Former burger joint flips for new food future post-lockdown
The former inner-Melbourne home of Benny Burger will become a new dining destination after being leased to another eatery.
CBRE’s Jason Orenbuch, Zelman Ainsworth and Xander Yeo negotiated the deal for 95 Swan Street, Richmond, for a private landlord.
The handover of the 203 square metre retail space to a local Asian fusion operator will take place after Melbourne’s stage four restrictions are eased, according to the agents.
The rent is confidential but comparable market rates are $1200 per square metre net.
Mr Orenbuch said inquiries were still forthcoming for CBD and suburban retail spaces from hospitality and health and wellness tenants, and service-based businesses.
High-tech tenancies
Marque Property Holdings has secured two tenants for its new high-tech industrial complex, The Avenue, at Port Botany, south of Sydney.
IRS International Pty Ltd has leased a 189-square-metre unit on a five-year lease at 38 Raymond Avenue. King Turf Pty Ltd has leased a 179-square-metre unit on a three-year lease. The net rental rate for both is circa $300 per square metre.
Savills Australia’s Edward Washer and Sam Wallace managed the deal, describing the property as a plug-and-play and app-controlled environment built to a standard not seen before in Australia.
Terrace traction
Traction360 has leased a 95.2sq m office in the Perth CBD.
JLL’s Ross Skelton negotiated the two-year deal at 111 St Georges Terrace for Centuria Capital Group.
The gross rent for the space, part of level 16, is circa $575 per square metre.
The A-grade building is on the corner of William Street, adjacent to Brookfield Place.
Road trip
A car servicing operator has leased a 3380sq m industrial property in Melbourne’s east.
The rental for 96 Lewis Road, Wantirna South, is circa $80 per square metre.
Colliers International’s Richard Wilkinson and Jonathan Mercuri struck the “long-term” leasing deal for a private lessor.
Clear and present
A high-clearance brick warehouse in Sydney’s west has been leased to AIET Pty Ltd.
Link Property Services’ Andrew Smith negotiated the three-year lease on behalf of Capital GS for Unit 3, 14-16 Marjorie Street, Sefton.
The gross annual rent for the 631sq m property is $106 per square metre.
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