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Unit offered at bargain basement price

The basement ‘unit’ This unit is located in the basement car park of 358 Flinders Street and enjoys easy access from Ogden street, the listing on realcommercial.com.au says. The 100m2 secure space is available for immediate lease. No clutter – Marie Kondo would approve A similar sized residential unit in the city could set you back $850 a week. Ray White Commercial agent Troy Townsend said the owner of the building had spent $380,000 converting the previously unused basement into a money-spinner. He said there were two storage units for lease, both for $800 plus GST each, plus about 13 carparks, which can be leased for $150 a month.

Oxford carpet store could be turned into student flats

Planning consent has been granted to allow 12 student flats at Canterbury Works in Glanville Road. The two-storey furniture showroom could be repurposed as commercial mixed-use on the ground floor, with 12 one-bedroom student accommodation on the first and second floors. The student flats opportunity is being sold by White Commercial Surveyors, a Banbury-based property consultants. In a statement, the company said: “The Cambridge Centre for Housing & Planning research of student housing demand and supply for Oxford City Council confirms that a total of 13,467 student rooms would have to be built if the current and potential future ‘shortfalls’ in student accommodation are to be met.

Billionaire buys up in development hotspot

Billionaire buys up in development hotspot One of Queensland wealthiest men has joined a throng of investors and developers seeking a slice of an inner city development hotspot. Business by Chris Herde Premium Content Subscriber only ONE of Queensland s richest men has secured an inner city heritage building and adjoining car park in a precinct that has become a development hot spot. Billionaire founder of Super Amart furniture John Van Lieshout s private property investment and development company Unison Projects paid $5.7m for the 1821sq m site at 14 Maud Street, Newstead. Ray White Commercial s Tom Barr said the campaign generated more than 70 buyer inquiries from local and interstate developers and investors.

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