A private buyer has splashed out $6.75 million for a caravan park, the Woronora Village Tourist Park in the Sutherland Shire in Sydney’s south.
Twenty minutes from the airport, the 9017-square-metre park at 1 Menai Road has 67 sites and includes a three-bedroom manager’s residence, park office and an amenity block.
It generates an annual rent income of about $600,000.
CBRE Hotels’ Andrew Jackson negotiated the deal for Mona Enterprises Pty Limited on an initial yield of 9.31 per cent.
Melbourne retail action
Developer VIC Investments Management Group has sold a brand new strata retail property at 137 Bourke Street in Melbourne’s CBD for $4.5 million.
The property comprises a ground floor 141sq m retail space and a 172sq m basement in the 19-level residential “Metropolitan” development.
CBRE’s Paul Tzamalis and Tom Tuxworth worked with Cushman & Wakefield’s Patrick O’Callaghan and Adrian Prince on the transaction.
And more Melbourne retail
A Chinese family has sold a 61sq m retail shop with a licensed outdoor area at the bottom of new Melbourne hotel and residential tower The William for $1.45 million.
A private investor purchased the property, leased to boutique food and beverage operator Mr Q.
CBRE’s Paul Tzamalis, Tom Tuxworth and Lewis Tong marketed the property.
Moreton Bay bonanza
Lion Dairy has pocketed $1.42 million for a 694sq m cold room facility industrial parcel in Queensland’s Moreton Bay region.
A private owner occupier will move into the property on a 5737sq m site at 41 Sodium Street, Narangba.
The building was originally purpose-built for a milk depot and has storage, offices and amenities. It also has multiple loading docks, accessed from a hardstand area.
Another private owner occupier snapped up an industrial parcel at 133 South Pine Road also in Moreton Bay for $2.38 million. They plan to construct a showroom with a display yard on the property.
Van Riet Development sold the 6081sq m landholding.
CBRE’s Hugh Adnam and Dillon Murphy brokered the two deals.
A private investor has secured the 232sq m retail property formerly used by charity group The Ruah Treasure Trove Op Shop in Perth’s Mount Hawthorn for $1.6 million.
The charity closed its business at the shop at 421-423 Oxford Street, on a 582sq m site, last year.
CBRE’s Kate Foley and Ben Younger negotiated the sale.
Gippsland goes off
Chinese developers LJL Group scooped up a 5930sq m site in Victoria’s Gippsland for $1.2 million: 37-43 Esplanade, Paynesville is a corner retail site with a permit for 14 retail spaces and offices and seven townhouses.
The site, with views of The Gippsland Lakes, can also cater for holiday homes, said CVA Property Consultants’ John Nockles, who sold the site.
Canberra Data Centres Pty Ltd has bought a 4471sq m industrial property used as a data centre at 98 Sheppard Street Hume, ACT from Sandhurst Trustees Limited for $4.05 million.
Canberra Data Centres Pty Ltd has purchased a data centre at 98 Sheppard Street Hume, ACT for $4.05 million.
The government-leased corner property has an initial net yield of 7.5 per cent.
JLL’s Michael Heather and Aaron Green handled the auction.
A group of local doctors have offloaded a medical centre at 926 Point Nepean Road, Rosebud in Melbourne’s Mornington Peninsula, to a private investor for $2 million.
The single-storey property on a 1517sq m site is residentially zoned and leased to three tenants, returning a total rent of $141,224.
Knight Frank’s Tim Grant and Matt Romanin sold the property, which has ocean views.
More medical action
A private developer has secured a vacant 1070sq m medical centre at 136 Gympie Road in Strathpine in Queensland for $2.48 million at auction.
The developer comes with a 7194sq m landholding.
CBRE’s Dillon Murphy and Tim Jones and Cushman & Wakefield’s Morgan Ruig managed the sale.
A local private investor has picked up a 3857sq m industrial site at 41 Alex Fisher Drive, Burleigh Heads, on a net yield of 7 per cent for $1.39 million.
Lacey West Real Estate’s Tony West sold it for private owners who used the site previously to manufacture dredges.
Local investors traded a 3991sq m industrial site leased to construction materials company Boral for $2.2 million.
The property, at 23 Anderson Road in Melbourne’s Thornbury, returns an annual rent of $92,742.
Butera & Company’s Robert Butera and David Butera acted on the transaction.
Hultex Holdings has sold an 1840sq m office and warehouse facility on a 4843sq m site at 47 Frank Street, Wetherill Park in Sydney’s west, for $3 million.
A private investor acquired the property on a net yield of 6.07 per cent.
LJ Hooker’s Marcel Elias and Paul Mcinerney executed the transaction.
$6.45m in Molendinar
A local family-owned investment entity has bought a vacant 6696sq m industrial facility at 26 Production Avenue in Molendinar on the Gold Coast for $6.45 million.
The new owner plans to do minor works to the property, which has three metal-clad buildings, before seeking a new tenant.
Colliers International’s Pat Cavanagh marketed the property.
Sustek Holdings Pty Ltd has sold a 440sq m retail building at 378-380 Centre Road, Bentleigh in Melbourne, to a land-banking investor for $2.9 million.
Sustek Holdings Pty Ltd has sold 378-380 Centre Road, Bentleigh in Melbourne, for $2.9 million.
The two-level property at 378-380 Centre Road is on a 451sq m site.
Fitzroys’ Chris Kombi and Mark Talbot inked the sale at a 3.4 per cent yield.
Auscan Group has acquired a retail shop leased to cycling retailer 99 Bikes at Cannon Hill in Brisbane’s east for $1.95 million.
A private investor sold the 626sq m building with a five-storey development potential at 937 Wynnum Road at a yield of 6.7 per cent.
Ray White’s Jonathon Jones sold the corner property with a rear roller door.
A corner retail building leased to Italian restaurant La Porchetta at 100 Hazel Glen Drive in Melbourne’s Doreen has sold for $2.89 million.
The newly built 455sq m property in the Laurimar Town Centre was sold on a yield of 6.6 per cent with a new 10-year lease to La Porchetta.
Fitzroys’ Chris Kombi and Dean Alexander brokered the deal.
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