MARKET MOVES
VIC
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Speculated over $170 million
V: Salta Properties P: Joint Venture Between ESR Australia & Frasers Property Industrial
Salta Properties has offloaded a 64.4ha land parcel in Melbourne's South East to a 50:50 joint venture between ESR Australia and Frasers Property Industrial, which plans to develop a circa $900 million industrial estate.
635 Hall Road, Cranbourne East
GO Commercial Industrial's Andrew O'Connell
Fitzroys’ Ervin Niyaz and David Bourke in conjunction with Patrick O’Callaghan of O&Co. Burgess Rawson’s David Napoleone, Romanor Falconer and Raoul Holderheadm, in conjunction with Cantwell Property Castlemaine’s Michael Cantwell
1 & 2, 5 Everage Street, Moonee Ponds
A fully fitted commercial office with a lease to a longstanding co-working and flexible office space provider One Plus One Business Centre was purchased by a private investor.
$3.2 million
P: Private Investor
Undisclosed, Over $2.75 million
11-13 Lyttleton Street, Castlemaine
Heavenly Trio has sold a distinctive Italian Gothic former Presbyterian church in Castlemaine for an undisclosed price over its $2.75 million price guide.
V: Heavenly Trio
A Lygon Street newsagency in the heart of the Carlton with an annual return of over $77,000 p.a. sold at auction on a tight 4% yield after land tax to a local property owner.
V: Saffar and Durlacher Families P: Local Owner
325 Lygon Street, Carlton
Fitzroys’ Mark Talbot and Shane Mills
$1.78 million
383 Keilor Road, Essendon
Fabcot, the property arm of Woolworth's Group, purchased a 5,112 sqm neighbourhood centre anchored by Woolworths and BWS that was developed by Con Angelatos.
Stonebridge's Justin Dowers and Kevin Tong
$51 million
P: Fabcot
CBRE's Sandro Peluso, Marcello Capani-Muti and Jimmy Tat, in conjunction with NSL Property Group
23 Maleela Avenue, Balwyn
A notable consortium of investors including Gersh, James Packer and Todd Nisbet have purchased a vacant seniors living asset in Melbourne's South East.
$13 million
P: Consortium of Investors
104 Fletcher Street, Essendon
An iconic former bank building turned popular local café located at 104 Fletcher Street was offloaded by a private family reflecting a yield of 3.9%.
V: Private Family P: Local Investor
Gross Waddell ICR's Raff De Luise and Julian Materia
$2.24 million
25 Mason Street, Newport
A strip retail property with a rental income of over $45,000 that surrounded by lifestyle amenity sold under the hammer reflecting a yield of 2.4%.
Gross Waddell ICR's Andrew Greenway and Raff De Luise
$1.725 million
P: Loval Investor
35 Flockhart Street, Abbotsford
A 3,880 sqm Industrial 1 Zoned 470-bay bar park in Melbourne’s sought-after inner east sold in an off-market transaction.
V: Forza Capital P: Pricate Buyer
$14.6 million
Jones Real Estate's Paul Jones
86 Springvale Road, Nunawading
A 154-place capacity childcare centre tenanted by Explorers Early Learning on a 15-year lease term plus options sold representing one of Victoria's largest childcare centres,
$12.8 million
Private
$6.706 million
263-265 Centre Road, Bentleigh
A rare 93-place childcare centre sold after a sales campaign that generated a huge response from local and offshore investors.
Fitzroys’ Chris Kombi, Tom Fisher and Ben Liu
$6.706 million
Private
A strip hospitality asset on a 10-year lease plus options to highly-experienced hospitality operators trading as popular new venue Maggie’s Snacks & Liquor sold under the hammer.
98-100 Lygon Street, Brunswick East
Fitzroys’ Chris Kombi, Ervin Niyaz and Ben Liu
$3.38 million
V: Advise Transact
V: Private Owner P: New Zealand-based Clothing Group
147 Lonsdale Street, Dandenong
Five bidders have fiercely contested the auction of a high-exposure Dandenong showroom, which sold under the hammer for more then $700,000 above reserve.
Fitzroys’ Tom Fisher and David Bourke
$3.18 million
30 Somerton Road, Somerton
A private investor has purchased a fully leased office/warehouse that has a rental income of over $140,000 per annum.
Gross Waddell ICR's Raff De Luise and Julian Materia
$2.25 million
P: Private Investor
WA 26 Baile Road, Canning Vale
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
A local syndicate has successfully offloaded an 4,000 sqm asset which holds two buildings and came tenanted by NMT Electrodes, with a further tenancy by Viking Industrial being signed since the purchase.
V: Local Syndicate P: Local Investor
SVN Perth's Gavin Lilleyman and Rocco Demaio
$3.6 million
16 – April / May 2024
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