Kmart's Queanbeyan site sold
Michael CrawfordDecember 7, 2020
A private investor has purchased a 10,384sqm Queanbeyan site for $22.3 million.
Currently Kmart Queanbeyan take up 5,176sqm and holds a 20 year lease which will continue until 2032.
The sale was negotiated by Ben Stewart, Daniel McGrath, Andrew Palmer of Knight Frank, on behalf of vendor LaSalle Funds Management Limited.
Ben Stewart said the property forms a central presence on the local precinct’s pedestrian circuit.
"The new Queanbeyan Hospital is located approximately two blocks to the North, with both low and medium density housing located approximately 100 metres away, forming the fringe of the town centre," Mr Stewart said.
Michael Crawford
Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.