Commercial hammer prices

Commercial hammer prices
Larry SchlesingerDecember 8, 2020
The sale price (in Canadian dollars) achieved by Dexus Property Group for a 70,000-square-metre Toronto warehouse. The price represents a 13% premium to the December 2010 book value of C$69.4 million. The property, which is leased to Whirlpool, was the only Canadian property held by the Sydney-based property group, which has a $13.6 billion asset book.

The net yield on the 2,738-square-metre 7-Eleven retail site at 2 Canterbury Road, in the Melbourne suburb of Blackburn South, sold by Jones Lang LaSalle agent Steve Bolton to a private investor ahead of an a scheduled auction on July 20, 2011. The sale prices was not disclosed, but it did meet price expectations.

 

 


 

The price paid by Ashleigh Brock, a DIY super investor, for a three-unit industrial complex in Helensvale, on the Gold Coast in Queensland. The property is fully leased and features on-site parking and a basement. It delivers annual returns of $120,000 and an 8.3% yield. The deal was negotiated by James Crawford from Colliers, the AFR reported.

 


 

The net yield on the 1,463-square-metre Lilydale 7-Eleven retail site on the corner of Maroondah Highway and Cave Hill Road in Melbourne, bought by a private investor at a premium. The combined service station and convenience store brings inn $130,000 in annual rent. The property was sold by Jones Lang LaSalle agent Steve Bolton three weeks ahead the July 20 auction of a batch of 15 7-Eleven retail stores.

The heavily discounted sale price achieved at auction for the Hotel Gearin in the Blue Mountains, jointly owned by actor Jack Thompson. It was bought in 2006 for $4.1 million. The auction was handled by Jones Lang LaSalle Hotels agent Sam Handy. Bidding came from two interested parties. Locals say the pub is turning over about $33,000 a week.

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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