MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER
AGENCY
SALE $
A technology business owner-occupier has purchased an office building in Melbourne's South East, with the final sale price represents a land rate of $5,536 per square meter.
Colliers Ben Baines, Alex Browne, Eddie Foulkes, and James Zhuang
15-17 Shierlaw Avenue, Canterbury
P: Local Owner-Occupier
$9.25 million
A local private developer has purchased a 5.3-hectare industrial site in Melbourne's West, offering a shovel-ready development opportunity with flexible options, dual street frontages, and short-term holding income.
8-14 & 16-18 Hume Road, Laverton North
"V: Nufarm P: Local Private Developer"
Colliers' Nick Saunders and Hugh Gilbert
$32 million
Canberra-based hospitality operator, the Hellenic Club has offloaded a 3,126 sqm office asset South West of Melbourne.
"V: The Hellenic Club P: Ascot Capital"
107 Overton Road, Williams Landing
CBRE's Scott Orchard
$25 million
An expansive 14,204 sqm property atwhich is permit-approved for a new 21-warehouse development designed by D’Andrea Architects sold to a NSW-based investor, representing a yield of 6.49%.
Jones Real Estate's Paul Jones and Tim Spargo
75 Acacia Road, Ferntree Gully
$8.62 million
P: NSW-based Investor
"A high-tech industrial strata warehouse was sold off-market to an owner-occupier. "
"V: Private Investor P: Owner-Occupier"
AND Property's Bryce Pane, Ricardo Cappelletti and Ben Quennell
1/21 Lionet Road, Mount Waverley
$6 million
204 & 204A Buckley Street, Essendon
An interstate investor has swooped on a fully-leased investment on a generous landholding in Melbourne’s inner northwest.
Fitzroys' Ervin Niyaz and Chris Kombi
$1.41 million
P: Interstate Investor
A substantial 6,060sqm landholding with triple street frontages in Melbourne's prestigious Brighton has been sold by Colliers.
Colliers’ Jozef Dickinson, Ian Sanders and Justin Hazell
$16.5 million
453 New Street, Brighton
P: Local Buyer
A local private investor has offloaded a 1.7-hectare industrial which sits adjacent to the Princes Freeway and holds 2,383 sqm of buildings with a short-term WALE of 6 months.
"V: Local Investor P: Local Owner-Occupier"
JLL’s Robert DiNatale, Ilia Karageorgiou and James Jorgensen Colliers Corey Vraca and Mitch Purcell in conjunction with CBRE's Jake George and Corey LaFavi
$12 million
68-100 Lock Avenue, Werribee
A newly constructed office warehouse asset was purchased by national tool wholesaler and distributor, Industrial Tools & Machinery.
"V: Impact Designer Homes P: Industrial Tools & Machinery"
$7.1 million
16 Northpoint Drive, Epping
QLD
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
An interstate investor has snapped up a rare ground floor commercial investmen, showing the huge demand from interstate investors for stable defensive assets along the Queensland coastline. The iconic 4-floor Engineering House has changed hands, with a local owner-occupier snapping up the building for $9.8 million plus GST in a sign of demand for office space in Brisbane. Property investment fund, Quanta, has acquired an 8,881 sqm industrial property that came with a 15-year triple net lease to United Group Limited, a subsidiary of Germany's largest construction company, HOCHTIEF.
1/230 Shute Harbour Road, Airlie Beach
"V: Private Local Investor P: Private Interstate Investor"
$2.1 million
Colliers' Philip O’Dwyer
447 Upper Edward Street, Spring Hill
"V: Local Investor P: Local Owner-Occupier"
$9.8 million
Colliers' Higgins and Nick Wedge,
"V: Arcana Capital P: Quanta"
$16.7 million
91 Connors Road, Paget
Direct
Showing continued demand for industrial assets in the Australia TradeCoast, a 3,064 sqm site at Lytton has been sold to a local private investor.
"V: Early Bird Steel P: Private Investor"
Colliers' James Wilkie and Angus Yule
$4.125 million
31 Trade Street, Lytton
Accure Funds Management has purchased the 4.5-star Quest Dubbo. Holding a secure lease to 2048, the hotel hosts 65 serviced apartments and is strategically located at 22 Bultje Street, 10 minutes from Dubbo City Regional Airport. Centennial has acquired a 9,264 sqm tenanted industrial asset. Offloaded by the tenant, who are now on a two-year triple net lease, which was a sale condition as part of the off-market deal.
"V: MAAS Group Holdings P: Accure Funds Management"
$17 million
22 Bultje Street, Dubbo
Savills' Nick Lower and Selin Ince
"V: Albert Smith Signs P: Centennial"
Modus Property Group's David Gibson and Nick Bandiera
$13.1 million
59 Taylor Street, Bulimba
A mixed-use property in Townsville’s inner city has changed hands for the first time in 75 years, being snapped up in an off-market deal by a major national retailer.
"V: Local Private Family P: National Tiles"
Knight Frank's Mark Fitzgerald and Dan Place
Undisclosed
151-155 Ingham Road, West End
16 – October / November 2024
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