The Ferny Grove Village shopping centre in Brisbane’s western suburbs has changed hands for $16.2 million. Supplied
Village shopping centre in Brisbane’s western suburbs has changed hands for $16.2 million.
WA-based syndicator Kerching Capital secured the 4408sq m neighbourhood shopping centre at 51 Mcginn Road, Ferny Grove through CBRE’s Michael Hedger and Joe Tynan.
It is anchored by a 2539sq m Coles supermarket and also has 19 specialty retailers.
A local Catholic Church group has snapped up former laboratory property on a substantial site of just over 3 hectares in south Canberra for $3.81 million.
The property at 150 Narrabundah Lane, in the semi-rural suburb of Symonston, initially accommodated the Therapeutic Goods Administration, before being refurbished for its most recent use as an IT data facility.
The purpose-built 1271sq m building is 10 kilometres from the Canberra CBD.
CBRE’s Adrian Woolgar and Michael Heather managed the sale.
Private investor deals
Private investors traded a retail investment leased to a restaurant and a karaoke lounge at 301 Clayton Road in Clayton, Melbourne, for $1.385 million.
Investors fought it out before it sold at a net yield of 4.4 per cent.
Allard Shelton’s James Gregson, Michael Ryan and Martin Huang handled inquiries.
Private investors also traded a service centre and retail property leased to Caltex Woolworths 122-134 Boundary Road in Melbourne’s Braeside for $4.15 million.
Colliers International’s Raphael Favas and Daniel Wolman negotiated the sale of the 2795sq m property.
A local investor paid just over $3 million for a shop at 321 La Trobe Street in the Melbourne CBD at a yield of 4.28 per cent.
The 108sq m property is leased to Japanese restaurant Ikkoryu Fukuoka Ramen.
CBRE’s Max Ruttner, Alex Brierley and JJ Heng marketed the property.
Investor deals continue in WA
Private owners have exchanged a newly completed medical centre at 373 Warnbro Sound Avenue, Port Kennedy in WA for $2.9 million at a 6.22 per cent yield.
Vend Property’s Jeff Klopper sold the architecturally designed, one-storey building for a private owner.
Industrial strata sell-off
Spanos Family Investments has offloaded a 280sq m industrial strata unit at 8/23-31 Bowden Street, Alexandria in Sydney’s south for $1.765 million.
Spectre Management NSW bought the property through JLL’s Tom Reesby, Charlie McKenzie and Edward Washer.
Chester Hill unit
An owner-occupier Dalou Pty Ltd has purchased a 2080sq m industrial facility at Unit 1, 171 Orchard Road, Chester Hill in Sydney’s west for $2.35 million.
Danalir Computer Services sold the property with vacant possession.
The front unit in a complex of five offers a 4.5m to 7m internal warehouse clearance, two roller doors, dual drive-through access, rear hardstand and truck manoeuvreability.
Knight Frank’s Nick Trencevski and John Swanson acted on the deal.
Small but big deal
The property partly leased to the Biggie Smalls eatery at 86 Smith Street, Collingwood, in Melbourne has sold for $3.58 million on a yield of 3.51 per cent.
The refurbished, three-level 267sq m building also has basement levels and a first-floor office.
Fitzroys’ Chris Kombi and Terence Yeh sold it to a foreign investor.
Student accommodation up for grabs
A block of 14 student accommodation studios opposite Deakin University’s Burwood Campus has sold for $3.105 million at auction.
A foreign investor bought the 216 Burwood Highway property at a yield of 4.2 per cent in a first foray into Australia.
CBRE Melbourne’s Mark Wizel, Nathan Mufale, Dylan Kilner and Leon Ma executed an international marketing campaign.
A Chinese developer has purchased a permit-approved 1337sq m development site in Doncaster in Melbourne’s east for $3.775 million.
The auction of 26 and 28 Bordeaux Street attracted 120 inquiries. It can yield 10 large townhouses close to the Westfield Doncaster Shopping Centre.
It was flipped by another developer and marketed by Savills’ Benson Zhou, Julian Heatherich and Dorothy He.