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Cooma Caltex sold for $1.8 million

May 17, 2018

A local developer has purchased the Australian Volunteers International headquarters in Melbourne's Fitzroy for $7.26 million. Photo: Ian Spencer Photo

A private investor has purchased a 4858 square metre Caltex service station at 2 Geebung Street, Cooma in NSW’s southern highlands for $1.8 million.

Seller Peter Nassar sold the property, leased to Petro Oz Pty Ltd, on a yield of 7.5 per cent.

The property comprises a truck stop incorporating a dual island forecourt with additional external diesel browsers, convenience shop and a restaurant.

The 495.4 square metre three-storey building on the block also contains a four-bedroom, two-bathroom home with a double garage and storage.

Knight Frank’s Jason March sold the property on the eastern side of the Cooma township close to Dairy Farmer’s warehouse, Toll IPEC deliveries and the SES Rural Fire Service.

Elite deal

Elite Property Group has sold an industrial facility at at 13 Advantage Drive, Dandenong, in Melbourne to a private owner-occupier for $4.95 million.

Knight Frank’s Luke Crozier brokered the deal on the 3731 square metre property on a 6482 square metre site.

Not-for-profit sale

A local developer has purchased the Australian Volunteers International headquarters in Melbourne’s Fitzroy for $7.26 million.

Savills Australia’s Nick Peden, Clinton Baxter and Mark Stafford brokered the deal at 88 Kerr Street. A 934 square metre building comes with the 1197 square metre site.

Essendon exchange

A private owner-occupier has paid $1.2 million for a 202 square metre office/retail property at 93-97 Rose Street, Essendon, in Melbourne.

Knight Frank’s Matthew Romanin and Nick Bisset handled the sale, which came with three car spaces.

Site offload

A local developer has outbid three competitors at auction to pay $6.3 million for a development site in Brunswick East in Melbourne.

The 1278 square metre property at 5-13 Clarke Street has not changed hands for 40 years.

It has three street frontages and a single level 980 square metre warehouse.

Teska Carson’s George Takis and Michael Ludski sold the vacant property.

WA expansion

Expanding mining services firm International Drill Parts has snapped up the 4954 square metre industrial property at 1-5 Bell Street, Canning Vale in WA for $6.8 million.

The property sits on a 1.6-hectare site. Savills’ Matthew Hopkins closed the deal.

Childcare site

Private investors have exchanged on a 1442 square metre vacant site approved for a 90-place childcare centre at 32-38 Himalaya Crescent in Sydney’s Seven Hills for $2.75 million.

Colliers International’s Peter Seeto and Jordan McConnell and CBRE’s Frank Oliveri and Alex Mirzaian handled negotiations.

Supermarket deal

Private investors have bought a 400 square metre Foodworks-branded supermarket at 24-26 Robertson Drive, Mornington, outside Melbourne, for $1.375 million under the hammer.

The property sold on a yield of 4.4 per cent. Fitzroys’ Chris Kombi and Mark Talbot acted on the deal.

North Melbourne special

Private investors exchanged on an industrial property at 203 Arden Street in North Melbourne for $3.1 million.

The property, opposite the North Melbourne Recreational Reserve, has been leased on a monthly basis to Minuteman Press who are in the process of relocating.

The 542 sq m site contains an older-style single level 450 sq m warehouse.

Gray Johnson’s Matt Hoath marketed the property.

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