Commercial hammer prices
The price paid by a private investor, off the plan, for a new logistics warehouse facility in Melbourne’s west. Tony Iuliano, Colliers International national industrial director, negotiated the sale of the 23,455-square-metre facility at 19-39 Studley Court, Derrimut. It is located within the Paramount Industrial Estate developed by Gibb Group and designed and constructed by Qanstruct for Kraft Foods Limited. Kraft recently entered in a five-year lease with five renewal options of five years. It is currently under construction on 46,650 square metres of land near the Western Ring Road. The sale price reflects a yield of 8.2%.
How much Darwin-based private investor Cenfurn Investments Pty Ltd, associated with the Koch Family, has paid to acquire The Zone Retail Centre and an adjoining retail development site in Darwin located at the intersection of Stuart Highway and Vanderlin Drive. After adjusting for the value of the vacant land, the centre is understood to have sold on an equated yield of approximately 11%. The centre features 6,430 square metres of retail space on a 13,300-square-metre site with car parking for approximately 200 vehicles. The property was marketed by Matthew Knight and Cameron Arnott of Knight Frank, and Peter Tyson and Jon Tyson of Savills on behalf of receivers John Greig and Nicholas Harwood from Deloitte.
The price paid for an office/warehouse at Oakleigh South in Melbourne offering solar power. The property at 23/23-25 Bunney Road, Oakleigh South, was sold by Ray White Commercial Oakleigh sales and leasing executive Ryan Amler on behalf of a local investor. The property offered a total building area of approximately 350 square metres and also has on-site parking for seven cars.
The price being sought for an industrial site in Brooklyn in Melbourne. Colliers International’s Nick Saunders and Cameron Hunter have been appointed to sell 26 Buchanan Road in Brooklyn. The 2,400-square-metre site, currently owned and operated by Plasterboard Wholesalers, is home to a warehouse of around 1,155 square metres. The property is being offered with vacant possession. Brooklyn is just on the outskirts of Melbourne’s inner west, located within one kilometre of the on- and off-ramps of the West Gate Freeway.
How much a private investor has paid to purchase industrial land in Melbourne’s west – the largest single purchase in this market for more than three years. The sale of the 5.6-hectare site at 169 Australis Drive in Derrimut was negotiated by Nathan Bingham and Stephen Newsham, of Colliers International. It was sold post auction and it is envisaged that the buyer will design and construct a distribution centre.