Regional Woolworths sets new low yield benchmark
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A freestanding Woolworths supermarket in Torquay on Victoria s Surf Coast set a low yield benchmark in the state s regional market, selling for $25.1 million to a Melbourne buyer.
The 2980 square metre Woolworths Torquay Central on a 7331sq m site on the corner of Bristol Road and Walker Street – about 22 kilometres from Geelong – sold on a yield of 3.65 per cent including adjoining land and 3.97 per cent as a pure retail investment.
The Woolworths in Torquay was built by the Selkirk family in 2004.
The most recent supermarket sales in regional Victoria include a Woolworths in Lara, north-east of Geelong, which sold for $21.1 million in 2019 on a yield of about 5 per cent, and a Woolworths in Leongatha in South Gippsland which sold for $14.3 million on a 5.3 per cent yield, also in 2019.
An Australians family rang in the new year with a Daniel Andrews themed extravaganza complete with a purple backdrop, black-framed glasses and an ill-fitting North Face jacket.
Department of the Chief Minister and Cabinet
The NT Chief Health Officer has declared the Greater Metropolitan Sydney area of New South Wales as a COVID-19 Hotspot for the purposes of travel to the Northern Territory from 00:01am on 1 January 2021.
Anyone travelling to the Northern Territory who has been in a currently declared hotspot must undertake 14 days of mandatory, supervised quarantine at the Alice Springs or Howard Springs quarantine facilities at a cost of $2,500 per person.
Greater Metropolitan Melbourne is also being closely monitored. If you are intending to travel to the Northern Territory from a COVID-19 hotspot or an area being closely monitored, you are advised to rethink your plans.
The Northern Territory has shut its border to Greater Sydney after declaring the city a COVID hotspot - and refused to rule out further restrictions on interstate travellers.
Anyone arriving in the NT from Sydney after midnight Thursday will be subject to a fortnight of mandatory quarantine. Further to this, we are watching very closely NSW and particularly metropolitan Melbourne . and we won t hesitate to declare further hot spot regions, NT Health Minister Natasha Fyles said on Thursday.
The Northern Territory has followed suit with Victoria in slamming their border shut to greater Sydney amid a Covid cluster (pictured is the Victorian border on Tuesday)