Take office

A local investor has paid $1 million for two waterfront office units in Canberra.

JLL’s Mitch Frail negotiated the sale of units 1 and 2, 85 Eyre Street, Kingston, for Crafted Developments. The 122sq m of corner office space is in The Prince complex on the Kingston Foreshore.

The deal was struck on a land rate of $8196 per square metre.

Medical matters

A vacant site on the NSW Central Coast with approval for a medical centre has sold for $1.9 million to an offshore investor.

The 1.8-hectare site at 88-102 Louisiana Road, Hamlyn Terrace, is next to Wyong Hospital. The approved two three-storey buildings spanning 6000sq m have potential uses including a nursing home or retirement and assisted living.

Savills Australia’s Nick Lower, Ollie Ridley and Selin Ince managed the sale, which followed interest from investors, developers and medical funds and “competitive” bidding.

Brighton spot

A Melbourne-based developer has paid $1.5 million for a Brighton shop and office after viewing the property via a video walk-through while the city was locked down.

Teska Carson’s George Takis and Michael Ludski brokered the deal for 415 Bay Street, a two-level freehold of 211sq m on a 178sq m site.

415 Bay Street, Brighton. 

Mr Takis said the property had been on the market for nearly two years. It sold with vacant possession.

Church rebirth

A Brisbane buyer seeking a passive investment has purchased a former church site on the Sunshine Coast for $1.85 million.

The 1551sq m site at 22-26 Beach Road, Maroochydore, with 470sq m of lettable area, is leased to long-term tenant Coast Life Midwifery. The initial yield is around 6 per cent.

Savills Australia’s Jason O’Meara managed the sale.

22-26 Beach Road, Maroochydore. 

The address is opposite Mosaic’s high-end apartment project Avalon and close to other new developments.

“There is a lot of activity and energy in Maroochydore at present with several cranes in the air which is a great sign,” Mr O’Meara said.

E-auction action

A warehouse east of Melbourne has sold for $540,000 in an online auction held while the state was in lockdown.

Ray White Commercial’s Ben Ainsworth and Ryan Trickey took the 219sq m building at 16/10 Henderson Road, Knoxfield, to market.

Four bidders were among the 30 parties online for the event and the vacant property sold above its reserve, Mr Ainsworth said.

Another goes to Rio

A 250sq m strata industrial unit at Rio Developments’ new Seven Hills project north-west of Sydney has sold to a gym equipment technician for $975,000.

CBRE’s Matthew Alessi negotiated the sale of Unit 3, 10 Brumby Street, one of 10 units in the secure complex.

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