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Buddhist not-for-profit organisation Heruka Kadampa Meditation Centre has bought a ground-floor 373 sq m office in the Currie and Richards Building in the Melbourne CBD for $4.09 million.
The building at 79-81 Franklin Street was built in 1875. Knight Frank’s Jack De Lutis, Andrew Hansen and Gellie Mendes oversaw the sale.
The Heruka Kadampa Meditation Centre paid $4.09 million for the Currie and Richards Building ground floor office. Supplied
Healthy sale
Melbourne doctor Ian Fok has sold a fully leased day hospital in Melbourne’s west to a private investor for $8.6 million.
The hospital’s two tenants in gastroenterology and hepatology practices have 10-year leases with options.
The property at 493 Ballarat Road, Sunshine sold on a net yield of 6 per cent.
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CBRE’s Josh Twelftree, Jimmy Tat, Sandro Peluso and Marcello Caspani-Muto marketed the property.
Let the sunshine in
A mixed-use riverfront property in Noosaville on the Sunshine Coast has sold under the hammer at $1.34 million.
The property at 23/185-187 Gympie Terrace has a 74 sq m shop leased to a cafe on the ground floor and a two-storey residential unit upstairs.
The total annual rent income on the property is $80,000. Ray White’s John Petralia sold the property.
Magnificent seven
Rio Developments has pre-sold seven out of 10 of its new strata industrial units in Sydney’s Seven Hills for more than $7.5 million.
The units at 10 Brumby Street range in size between 250 sq m and 298 sq m and sold for between $975,000 and $1.15 million each to a mix of investors and owner-occupiers.
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They have parking and access to an on-site electrical substation.
CBRE’s Matthew Alessi and Steph Di Val and Colliers International’s Hugo Hannah and Paul McGlynn negotiated the sales.
Mortgagee-in-possession sale
BPG Developments has paid $4.025 million for a 2095 sq m development site in Lutwyche, Brisbane to build a 68-apartment project.
BPG plans to redesign the project at 2-8 Lucas Street, which already has a stage-two development approval for 74 apartments.
Colliers International’s Adam Rubie and Brendan Hogan acted on the mortgagee-in-possession sale for insolvency specialist Jirsch Sutherland.
Child’s play
Accord Property has sold a purpose-built childcare centre at 49-51 Vennachar Drive, Hallett Cove in South Australia to a private investor for $4.325 million.
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The property is leased to Paisley Park Early Learning Centres for 20 years on a net annual rent of $278,518.
The 685sq m centre sits on a 2390 sq m site 21 kilometres from the Adelaide CBD.
CBRE’s Harry Einarson and Mitch Curnow were responsible.
With Su-Lin Tan
Submissions to stan@afr.com
Thank you
https://www.afr.com/property/commercial/ozprop-capital-buys-nick-scali-warehouse-for-8-9m-20191002-p52wwq
Buddhist not-for-profit organisation Heruka Kadampa Meditation Centre has bought a ground-floor 373 sq m office in the Currie and Richards Building in the Melbourne CBD for $4.09 million.
The building at 79-81 Franklin Street was built in 1875. Knight Frank’s Jack De Lutis, Andrew Hansen and Gellie Mendes oversaw the sale.
The Heruka Kadampa Meditation Centre paid $4.09 million for the Currie and Richards Building ground floor office. Supplied
Healthy sale
Melbourne doctor Ian Fok has sold a fully leased day hospital in Melbourne’s west to a private investor for $8.6 million.
The hospital’s two tenants in gastroenterology and hepatology practices have 10-year leases with options.
The property at 493 Ballarat Road, Sunshine sold on a net yield of 6 per cent.
Advertisement
CBRE’s Josh Twelftree, Jimmy Tat, Sandro Peluso and Marcello Caspani-Muto marketed the property.
Let the sunshine in
A mixed-use riverfront property in Noosaville on the Sunshine Coast has sold under the hammer at $1.34 million.
The property at 23/185-187 Gympie Terrace has a 74 sq m shop leased to a cafe on the ground floor and a two-storey residential unit upstairs.
The total annual rent income on the property is $80,000. Ray White’s John Petralia sold the property.
Magnificent seven
Rio Developments has pre-sold seven out of 10 of its new strata industrial units in Sydney’s Seven Hills for more than $7.5 million.
The units at 10 Brumby Street range in size between 250 sq m and 298 sq m and sold for between $975,000 and $1.15 million each to a mix of investors and owner-occupiers.
Advertisement
They have parking and access to an on-site electrical substation.
CBRE’s Matthew Alessi and Steph Di Val and Colliers International’s Hugo Hannah and Paul McGlynn negotiated the sales.
Mortgagee-in-possession sale
BPG Developments has paid $4.025 million for a 2095 sq m development site in Lutwyche, Brisbane to build a 68-apartment project.
BPG plans to redesign the project at 2-8 Lucas Street, which already has a stage-two development approval for 74 apartments.
Colliers International’s Adam Rubie and Brendan Hogan acted on the mortgagee-in-possession sale for insolvency specialist Jirsch Sutherland.
Child’s play
Accord Property has sold a purpose-built childcare centre at 49-51 Vennachar Drive, Hallett Cove in South Australia to a private investor for $4.325 million.
Advertisement
The property is leased to Paisley Park Early Learning Centres for 20 years on a net annual rent of $278,518.
The 685sq m centre sits on a 2390 sq m site 21 kilometres from the Adelaide CBD.
CBRE’s Harry Einarson and Mitch Curnow were responsible.
With Su-Lin Tan
Submissions to stan@afr.com
Thank you
https://www.afr.com/property/commercial/ozprop-capital-buys-nick-scali-warehouse-for-8-9m-20191002-p52wwq