Commercial property transactions: Koko Black buys Chocolatier

The HIA will move to the five -level office in 8 Gwynne Street in the second half of the year.

The relationship consultants have a lease on the property of 1452 square meters that expires next month. They paid $ 940,000 per year for rent, giving the agreement a performance of 5.22 percent. The report has moved a couple of isolated to 65 having street.

“We were not trying to sell, but we were presented with a satisfactory offer that we were inclined to take. We are developers and we can recycle funds in other projects both local and interstatal level,” said developer Nick Roche.

Hia has its national headquarters in Canberra, but monitored the Marginal Offices market of Melbourne for some time, looking for the right building in the center-east.

The out of market agreement was negotiated by the Peter Bremner of Gorman Commercial.

“The owner-occupant market in the marginal region of the city is strong and there are not many high quality free buildings on sale to satisfy the demand,” said Bremner.

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The research of Cushman & Wakefield shows that the owners-occupiers have constituted about 84 % of the most recent buyers to Cremne.

The agents of Cushman & Wakefield Anthony Kirwan, Raphael Favas and George Davies sold an office at 131-135 having to street to an owner-occupier before the expressions of interest were closed.

The property was last exchanged for $ 4.35 million only six months ago for Sydney’s investors. The new buyer scored him for $ 100,000 extras at $ 4.45 million.

Around the corner, the agents of Teska Carson Michael Taylor and Matthew Feld are selling another office launched in the owner-occupier market in 44 Stephenson Street. It will be expected between $ 2.5 million and $ 2.75 million.

The Hia rented Burnley Business Park at Burnley Business Park after selling his long -standing Jolimont headquarters to the police association in 2022 for over $ 30.77 million.

The association has just been collected after selling their historical headquarters in front of the Fitzroy gardens in East Melbourne in 2023 for $ 28.14 million. They recently applied for a license to serve alcohol to over 350 people in the first two levels of the building.

River digs

At the eastern end of Richmond, NHP Electrical Engineering Products is selling its old excavations on the Yarra river between Victoria Street and Bridge Road.

The 10,040 sqm site in 43-67 River Street should attract a series of residential developers, including construction players, build-to-to -ll and retirees.

The agents of Lawd Lukas Byns, Paul Callanan and Peter Sagar have the list and expect $ 50- $ 60 million for the site according to the buyer’s intentions.

Michael Jackson by Jacx and Tom Byrnes by Keck Cramer Keck Cramer act as transaction consultants.

The preliminary conceptual plans for the 1 -zone commercial site indicate that it could manage up to 169 apartments and 10 terraced houses, all overlooking the city and river.

NHP, established by the deceased Nigel Peck in 1968, has a new headquarters in East Hawthorn.

The registers show that the engineering company paid Terplex about $ 26.5 million for 16-18 Cato Street, which was a deal considering that Terraplex had paid $ 24.7 million for the former Bunings office and spent other $ 5 million for a renovation.

Development sites

River Street is not the only fresh development site on the market this week. A three -story office for rent from the University of Melbourne at 550 Swanston Street, Carlton, is also on sale and launched as a redevelopment game.

The registers show WH Lober, a company owned by the Cornick family of Sydney, is selling the investment purchased in 2001 for $ 3,625,000.

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The agents of Savills Tim Grant, Linc Reynolds, Tom O’Halloran and Benson Zhou have the list and expect more than $ 20 million for the site.

The 1840 sqm office is located on a 1315 square meter site, for mixed use in areas, near the University and RMIT.

The low building is surrounded by 13 -storey hotels and towns of students for students and the most likely buyers would probably be from developers focused on students and construction developers.

The University pays $ 880,931 per year for rent for the building which is occupied by the Department of Audiology and the Clinic for auditory assistance. His leases expires in February 2028.

Villa Maria

In Box Hill, Villa Maria Catholic Homes is downloading a site that purchased in 2020 for $ 8.2 million. The 5074 sqm site in 110 Albion Road overlooks the Gardiners Creek Parkland near the intersection of Middleborough and Canterbury Roads.

While VMCH has obtained a permit for a care structure of the elderly on the site, it also requested a residential rezonaggio which is currently with the Minister of Planning.

The agents of Cushman & Wakefield Hamish Burgess, Joe Kairouz and Leon but are leading the campaign of expressions of interest with Steve Bennett and Matt Brown-Gaceaves by Jacx Property who act as transactions managers.

The assistance players for the elderly or retirees are the most likely buyers, but residential developers may also be enthusiastic. It is expected that it will take over 9.5 million dollars.

Rag

In the meantime, in the suburb of Newtown Geelong, Rag’s merchant Frances Fabrics is selling a historic mill of the mill in the artistic district on the Barwon river.

The 29,280 sqm site in 403 Pakington Street, has the approval of planning for a mixed use district designed by Jam Architects, with 314 apartments and 29 terraced houses.

Oliver Hay, Burgess, Kairouz and but Cushman and Wakefield have the listing and expect over $ 30 million.

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