MARKET MOVES WA DESCRIPTION
VENDOR/ PURCHASER
AGENCY
SALE $
Gairdner portfolio
Sharewest Australian farmers with ambitions of further growth have purchased a portfolio of four farms. These farms include the massive, 2,403-hectare Cawarra property on Swamp Road, as well as the adjoining properties of Glenshiel (1,166.8-hectares), Readers (989.9-hectares), and Fairfield (1,162-hectares). 53 Bay View Terrace was sold for $4.15 million, and 319 Stirling Highway was sold for $3.57 million. 53 Bay View Terrace is comprised of 820 sqm, and serves as one of the main entry points to the Claremont Town Centre, whilst 319 Stirling Highway sits on 515 sqm and is a two-storey retail and commercial building which contains Subway, Terri Terri Japanese and Fancy Nails as current tenants.
V: Peacock family P: ShareWest Australian Farmers
$32.4 million
Elders Albany's Simon Thomas
Claremont portfolio
53 Bay View Terrace: LJ Hooker Commercial Perth's Brian Neo; 319 Stirling Highway: LJ Hooker Commercial Perth's Jack Bradshaw
P: A&R Developments
$7.72 million
Kenwick Tyrepower, 1696 Albany Highway The 2,375 sqm property was purchased with a 10-year lease back to the Tyrepower franchise.
V: Tyrepower P: Unnamed interstate investor
Ray White Commercial WA's Josh Sumner and Enrique Reyes
$2.05 million
SA
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
The Conservatory on Hindmarsh Square
Located at 131-139 Grenfell Street, the strata-titled asset has offices that are fully leased to SA Health and the federal government’s Australian Trade and Investment Commission. The purchaser has plans to transform the former Australia Post facility into more than 750 residences with six-star amenities over four towers. Additionally, they are intending to develop a retail establishment with over 15,000 sqm in retail, commercial and entertainment space.
$20.9 million
V: Centuria Office REIT P: Sentinel Property Group
CBRE’s Alistair Laycock and Ian Thomas, in conjunction with Knight Frank’s Guy Bennett
237 Grote Street, Adelaide
Price undisclosed
V: Kennards Self Storage P: Gurner
TAS
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Islington Hotel
The 175-year-old establishment is considered one of Tasmania’s finest boutique properties, containing 11 rooms and an impressive art collection, as well as an enviable view of the adjacent Mount Wellington.
Private
Price undisclosed
P: La Vie Hotels & Resorts
NT Beachfront Hotel
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
Darwin’s popular Beachfront Hotel has been sold. Featuring facilities such as TAB, a public bar, gaming room, bistro, and dual lane drive-through bottle shop, the Beachfront Hotel is an award-winning freehold that was being offered to the market via an Expressions of Interest campaign.
Circa $25 million
V: Doug Sallis P: Endeavour Group
HTL Property's Brent McCarthy and Glenn Price.
ACT 39 Brisbane Avenue, Barton
VENDOR/ PURCHASER
DESCRIPTION
AGENCY
SALE $
The 4,800 sqm landholding contains three levels of office space above a ground floor and podium car park, and was refurbished extensively recently following Quintessential Equity purchasing the property in 2017.
$41 million
V: Quintessential Equity P: IOOF Investment Services Limited
Colliers' Matthew Winter and Paul Powderly, in collaboration with JLL's Tim Mutton.
8 –June / July 2022
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