Queensland & Northern Territory
QUEENSLAND & NORTHERN TERRITORY - Circa $205 million
Gina Rinehart has sold 2.4 million hectares of grazing country over four stations in Queensland and Northern Territory.
With a land area greater than Denmark, Rinehart sold parts of her S. Kidman & Co Cattle stations to focus on Wagyu beef production in the future due to its higher value.
Three of the stations found in Queensland's Channel Country, which make up a combined 2 million hectares, were purchased by the Appleton Cattle Company for circa $105 million, with the fourth station being sold for circa $100 million to Malcolm Harris.
STAPYLTON - $16.5 million
A 4.26-ha site in one of the fastest-growing industrial precincts in South East Queensland has been sold to Brisbane Isuzu.
The asset located at 183 Burnside Road, was sold by Colliers' David Brisk and Nick Evans for $16.5 million, and come approved for up to 16,211 sqm of additional floor area granting the purchaser with a significant opportunity to expand.
WHITSUNDAYS - $10 million
Former Club Med site and Lindeman Island has sold to Singapore's Well Smart Group for $10 million in a deal brokered by CBRE's Wayne Bunz and Halley Manvell.
Well Smart Group, owned by the Jia family, has invested in and developed Australian hotels in the past, with director Jack Jia, commenting that the group is "committed to minimising any negative impact on the environment, while investing in sustainability infrastructure."
The island was put up for sale last year for an asking price of $20 million by Chinese media company White Horse Group.
Victoria
MELBOURNE CBD - circa $30 million
After a sales campaign that garnered over 200 enquiries, an un-refurbished central Melbourne CBD office tower has sold for around $30 million.
Brokered by JLL's Josh Rutman, Nick Peden and Mingxuan Li, the asset located at 99 Queen Street was offloaded by a private family and purchased by a Mainland Chinese investor.
BRUNSWICK - $6.8 million
A 1,179 sqm warehouse asset in Melbourne's inner north has sold in an off-market sale for $6.8 million to an experienced local developer.
In a deal brokered by JLL's Jesse Radisich, Nick Pedan and Mingxuan Li, the asset located at 241-245 Brunswick Road sits within a Commercial 1 Zone, and represented a land rate of $5,767/sqm.
KEW - $5.006 million
The former restaurant site of George Calombaris' Hellenic Republic has been sold for over $5 million.
Located at 26-28 Cotham Road, the 635 sqm, two-storey building holds a 6+6+6 year lease to current tenants, Cotham Dining Restaurant and Nazar Wine Bar, who both operate under the same lease.
The deal was brokered by Fitzroy's Chris James, Chris Kombi and Ben Liu.
PORT MELBOURNE - $3.2 million
Education provider, Ashmark, has purchased an office and warehouse space in Port Melbourne for $3.2 million.
In an off-market deal negotiated by NSL Property Group's Guy Naselli, the 700 sqm asset was purchased by Ashmark due to its prime city fringe location as they expand their student base.
WEST MELBOURNE - $2.8 million
A three-level office building opposite Flagstaff Gardens has been purchased by privately owned national vocational and education provider, Southern Cross Education Institute.
Southern Cross Education Institute is Australia's largest vocational education provider, with campuses in North and West Melbourne, this site will be their 5th Melbourne campus.
Similar to the above deal, this was also an off-market deal negotiated by NSL Property Group's Guy Naselli.
TOORAK - $2.532 million
Selling under the hammer for $900,000 over reserve price, a freehold retail asset was sold by a private family to a local investor.
Located at 482 Toorak Road in the tightly held Toorak Village, the property sold after a hotly contested auction with 143 live bids across 7 buyers.
The auction was orchestrated by Aston Commercial's Rodney King, with the deal itself being managed by Aston's Liam Rafferty and Jeremy Gruzewski.
New South Wales
BOWRAL - $9 million
A residential development being undertaken in the New South Wales Southern Highlands has been sold for a record price in the area.
Maeve, a 24-residence project on a 6,000 sqm site at 18 Kangaloon Road, has been purchased by Saf Developments for $9 million.
The asset was sold by Reform, in an off-market deal negotiated by Knight Frank's Nathan Berlyn and Luke Hayes, who are also marketing the homes in Maeve to prospective buyers.
Designed for owner-occupiers, the townhouses, sized at 221 sqm, start at $2.2 million, while prices for the apartments, sized from 131 to 179 sqm, start from $1.7 million.
Due to the Easter break, this edition of Deals of the Week covers the past two weeks.
