MARKET MOVES
NSW
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Woolworths Narrabri
The supermarket at 181-189 Maitland Street sold on a yield of 4.4%.
Savills' Peter Tyson and Jon Tyson
V: Whistle Funds Management P: Peter Brukner
$16.5 million
202-210 Elizabeth Street, Surry Hills
In an off-market transaction, a newly-constructed, high-end hotel at 202-210 Elizabeth Street, Surry Hills has sold to an onshore hotelier.
V: 8Hotels & Jonathon Hasson P: Onshore hotelier
Colliers' Joseph Lin
$30 million
153-157 Walker Street, North Sydney
GWOF are planning to construct a 46,000 sqm office tower on the combined sites, with construction expected to commence subsequent to the opening of the new transport hub, Victoria Cross Station, situated just five minutes away.
153 Walker Street - P: GWOF; 157 Walker Street - V: GWOF P: Marprop Real Estate Investors, GLL Real Estate Partners
Direct
$185 million
R8-9 Waterfront Dining & Retail, Barangaroo
R8-9 Waterfront Dining & Retail is being acquired by Brisbane-based funds house Marquette, as they continue to add to their portfolio of office buildings and retail holdings. The properties are comprised of 20 tenancies, that include restaurants, cafes and other retailers. Developed back in 1918 by John Whelan, the three-storey pub has been with the family for over a century, and occupies a significant 2,067 sqm corner site directly adjacent to Strathfield train station. With two bars, a restaurant, a gaming room with 30 electronic gaming machines, and 25 guest suites, the Strathfield Hotel accrues annual income in excess of $10 million.
V: Lendlease / P: Marquette
Direct
Circa $96.53 million
Strathfield Hotel
$80 million
V: Whelan family P: Iris Capital
HTL Property's Andrew Jolliffe and Daniel Dragicevich
$315 million
57 Ashmore Street and 165 Mitchell Road, Erskineville
Coronation have plans to develop just over 1000 apartments on their newly acquired land, some of which are earmarked as Build-to-Rent. Additionally, approximately 5,000 sqm of retail space is also planned.
V: Greenland and Golden Horse Australia P: Coronation Property
Colliers' Guillaume Volz, Eugene White, Henry Burke, and Joseph Lin
$115 million
Reservoir on Crown, Surry Hills
Reservoir on Crown was built in 1960 and redeveloped by Mirvac in 2009, and has a net lettable area of 4,727 sqm, and sits on one of the largest sites in Surry Hills, at 3,058 sqm.
V: LaSalle Investment Management P: The Shakespeare Property Group
Knight Frank’s Paul Roberts, Jonathon Vaughan, Tim Holtsbaum and Dominic Ong, alongside JLL’s Mitch Noonan, Luke Billiau, Sophie Tieman, and James Aroney
$47 million
Tacking Point Tavern, Port Macquarie
The 6,700 sqm pub possesses a spacious beer garden and Port Macquarie’s largest outdoor screen, and serves as the latest in a string of deals in Port Macquarie, prompted by the coastal town’s population swelling as people continue to move away from metropolitan Sydney.
V: Taphouse Group P: Laundy family and Alistair Flower
HTL Property's Andrew Jolliffe and Daniel Dragicevich
$3.35 million
KFC Bomaderry, 166 Cambewarra Road As part of the Stonebridge National Portfolio Auction, the freestanding KFC in Bomaderry’s retail core has sold for an extremely sharp yield of 2.89%.
P: Melbourne-based investor Stonebridge Property Group's Michael Collins, Tom Moreland, and Rorey James
8 –July / August 2022
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