Top five sold and leased commercial properties of the week
With prices ranging from $310,000 to almost $3 million, there was something for everyone among this week’s top five most viewed sold and leased commercial properties. From former Pizza Huts to prime development sites, check out this week’s top five sales and leases from across the country.
Top 5 SOLD commercial properties
1. 2/21 Sydney Rd, Manly NSW – $2.55 million
While only a small bottle shop, it was this Liquorland Express outlet’s prime position in Manly, along one of Australia’s most popular retail and tourist strips, that endeared it to potential buyers. It was our number one most viewed
The Liquorland store at 2/21 Sydney Rd, Manly, occupies a prime site in the popular beachside suburb.
2. 3 Gray St, Kogarah NSW – $2.99 million
Sold for the first time in 60 years, this Kogarah house opposite St George Hospital attracted plenty of interest from developers, with local zoning now allowing for a building height of 21 metres.
The property at 3 Gray St, Kogarah, sold for almost $3 million.
3. 18/21 Eugene Terrace, Ringwood VIC – $310,000
Leased as a cafe within an industrial estate in suburban Ringwood in Melbourne’s eastern suburbs, this property made one investor very happy, with its $310,000 sale price representing a yield of more than 5.4%.
The industrial estate cafe at 18/21 Eugene Terrace in Ringwood.
4. 4/150 Liverpool St, Darlinghurst NSW – $802,000
In prime position adjacent to Sydney’s Hyde Park and just off Oxford St, this 49sqm commercial space leased as a hairdressing salon on a five-year agreement, fetched a tidy $16,367 per square metre when it sold last week.
The hairdressing salon on Liverpool St in Sydney looks out over Hyde Park.
5. 72 Bayldon Rd, Queanbeyan West NSW – $1.2 million
Sold with vacant possession, this industrial property at Queanbeyan, south-east of Canberra, came with the whole box and dice, including a 3505sqm site, a warehouse/workshop, office, two cranes and truck access. It also offered vacant possession.
The warehouse and factory at 72 Bayldon Rd in Queanbeyan West was offered with vacant possession.
Top 5 LEASED commercial properties
1. 19/7-9 Glenbarry Rd, Campbellfield VIC
It mightn’t be much to look at, but Melbourne tradies hunting for a small space to base themselves were all over this 75sqm factory/warehouse at Campbellfield in Melbourne’s northern suburbs. It least for $10,500 per annum, plus outgoings.
The interior of the warehouse at 19/7-9 Glenbarry Rd in Campbellfield.
2. 6 Star St, Geelong VIC
Converted warehouses continue to be all the rage in the office market, with this 105sqm open plan warehouse conversion in the regional Victorian hub of Geelong generating plenty of buzz among local businesses.
The converted office at 6 Star St in Geelong.
3. 2/42 Seton Rd, Moorebank NSW
Spanning 235sqm and with an additional 75sqm mezzanine level, this factory and warehouse unit in Sydney’s west was quickly snapped up. It’s truck-height roller door, male and female amenities and no strata fees made it an enticing proposition for businesses at $42,000 per annum.
4. Shop 3, 190 Belmore Rd, Balwyn VIC
Formerly a massage therapy clinic, this 64sqm retail premises in upmarket Melbourne suburb Balwyn has found new tenants. It featured a rear office and storeroom area, a kitchenette and ample street parking, as well as enjoying a position near Belmore Heights Shopping Centre and Boroondara Recreation Centre.
Shop 3 at 190 Belmore Rd, Balwyn.
5. 4/85 Longueville Rd, Lane Cove NSW
Formerly a Pizza Hut, this 94sqm retail premises in Sydney’s north-west, suitable for a cafe or restaurant, needed a little TLC but was offered with flexible rent and leasing terms.
The former Pizza Hut at 4/85 Longueville Rd, Lane Cove.
