MARKET MOVES NSW DESCRIPTION
VENDOR/ PURCHASER
AGENCY
SALE $
Alexandria Homemaker Centre
The Homemaker Centre is a 22,417 sqm, two-level hub whose tenants include The Good Guys, Spotlight, and Forty Winks. This latest acquisition for Goodman reportedly netted a 4% yield. The property offers multiple bars, a gaming room with nine machines, a bistro, commercial kitchen, and a large beer garden. The landholding also possesses a freestanding motel with 13 accommodation rooms. The 211 sqm, two-storey corner pub holds a midnight licence and gaming room. The property was sold by a consortium of private investors, which notably includes former NRL player Bryan Fletcher. The purchase is Momento’s second inner-city hotel acquisition. The gaol in the Southern Highlands that was formerly known as the Berrima Correctional Centre has sold to the Blue Sox Group, after a “rigorous” Expressions of Interest process. The shopping centre contains 9,652 sqm of lettable area, with current tenants providing a strong food, services and medical focus, and sits in close proximity to the new Castle Hill Metro Station, as well as QIC's Castle Towers. The Seventh-Day Adventist Church's property investment arm has purchased a 6.5-hectare industrial asset in Berkeley Vale, a village located approximately 100km from Sydney's CBD. The acquisition was made with the intention of the property being a warehouse and distribution hub for the church's Sanitarium health food business. The hotel operates with 12 accommodation rooms, 20 gaming machines and a liquor licence that extends until 3am, making it a valuable asset in the growing Bathurst market. A massive 28,090 sqm industrial complex at 54-74 Dunheved Circuit, St Marys has sold for an initial yield of 3.79%, as an extension of a flurry of activity within the Western Sydney investment market. Zoned IN1 Industrial with additional undeveloped land, the property holds long-term upside potential. Located at 54 McLaren Street, the 167-room, 4 star hotel occupies a 2,549 sqm freehold in one of Australia’s largest corporate catchments, and sits in close proximity to the upcoming Victoria Cross Metro Station, which will better connect the hotel directly to the Sydney CBD. The pub is a period-style facility with a lively front bar, large bistro and commercial kitchen. The new owners intend to conduct minor upgrades before leasing out the property. The 7,037 sqm shopping centre is anchored by a Woolworths outlet, alongside a variety of specialist stores and two kiosks. The site comes with flexible B2 Local Centre zoning, and attracted over 180 purchaser enquiries during an on-market Expressions of Interest campaign. The property at 103 River Street is fit with a bistro, a large beer garden, 20 accommodation rooms and TAB and gaming facilities. Set over a 1,787 sqm site, the Australian Hotel is located a short distance from the beach in Ballina. The cafe located at the base of Mirvac's Latitude harbourside complex in the lower North Shore suburb of Milsons Point has sold for the equivalent of $35,517 per sqm. The 1,087 sqm property contains multiple freeholds, including the famous Noah's Backpackers hostel.
Private
V: Arkadia P: The Goodman Group
$200 million
Red Steer Hotel and Motel
P: Feros Group
Circa $10 million
HTL Property's Xavier Plunkett
The Royal Albert Hotel
V: Consortium of private investors P: Momento Hospitality
Circa $10 million
HTL Property’s Sam Handy and Blake Edwards
Berrima Correction Centre
V: Property and Development NSW P: Blue Sox Group
Colliers' Nick Estephen, Thomas Mosca and Frank Oliveri
$7 million
Castle Mall, Castle Hill
$105 million
V: QIC P: The Hills Shire
Stonebridge's Philip Gartland and Lincoln Blackledge, with McVay Real Estate's Dan McVay
3 Sanitarium Drive, Berkeley Vale
V: ESR-LOGOS REIT P: Australasian Conference Association V: Liam O'Hara P: Syndicate led by Ashton Waugh
Private
$55 million
Kelso Hotel
HTL Property Director, Blake Edwards Circa $16 million
54-74 Dunheved Circuit
Colliers' Carl Pearce and Matthew Flynn $24.5 million
Rydges North Sydney
V: Event Hospitality & Entertainment P: High Street Holdings
CBRE Hotels’ Michael Simpson and Wayne Bunz
$75 million
Jack Duggan’s Irish Pub
V: Glyn & Helen Daunt with Peter & Shannon Barrett P: Regional-based hotel group
MQ & Associates' Leonard Bongiovanni
Circa $6 million
Cameron Park Plaza
$60.25 million
V: Fabcot P: Centuria
Colliers' James Wilson and Alex James-Elliott
The Australian Hotel, Ballina
JLL's Ben McDonald and John Musca
$9.5 million
P: Black Fox Property
$1.03 million
Cafe at 55 Lavender Street, Milsons Point
V: Oriental Cool Pty Ltd
Colliers' Tom Appleby and Beau Mayer
$68 million
2-12 Campbell Parade, Bondi Beach
P: Public Hospitality Group
Colliers' Miron Solomons, Matt Pontey, and Henry Burke, in conjunction with Oxford Agency's Daniel Marano and Ralph Garofano Colliers' Alex James-Elliott and James Wilson
$30 million
Lachlan's Square Village, Macquarie Park
The 5,080 sqm strata complex at 17 Halifax Street features the trade area's only full line supermarket; a Coles outlet that is leased until 2035.
V: The Greenland Property Group P: Revelop
6 –April / May 2022
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