Commercial hammer prices

Commercial hammer prices
Commercial hammer prices

The amount a local private investor paid for a vacant shop on Wickham Street in Brisbane’s Fortitude Valley. Located at 138 Wickham Street, it was built in 1922 and features a federation Anglo-Dutch style architectural influence by notable architects Chambers and Ford. It comprises  lettable area of approximately 204 square metres over two levels with high ceilings and sits on a 159-square-metre site with two street frontages. The original owner, George Hooper, operated a jewellery store in the building until 1950. Notable owners have included nightclub entrepreneurs Geraldo Bellino and Vittorio Conte in the 1980s. It was sold by Michael Harcourt of Savills on behalf of Sunshine Coast businessman Jerry O’Reilly, who owned the property for close to 25 years. The new owner intends to re-lease the premises.

 


 

The amount an industrial warehouse complex at Yatala on the northern Gold Coast has been sold for at auction. The property at 28 Commerce Circuit, Yatala, was sold under the hammer at the Ray White Capital City Auctions in Brisbane by Ray White Commercial Queensland sales director Karen Seeto and John De Martini of Ray White Commercial Springwood. The complex was offered for sale by Paradise Property Developments Pty Ltd and was purchased by construction company Rob Carr Pty Ltd, which intends to be an owner-occupier. The 2,962-square-metre site is located within the Yatala Enterprise Area currently home to more than 550 small, medium and large commercial and industrial developments as well as large businesses including Harvey Norman, Woolworths, Mitre 10 and VIP Pet Foods.

 


 

The amount Brisbane-based Engage Capital paid for the landmark former Woolstore building at Teneriffe occupied by Brisbane’s Nova radio station. The four-level office building at 130 Commercial Road is set on 1,710 square metres of freehold land in the heart of Teneriffe. It features a total of 4,338 square metres of large floor plate office space, with the top floor occupied by Nova Media (DMG) on a 15-year lease with options. The property was sold by international cotton trading company Dunavant, with the transaction negotiated by Greg Harris and Peter Chapple of Savills and Gareth Closter of Chesterton.

 


 

The price achieved for an industrial property in Derrimut has been sold to a private investor in a deal negotiated by Colliers International. The 12,370-square-metre site at 26 Paramount Boulevard in Derrimut includes a modern office-warehouse facility with two street frontages. It was marketed by Colliers International industrial director Tony Iuliano and associate David Kalb. It is located in the well-known Paramount Industrial Estate, around 16 kilometres west of the Melbourne CBD and within two kilometres of both the Deer Park Bypass and Western Ring Road. The property is currently returning net rental income of $516,600 per annum. The property is leased to international publishing company Parragon Publishing and with surrounding residents including Mercedes Benz, Aldi, Coles, Audi, Stora Enzo, Sleepy Head, Vista Print, Hellmann and Blundstone.

 


 

The number of cherry trees producing fruit along with 1,620 plum trees and 680 fig trees at Ainslie, a 21-hectare property at Young in NSW, which has been listed with a $395,000 asking price through LJ Hooker agent Christian Rowan. It has growers’ market potential, Rowan says. In 2008 the Australian cherry industry – a small agricultural industry – had an estimated 700 growers spread across all states excluding the Northern Territory. The Dandenong Ranges ranks as the key production area within Victoria along with the Young, Orange and Bathurst regions in NSW, the Mount Lofty Ranges and the Riverland area (SA), the Huon Valley (Tasmania) and the Bridgetown and Mt Barker areas (WA).

 


 

The amount being sought for Bolivia Station, the historic rural property at Tenterfield in the New England district of northern NSW. It’s been listed by Patricia McAlary, the widow of the late Sydney barrister Frank McAlary, QC, the "dancing man" caught on film while twirling his hat in the air down a Sydney street on VP Day in 1945 at the end of World War II. Tenders for the 2,946-hectare property New England Highway property including the cattle close on November 10 through Ray White Rural Tenterfield agent Bruce Birch, in conjunction with Jim Ritchie of Landmark Harcourts Glen Innes.

Know of a commercial sales deal? Let us know to be included in next week's listing.

 

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

Comments

Be the first one to comment on this article
What would you like to say about this project?