Commercial hammer prices
The passing yield on a medical centre in Golden Grove in Adelaide’s north east bought by a private investor for $4.2 million. The 1,139-square-metre property at 205 The Golden Way is a fully leased medical complex. The sale was negotiated by CB Richard Ellis’s Ben Younger and Alistair Laycock on behalf of Impact Investment Corporation.
The amount an owner-occupier developer has paid for an industrial property at Cockburn Central, south of the Perth CBD. The property is a vacant site at lot 801 on Hammond Road and measures 12,734 square metres. Greg O’Meara from Colliers negotiated the sale on behalf of the vendor Baxter Hill, a division of the Victoria Costa Group of companies.
The passing yield on a 1,352-square-metre single-storey commercial building on the corner of Leeton and Mildura streets, Fyshwick, ACT. The building was sold for $3.45 million by Jim Shonk and Michael Heather from Colliers on behalf of PPB Advisory to a local syndicate. This property was listed as “an attractive investment with a good lease covenant and the potential to vary the purpose clause to permit residential”. The current tenant is Australian Technology Information, which has leased the building until June 30, 2015 with a three-year renewal option.
