South Australia
ROYAL PARK - $21.9 million
Centuria Capital Group has acquired a third asset for its Centuria Select Opportunities Fund (CSOF), a $21.9 million dual-tenant warehouse at 7 Brandwood Street, Royal Park, 11km northwest of Adelaide’s CBD.
Leased to Daikin Australia and Allied Express Transport, the asset offers a 6.3-year WALE and value-add potential, with rents below market rates.
This acquisition enhances CSOF’s return profile and geographic diversity, supporting its 15% IRR target within its 15-month capital deployment strategy.
The deal was managed by CBRE's Andrew Bell and Jon Nitschke, in conjunction with Colliers' Gavin Bishop and Paul Tierney.
Victoria
YARRAVILLE - $1.615 million
Aggressive bidding under a scorching Melbourne sun has seen a strata investment, leased to a global fast food retailer in the heart of Yarraville’s thriving Anderson Street, sell in yet another very strong strip investment result.
Fitzroys’ Mark Talbot and Ervin Niyaz sold 27A Anderson Street, Yarraville on behalf of a private owner, with the sale price coming in at $1.615 million - some $115,000 above reserve, and on a tight 4.2% yield.
The property comprised a 132 sqm restaurant that recently underwent a $300,000 fit-out and is leased to Zambrero, which has 300 restaurants worldwide, on a new 7+5+5-year lease.
LAVERTON NORTH - Undisclosed
An owner-occupier has purchased a 12,031 sqm office/warehouse located at 66-70 Dohertys Road following a sales campaign managed by CPN Commercial Group's Peter Daris in conjunction with AND Property's Ben Quennell and Ricardo Cappelletti.
The incoming owner intends to leverage the site’s prime location, frontage, and low site coverage for their transport business.
MICKLEHAM - Undisclosed
CMV Group has purchased a strategic 4.57ha landholding from developers MAB and GPC within Merrifield Business Park.
CMV Group is set to develop the site, at 2 Innovation Drive Mickleham, into a state-of-the-art Kenworth & DAF Truck dealership and service centre, enhancing their offering and accessibility to their growing customer base in Melbourne’s North.
CBRE’s Daniel Eramo and Joe Brzezek brokered the sale of the prime property, located in a prominent position at the corner of Donnybrook Road and Polaris Road.
CMV Group Joint Managing Director, Daniel Crawford said the location’s high exposure and excellent connectivity were key considerations in CMV Group's decision to invest in the prime site.
Queensland
MITCHELTON - $9.9 MILLION
A 13,200 sqm site with frontage to the Kedron Brook in Mitchelton has transacted for $9,900,000 to a retirement living provider, and with approval for 196 apartments will assist with much-needed housing for Brisbane.
The Colliers Queensland Residential Development Site Sales team of Troy Linnane and James Matley transacted the sale at 1A Northmore Street Mitchelton on behalf of a national property group.
Colliers Queensland Residential Development Site Sales Director Troy Linnane said high demand for housing in the area and acute undersupply, saw strong interest for this site from a range of developers and aged care providers.
CALOUNDRA WEST - $9 million
Plastec Australia, a leading manufacturer of innovative plumbing products, has secured two industrial warehouses in separate off-market transactions with a combined value of $9 million as part of its growth plans for operational expansion.
The properties, located at 34 Enterprise Street and 21 Enterprise Street in Caloundra West, have a combined building area of 3,541 sqm.
Director and Founder of Plastec Australia Syd Hawthorne said, “These new facilities will enable us to enhance our production capabilities and better serve our customers. We are committed to driving innovation and supporting the local economy.”
The off-market deals were managed by CBRE’s Jack McCormack and Matt Marenko.
DAKEBIN - $3.56 million
An interstate investor has acquired Dakabin Village, a highly sought-after convenience and childcare centre which has been family-owned for 18 years, for $3.56 million.
Located at 90-94 Whitehorse Road, the 713 sqm GLA convenience centre is anchored by Little Legends Early Learning Centre and a SPAR Supermarket with a total centre WALE of 3.2 years by income.
Located on a prominent 2,252 sqm corner site, this asset has substantial underlying land value and is positioned within a major growth corridor in Southeast Queensland.
CBRE’s Harrison Coburn managed the sale, which reflected a 5.86% yield.
