Commercial leasing: Indian restaurant operator Masala Art leasing premises in Toowoomba

Commercial leasing: Indian restaurant operator Masala Art leasing premises in Toowoomba
Commercial leasing: Indian restaurant operator Masala Art leasing premises in Toowoomba

The estimated net rent per square metre per year that two tenants will pay for more than 2,000 square metres of office space at the Riverside Quay precinct on Melbourne’s Southbank. The two leases were negotiated by Ben Christie, Colliers International director of office leasing, in Buildings 1 and 2 at Riverside Quay. The whole of level four, Building 2 at Riverside Quay has been leased to global property and project consulting firm WT Partnership Australia. The lessor was Mirvac Asset Management. WT Partnership Australia will occupy 1,360 square metres on a six-year lease. Japara Holdings has signed a six-and-a-half year deal to sub-lease level four (1,026 square metres) in Building 1 at, Riverside Quay. Japara took on the sub-lease opportunity offered by Adecco Australia.

The net rent per annum that Rip Curl Group parent company RC Waves Pty Ltd is believed to be paying on a new six-year lease over an office and warehouse facility at Keysborough in Melbourne’s south-east in a deal negotiated by Savills Australia. The 134-148 Atlantic Drive property comprises a 3,855-square-metre building including a 479-square-metre office component over two levels, a 100-square-metre mezzanine space, and a 3,276-square-metre warehouse on a 6,750-square-metre site. The deal was brokered by Savills Australia divisional director of industrial Joseph Catanese. The lessor was a private investor.

The estimated gross annual rent that Indian restaurant operator Masala Art will pay to lease new premises in Toowoomba. Masala Art has leased the site of the former Weis Backdoor café in the Clifford Gardens Shopping Centre in a deal negotiated by Ray White Commercial Toowoomba’s Mark Wynhoven and John Smith. Masala Art has subleased the site, taking up the remaining four years of the Weis lease. The shop measures 120 square metres.

The estimated annual rent that church group the Harvest Centre will pay to lease a Burleigh Heads industrial property on the Gold Coast. The property at 1/62 Township Drive has existing approval to be used as a church and was recently vacated by a church group.  The new lease deal was negotiated by Craig George of Colliers International.  The Harvest Centre has taken on a three-year lease with renewal options. It will occupy the 343-square-metre building, which consists of a 280-square-metre fully carpeted warehouse and 63 square metres of mezzanine office. The property is owned by Dawnlite Nominees at Township Drive and is one of two units in the complex and is situated alongside the M1.

The gross face rent per annum that Precision Mail will pay to lease 5,913 square metres of industrial space at 223-225 Barry Road, Campbellfield, in Melbourne’s outer north. The five-year lease was negotiated by Tim Homes and Marco Sandrin from Colliers International. The property is part of the investment portfolio of 360 Capital Property Group. The office-warehouse property is located just off the Hume Highway within close proximity to the Metropolitan and Western Ring Roads.

Roughly how much truck repair firm Bronco Truck Repairs will pay to lease an office/warehouse facility at Laverton North in Melbourne’s western industrial precinct in a deal  negotiated by Savills Australia. The property at 41B Little Boundary Rd comprises a 400-square-metre office/warehouse facility on a 2,600-square-metre site. The three-year deal was negotiated by Savills industrial executive Luke Jesson. The property is situated on the corner of Leslie Road, offering immediate access to the Western Ring Road and West Gate Freeway.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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