A private investor has purchased a 7-Eleven service station on a 5305 square metre site at 98 Heathcote Road, Moorebank in Sydney’s west, for $8.6 million.
JLL’s Dylan McEvoy and Paul Hunter and McGees Property’s John Grujovski handled the sale of the property close to the proposed Moorebank Intermodal Terminal. it closed on a net yield of 6.28 per cent.
A vacant possession office/warehouse at 20 Gwynne Street, Cremorne in Melbourne, has sold privately after auction for $2.7 million.
The two-level building is on a 245 square metre site and has two car spaces.
Gross Waddell’s Andrew Thorburn marketed the property.
A local private syndicate has sold a fully leased 620 square metre office building at 19 Napier Court in Deakin, Canberra, to a group of Canberra medical practitioners for $2.5 million.
The two-level property has four tenancies, and 28 car spaces.
Civium Property Group’s David Grimmond brokered the deal.
A private Investor has paid $6.875 million for a 2299 square metre office/warehouse at 2 Clay Place in the western Sydney industrial precinct of Eastern Creek on a yield of 5.8 per cent.
The property has four container size roller shutter doors, staff amenities and 25 car spaces as well as full drive-around access suitable for articulated vehicles.
LJ Hooker’s Marcel Elias and Raine & Horne’s Gavin Shatford acted for seller Ostaday.
Room for growth
Private investors have traded a 458 square metre two-storey retail building at 236 Church Street, Parramatta, for $4.7 million at auction, on a 2.33 per cent yield.
It comes with a 238 square metre B4-zoned landholding with redevelopment potential. A floor space ratio of 10:1 can be achieved.
Khoury Partners’ Jon Race handled negotiations.
An owner-occupier has paid $3.1 million for a vacant historic former National Bank building with potential development upside at 261 Victoria Street, Abbotsford in Melbourne.
The 540 square metre Italianate palazzo style building over two levels also has hardstand land in the rear and eight car spaces.
Teska Carson’s Michael Taylor and Fergus Evans auctioned the property.
Brisbane-based project manager TFA Project Group has acquired a vacant two-level office/showroom in Fortitude Valley, Brisbane, for $4.2 million for its new headquarters.
The business will refit the 890 square metre building at 166 Knapp Street for an expansion. The property with car spaces sits on a 685 square metre site.
Colliers International’s Hunter Higgins brokered the off-market deal.
Ravenhall on the roll
A local investor has snapped up a dual-income 425 square metre retail investment at 1-2 & 3-4, 269 Robinsons Road, Ravenhall in western Melbourne, for $2.5 million on a yield of 6.88 per cent.
Tenancy 1-2 is leased to an Indian Restaurant and Tenancy 3-4, to a cafe. Both return an annual rent of $171,916. The property at the entrance of Orbis Business Park is 2224 square metre.
CVA’s Leo Mancino and Anthony Carbone managed the expressions of interest sale.
And also in the Orbis Business Park, two land allotments at 17 & 21 Barretta Road have sold for $1.9 million.
A private developer bought the 3700 square metre site through CVA’s Leo Mancino and John Nockles.
A private investor has scooped up the 408 square metre commercial property at 378-380 Balwyn Road, Balwyn North in Melbourne, leased to a gym and martial arts centre for $1.86 million.
The sale achieved a 3.3 per cent yield, according to CBRE’s Rorey James, Nic Hage and JJ Heng.
A private owner occupier has secured a 678 square metre clearspan warehouse at 5 Coleman Street, Mascot in South Sydney, from River Memorabilia for $3.6 million.
It has offices, a container-height roller door and seven car spaces.
Knight Frank’s Alex Sarroff and Nick Sinclair we