THE PROPERTY DEVELOPMENT REVIEW
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VIC
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Stonebridge Property Group's Justin Dowers, Kevin Tong and Phillip Gartland
After developing the property five years ago, Coles has offloaded one of its own supermarkets, with the final sale price representing a yield of 4.42%.
V: Coles Group P: Trident
$37 millon
525 Riversdale Road, Camberwell
V: HealthCo Health and Wellness REIT P: Private Investor
HealthCo Health and Wellness REIT transacted the largest-ever childcare centre in Victorian history.
CBRE’s Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto
$20.5 million
117 Kooyong Road, Armadale
An industrial infill asset located in one of Melbourne's tightly held industrial precincts has been purchased by Pacific Hire.
Savills' Anthony Cannizzaro, Mario Moscon, and Arthur Vainbrant
$12.2 million
34-42 Freight Drive, Somerton
P: Pacific Hire
60 Chow St & 195-199 Foster St, Dandenong
A large 8,992 sqm former RSL Aged Housing Village site comprised of 45 villa units and 7 studios, that also has approved plans and permits for a mixed-use development sold.
Melbourne Acquisitions' Dominic Gibson and Stefan Deffert
$11.6 million
Direct
Colliers' Ben Baines, Andrew Ryan and Eddie Foulkes in conjunction with Vinci Carbone's Frank Vinci and Joseph Carbone
A 335 sqm commercial building in Melbourne’s city-fringe Prahran has changed hands between two owner-occupiers after a sales campaign that attracted over 100 enquiries.
V: Owner-Occupier P: Owner-Occupier
$2.9 million
52 Commercial Road, Prahan
A commercial property sold with a renewed 6 year lease to popular Japanese restaurant, Oushou, with a rental income of $145,000 p.a plus GST & Outgoings. The sale price reflects a 37% uplift in pricing compared to when the property last traded approximately 18 months ago.
V: Bill McNee P: Private Investor
Emmetts' Charles Emmett and Xander Yeo
$4.54 million
264-266 Toorak Road, South Yarra
A hospitality asset in Windsor sold at auction with an estimated leased net yield of 3.18%, and was came with vacant possession. The sale price reflects a price uplift of 65% compared to its last sale just 12 months ago.
V: Bill McNee P: Private Investor
Emmetts' Ted Dwyer and Ben Baines
$2.2 million
12 Chapel Street, Windsor
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Knight Frank's David Ludlow and Marco Onorato
A 2,819 sqm property in Adelaide’s inner west has sold via private sale after being on the market for just three weeks.
1-5 Bruce Avenue, Marleston
$4 million
Direct
WA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Colliers' Shane Isaacs, in conjunction with SVN I Perth's Rocco Demaio
6-12 Gordon Street, West Perth
A freehold two-storey, 1,256 sqm office building in West Perth was sold with vacant possession.
$3 million
P: Local Owner
V: Westbridge Funds Management P: Private Investor
Cottesloe Medical Centre has been sold after a competitive sales campaign that saw eight formal offers and 110 enquiries for the property.
JLL's Nigel Freshwater and Simon Quinn
$11.8 million
525 Stirling Highway, Cottesloe
The 121-year-old P&O Hotel in Fremantle has sold after a sales campaign that generated over 130 enquiries.
V: Private Seller P: Adrian Fini & Nic Trimboli
CBRE’s Ryan McGinnity and Chloe Mason
Undisclosed
25 High Street, Fremantle
June / July 2023 – 21
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