Commrcial Sale

<html><body><div title="Page 1">
<div>
<div>
<div>
A 1,100sqm Fitzroy corner building in Melbourne’s inner-north has been sold to international volunteering organisation AVI, which will move its headquarters to the building from nearby Kerr Street.
Fitzroys Director, David Bourke and Manager, Terence Yeh, together with Rodney Morley Real Estate’s Rodney Morley and Naomi Dorevitch, sold the 160 Johnston Street property under the hammer for $5.050 million.
It marked the first time the vendors, a private local family, had put the property to the market in half a century.
The 579sqm site is between the bustling Brunswick Street and Smith Street hospitality and lifestyle precincts, and has frontages of more than 20m to busy Johnston Street and more than 28m to Hertford Street.
It has a two-level office and showroom building with onsite parking, and traded with a holding income of $110,732 per annum.
Yeh said the property’s attractive Commercial 1 zoning saw strong enquiry from investors, owner occupiers and developers, with more than 120 enquiries received during the campaign and strong competition in front of a large crowd at auction.
In close collaboration with the Australian government, AVI - initially Australian Volunteers International - has been at the forefront of volunteering initiatives since sending the world’s first international volunteer to Jakarta in 1951.
Last year, it was selected to deliver to the Department of Foreign Affairs and Trade’s new Australian Volunteers program, which began at the start of this year, as part of a consortium with Cardno and The Whitelum Group.
Another not-for-profit agency has purchased an office building, this time in Fitzroy.
The deal leaves AVI in front from two property disposals in 2016 and April which banked a total of $15.1 million, former headquarters at 71-75 Argyle Street and 88 Kerr Street.
The property's Commercial 1 zoning (which would allow for the construction of apartments) generated more than 120 inquiries.
</div>
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

AVI stays local after securing Fitzroy corner site 

<html><body>
A strategically located land development at Port Augusta is for sale.
The <a href="https://www.realcommercial.com.au/property-land+development-sa-port+augusta-502191634" target="_blank">land</a> is available for immediate development or can be held onto for future development and growth in this economic region.
There are two sites in this sale, the Winninowie site has a size of 61 ha with either side of the existing rail line and adjacent to the Augusta National Highway.
There is a proposed Intermodal Facility at this location and a scoping paper is available upon request.
The other one is the Wilmington site which has a size of 7 ha operating as the Wilmington East-West Shed Road Train Assembly Yard.
It is strategically located on road and rail routes at the crossroads to South Australia’s mineral-rich far north and western regions.
Both of these sites are offered together, but the separate sale of the properties will be considered.
Port Augusta has developed into a significant regional service centre in the northern region of South Australia. It is a natural hub for transport and distribution services across Australia.
International expressions of interest close on 16 December and is offered through LJ Hooker Commerical agents Con Kavooris and David Buenfeld.
</body></html>

Strategically located land development at Port Augusta for sale

<html><body>
Stockland has acquired the remaining 50 percent stake in the shopping centre formerly known as Sugarland Shoppingtown in Bundaberg, completing its 100 per cent acquisition of the centre.
Stockland acquired the remaining stake in the centre, which will now be rebranded as Stockland Bundaberg, for $61.5 million from a client of AMP Capital.
Stockland acquired its initial 50 percent stake in the centre from an AMP Capital managed fund for $59.25 million in October 2014.
John Schroder, Group Executive and CEO Commercial Property at Stockland, said Stockland Bundaberg SAT amongst the most productive shopping centres in their national retail portfolio. 
Stockland Bundaberg is a 22,795 square metre sub-regional shopping centre anchored by Woolworths, Big W and JB Hi Fi, and includes four additional mini-majors and 64 specialty stores. It is the anchor mall at the centre of the rapidly growing West Bundaberg retail precinct.
</body></html>

Commrcial Sale

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Commrcial Sale

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.