Commercial hammer prices
The sale price achieved for a portfolio of five industrial warehouses across Victoria, New South Wales, Western Australia and Queensland sold by Jones Lang LaSalle via a sale and leaseback strategy on behalf of steel supplier Interlloy. The five warehouses on offer had varying lease terms between 12 and 15 years, with the facilities based in Henderson (WA), Dandenong (VIC), Minto and Albury (NSW) and Crestmead (QLD). David Butera and Andrew O’Connell of Jones Lang LaSalle Industrial co-ordinated the sale program.
The mount Sunshine Coast-based company LRBA paid for a retail complex at Emerald in central Queensland. The complex, which was sold with long-term tenants in place, was marketed by Ray White Commercial Maroochydore principal David C. Smith. The four tenancies in the complex are paying annual rent totalling almost $240,000, and they are all in long-term leases. The retail complex comprised of a net lettable area of approximately 860 square metre.
The listing price of the 16-hectare Capercallie vineyard in the NSW Hunter Valley, which was sold to buyers from China. The property, with five hectares under vine, had been listed for sale by Alan Jurd and Cain Beckett from Jurd’s Real Estate. It last sold for $400,000 in 1995. The final price was not disclosed.
The price Russian investor Grigory Guselnikov paid to buy the Rolex Retail Unit at One Hyde Park in London one of the world’s most expensive residential projects, developed by the billionaire property developers the Candy Brothers. Jonathan O’Regan from Savills advised developer Project Grande (Guernsey) Limited on the sale. The Rolex store, at 100 Knightsbridge, is located across the road from Mandarin Oriental Hotel.
The amount Venus Construction has paid for a residential development site in Redfern in inner Sydney. The site is located at 153 George Street and covers more than 25,000 square metres. The sale was negotiated by CBRE’s Daniel O’Brien on behalf of Psychiatric Rehabilitation Australia in an off-market campaign.
The sale price achieved for an over-50s resort featuring 99 relocatable homes in Goodna, about 25 kilometres south of Brisbane. The property was bought by Harvest Property at auction at a yield of 11.5%. It comprises more than 10 hectares and includes a nine-hole golf course, library and pool. The sale was negotiated by Trevor Weinert from Colliers on behalf of receivers.
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