Commercial hammer prices

The price Queensland Renewable Energy paid for two units at Coolum Beach on the Sunshine Coast. Its has purchased units at 25 Quanda Road, Coolum Beach, in a deal negotiated by Tracey Ryan from Ray White Commercial Noosa. The units are each 88 square metres and suitable as the business requires extensive pallet racking. One was offered for sale by a private vendor and the other by an interstate developer.

The yield for the Beca House office building at 21 Pitt Street in Auckland, NZ, which was recently bought by a private New Zealand investor for NZ$55 million. The deal was negotiated by Warren Hutt of CBRE and is the city's largest commercial transaction in two years. The building's major tenant (with naming rights) is Beca Corporate Holdings, which occupies more than 14,400 square metres of space on a nine-year lease that commenced in 2010. The building is 10 storeys and has a net lettable area of 16,800 square metres.

The price Queensland Investment Corporation paid for Noosa Civic shopping centre on the Sunshine Coast. The shopping centre, on 31.7-hectare activity site, is "one of the key sub-regional shopping centres on the Sunshine Coast," QIC global managing director Robert Carter told the Australian Financial Review. QIC bought the centre from Commonwealth Games chairman Mark Stockwell.

The price a private investor paid for 4,631-square-metre ground-floor retail property at 126-128 Pittwater Road, Gladesville, in inner north-west Sydney. Harris Farm Markets has a 10-year lease for 1,505 square metres and is paying rent of $675,000 net per year. The remainder of the building comprises parking. The sale price represents a gross rental yield of 8.65%.  The deal was negotiated by Simon Staddon from Burgess Rawson and Steffan Ippolito from Oxford Commercial.