 Gore Street, Fitzroy
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Circa $9.3 million
A significant triple-fronted 900 sqm site on Fitzroy’s Gore Street has sold to prominent high-end boutique developer Neometro, at a land rate of $10,350 per sqm. The site possesses favourable Mixed Use zoning, and is situated within the Fitzroy East and Johnston Street North planning precinct. A flexible 135 sqm property in the prime of the Centre Road shopping strip in Bentleigh has sold to an investor for an extremely sharp yield of 3%. 448 Centre Road is called home by popular fish and chips specialists Hunky Dory on a substantial seven-year lease that holds options for an additional seven years. A warehouse/showroom currently leased to national brand Clark Rubber has been sold at auction. The landholding is comprised of 1,524 sqm of land, and 910 sqm of building space, and its lease has recently been renewed for five years, with a further five-year option available. The warehouse/office comprises an overall building area of 1,910 sqm with a total land area of 3,136 sqm, that includes a clear span warehouse with 3 container roller doors, ground floor and first first-floor office, kitchenette, amenities. Additionally, the site is enhanced by 12 on-site car spaces.
V: Private family P: Neometro
Fitzroys’ Chris James and Chris Kombi
Direct
$2.26 million
434 Centre Road, Bentleigh
Fitzroys’ Tom Fisher and David Bourke
Direct
$2.94 million
730 Burwood Highway, Ferntree Gully
CVA Property Consultants' Jarrod Moran and Stan Dawidowski
$4 million
4-8 Hayward Road, Ferntree Gully
P: Tile importing business
CVA Property Consultants' Jarrod Moran and Stan Dawidowski
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
46 Chelsea Court, DIanella
Direct
LJ Hooker Commercial Perth’s Greg D’Arcy and Vincent Siciliano
A Place of Worship site at 46 Chelsea Court has sold. The 3,036 sqm site is well-located within the suburb of Dianella, which attained a 16% increase in median land value in 2021. Situated only 8km from the Perth CBD, the urban infill property provides for the potential creation of 8 individual lots. The centre offers 42 specialty shops, kiosks and pad sites, which complement the anchoring retail outlets; a set of Coles, Woolworths and Aldi supermarkets. The 14,577 sqm centre sold on a passing yield of 5.9 per cent. Located at 621 Wellington Street, the 17-storey hotel was initially opened in 2016, before going up for sale in 2017. 1-7 Napoleon Street in Cottesloe has sold for $4.825 million, generating an investment yield of 4%, which serves as a record for the 40-shop, cosmopolitan retail strip the property is a part of. The 382 sqm landholding includes the renowned and well-established Vans café/bistro, and Esola Jewellery, which has occupied the premises since the 90s.
$2.4 million
Forest Lakes Shopping Centre, Thornlie
CBRE's Simon Rooney and James Douglas
V: DRH Property Investments P: Greenpool Capital and Savills Investment Management
$81.5 million
Circa $26 million
Peppers King Square, Perth
P: High Street Holdings
CBRE Hotels
$4.825 million
1-7 Napoleon Street,Cottesloe
V: Reid Nominees Pty Ltd P: Jasara Nominees Pty Ltd
Jack Bradshaw and Vincent Siciliano, from LJ Hooker Commercial Perth
NT
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Walhallow Cattle Station
The adjoining NT properties of Walhallow and Creswell Downs have been offloaded by retail billionaire Brett Blundy to an asset manager from Sydney, in a deal that would constitute a price record for an Australian cattle station. The Walhallow aggregation was offered with 61,000 cattle. Queensland’s Pickersgill family have purchased Neutral Junction Station through their family-owned Australian beef operation, Bunderra Cattle Co. The site was purchased from former Rabbitohs rugby league star, Charlie Frith. The Pickersgill family operate 10 properties throughout Queensland and the Northern Territory, and Neutral Junction will add substantially to their portfolio of property.
$250 million
V: Brett Blundy P: Asset manager from Sydney
Colliers’ Rawdon Briggs, Jesse Manuel and James Beer
Nutrien Harcourts' Olivia Thompson Circa $30 million
Neutral Junction Station, Davenport
V: Charlie Frith P: Bunderra Cattle Co
ACT
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Casino Canberra
Sam Arnaout and his Iris Capital vehicle have acquired Casino Canberra from the Tony Fung-owned Aquis Entertainment for $63 million, after a bidding war contested with Bill and Mario Gravanis’ Oscars Hotels. The asset in question is a 4.5-star hotel resort with 205 rooms, operated by the InterContinential Hotel Group.
Direct
$63 million
V: Aquis Entertainment P: Iris Capital
August / September 2022 – 7
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