The Charter Hall-managed Core Logistics Partnership has purchased a 3.9-hectare logistics industrial landholding in Glendenning in Sydney’s west for $26 million.
The property at 56-62 Glendenning Road sits in the suburb’s industrial precinct and has the potential to be redeveloped into a $60 million multi-unit estate.
The Core Logistics Partnership fund now has 35 industrial properties worth $1.9 billion.
LJ Hooker’s Marcel Elias brokered the off-market sale for a private family who have owned the property for nearly 30 years.
Also in Sydney’s west, a 7-Eleven service station in Hassall Grove has sold for $4,785,000.
A private buyer acquired the 3830-square-metre property at 795 Luxford Road at a net yield of 5.1 per cent.
7-Eleven holds a lease at the property until 2028 with fixed annual increases of 4 per cent.
JLL’s Dylan McEvoy and Gordon McFadyen closed the sale.
Western deals continue
Western Sydney’s strong sales run continues after private investors traded an office/warehouse unit at 151 Orchardleigh Street for $1.2 million.
The 431-square-metre property is in a complex of three in the Fairfield East-Yennora Industrial Precinct.
The warehouse has a seven-metre clearance and one roller door. There are also six car spaces.
Bawdens Industrial’s James Zerefos executed the deal.
Sydney publican buys again
The Sydney publican who scooped up the Empire Hotel in Goulburn last month has added another hotel to his portfolio after buying another Goulburn property, the Southern Railway Hotel at 188 Sloane Street.
It is understood the sale closed at just under $2.5 million.
Established in 1872, the traditional pub has budget to family hotel rooms, a restaurant and amenities.
HTL Property’s Blake Edwards, Xavier Plunkett and Sam Handy acted for vendor Jude Bourne but declined to comment on the deal.
A boarding house with 15 studio apartments in Sydney’s Rockdale has sold for $3.26 million.
The 697-square-metre block at 107 Frederick Street was completed in 2018 and generates a net annual income of $213,361.
JLL’s Dylan McEvoy and Gordon McFadyen marketed the property located 700 metres from the train station.
A private investor has purchased a 4248-square-metre industrial property in Rocklea in Brisbane for $3.325 million at a yield of 7.95 per cent.
The property with high-quality masonry construction at 7 Shettleston Street is fully leased to several tenants and anchored by the owner of automotive retailer Repco, GPC Asia Pacific.
Knight Frank’s Lachlan Hateley and David Knox and Raine & Horne’s Paul Flego were responsible.
A Hong Kong-based investor has paid $2 million for the neighbourhood retail centre River Heads Shopping Village in the Fraser Coast regional town of River Heads in Queensland.
The 686-square-metre property anchored by IGA and Kingfisher Bay Resort sits on a 2.45-hectare site. It has a piece of waterfront land approved for a subdivision of nine duplex dwellings and two retail shops.
The property is 85 per cent occupied and is able to generate a fully leased net annual rent of $180,057.
Colliers International’s Ryan Chandler acted for a private Sydney family vendor.
A private local investor has snapped up the office/warehouse at 188 Plenty Road, Preston, in Melbourne for $4.5 million with plans for a future eight-storey redevelopment.
The 2,360-square-metre property sold off market through CBRE’s Jake George, Guy Naselli, Ben Quennell and Daniel Eramo.
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