Sydney inner-west Gladesville hits $1000 a square metre for commercial space

Restaurant Anema E Core Pizzeria will be the first tenant to move into the new property and will stay for five years.

JLL’s Jaime Kernaghan acted for vendor Windesea Build Pty Ltd.

Daigou deal

Australia’s first ASX-listed Chinese “daigou” retailer AuMake International secured a five-year lease over a 2011 square metre showroom/office/warehouse at 42 Percy Street, Auburn, in Sydney’s west from Kimo International paying a net annual rent of $280,000.

The business will use it for storage and as a distribution centre for its products, mainly healthcare, food and beauty products.

Colliers International’s Phillip Bradac handled negotiations.

Wheels west

Cyclery 99 Bikes will open its first Perth outlet at a newly leased 322 square metre showroom/retail property at 320 Joondalup Drive, Joondalup, in WA.

The lease term is seven years and the net annual rent is $67,620.

Vend Property’s Jeff Klopper handled the deal.

Big expansion

Meal subscription service, Marley Spoon, has expanded its operations, signing a new lease on a production and storage facility at 50-68 Westgate Drive in Altona North in Melbourne with GPT.

The 6079 square metre facility has a high clearance warehouse, offices and a cool room with pallet racking, on grade roller doors and recessed loading docks. It sits on a one-hectare site.

CBRE’s Todd Grima and Harry Kalaitzis negotiated the five-year lease on an annual rental of $455,925 with GST.

Last one

Sushi Hotaru has just signed up for the last retail space at Crown Group’s V by Crown mixed-use development at 45 Macquarie Street in Parramatta.

The lease term for the 103 square metre corner property is five years with options on a gross annual rent of $140,000.

Khoury Partners’ Jon Race executed the transaction.

Carpet craze

Carpet Court has joined the line-up of retailers in one of Adelaide’s biggest large format retail centres, Noarlunga Centre, after signing a five-year lease over a 329 square metre showroom.

The rent is confidential but net annual rents in the area are about $200 to $250 a square metre.

CBRE’s Dallas Sears leased the property on Beach Road.

Growing

The Luxury Retail Group has leased more space for its growing business signing up for a 580 square metre warehouse/office/showroom at 5/11 Salmon Street in Port Melbourne.

The property was leased at a net annual rent of $100,000 over two years with options.

CBRE’s Guy Naselli and Jake George facilitated the transaction.

Westward

Craigs Table Pty Ltd will lease a 362 square metreoffice/warehouse with a yard at 117 Magowar Road, Girraween, in Sydney’s west for additional space for a year on a gross annual rent of $66,000.

There are two roller doors and 10 parking spaces.

Bawdens Industrial’s James Zerefos brokered the deal.