Richmondâs Wangaratta connection up for grabs
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A freshly leased new office, built on the old Duchamp clothing headquarters in Richmond, has come to market.
Beams Projects bought the 45 Wangaratta Street site in 2016 and built a small tower of six whole floor offices. They were going to be sold as individual strata investments but now the 1413 sq m project is offered as a
$20 million-plus investment.
JLL agents Josh Rutman, Piers Jalland, Tim Carr and MinXuan are running the expressions of interest campaign.
Strata shop sells $60,000 above reserve
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Carnegie
An investor paid $60,000 above reserve to outbid several rivals for control of a strata-titled shop in
Jonathan Hallinanâs development at 274 A, B, & C in Neerim Road. The property was knocked down for nearly $2.56 million, or $6642 per sq m, Teska Carsonâs
George Takis said. The result reflects a strengthening market for strip retail despite COVID-related issues, he said. Sold with vacant possession, the 392 sq m ground-floor shop covers three titles and is part of a 5-level residential development.
Napier Street auction brings 80 viewers to the $4.56m show
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Fitzroy
Roughly 80 turned up to watch 235 Napier Street sell at auction for $4.56 million. CRS’
Lou Montalti said enquiry was solid from day one, with owner occupiers, investors and developers looking to secure the corner freehold. The price was $600,000 above the reserve.
Roughly 80 turned up to watch 235 Napier Street sell at auction.
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Wodonga
A local picked up a partially leased office building at 172 High Street. Partly leased to Commonwealth of Australia at rent of $74,724 per annum net, it sold for $1.74 million. Teska Carson’s
Napier Street auction brings 80 viewers to the $4 56m show brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.
Off-shore buyers are looking for safe property harbour
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There are suggestions international buyers could be returning to the city, encouraged by the success of Victoriaâs handling of the COVID-19 pandemic.
Down at the Victoria Market end of the CBD, a double-storey shop at 469 Elizabeth Street changed hands for $5.2 million.
469 Elizabeth attracted 11 offers and sold on a 3 per cent yield.
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Records show the property, leased to Sarawak Kitchen, was previously owned by Malaysian-based billionaire Loh Kiam Chong who sold it in 2016 for $2.9 million to a local investor.
It flipped again over the summer to a Chinese buyer. Tiga Commercial agents David Sia, Martin Leong and Nicholas Hii handled the transaction which attracted 11 offers and sold on a 3 per cent yield.