Commercial hammer prices

Commercial hammer prices
Commercial hammer prices

The price a Chinese buyer paid for the Bridgepoint Shopping Centre in Mosman on the Sydney North Shore. The price reflects a yield of 8.2% on fully leased gross income of about $4.9 million per year. The centre is anchored by Franklins supermarket, Harris Farm Markets, Mosman Professional Centre and 34 specialty stores. The shopping centre was sold by Lieve Li of Buckingham Real Estate on behalf of developer Frasers.

 



 

 

The size of a block in Alexandria, Sydney containing an existing industrial brick warehouse with small office component bought by private investment company BridgeLane Group for $7 million. Sale of the block at 123-129 Wyndham Street was negotiated by CB Richard Ellis’ Stuart Cox and Daniel O’Brien. It has been earmarked as a potential residential development site. The property is leased to Jade Auto Repair Pty Ltd until December 30, 2013.

 



 

The amount Westfield has spent to acquire a 50% interest in a development site in Milan, Italy. The 60-hectare site adjacent to Milan's Linate airport has planning approval to develop a regional shopping centre similar in scale to Westfield London. The site is being acquired in a joint venture with Gruppo Stilo, an Italy-based developer owned principally by its founder, Antonio Percassi.

 



 

The size of a vacant industrial site in Regency Park, Adelaide acquired by a local private developer for $1.55 million at auction.  The site is located at 1-3 Myuna Street. CB Richard Ellis’ Craig Klemich and David Ludlow steered the auction campaign on behalf of Hoepners Admin Services.

 


 

The price achieved for a commercial property at 292 Station Street, in Lalor, Melbourne, sold at public auction. The selling process was handled by Fitzroys agent Julian Heatherich. The sale achieved a yield of just under 5%. A private buyer bought the refurbished, single-level, brick retail building of about 125 square metres on 260 square metres of land. It is currently occupied by private healthcare operator Healthscope.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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