340-344 Melbourne Rd, North Geelong, has been listed for sale. A landmark North Geelong retail site has become the centre of attention since being listed for sale. The former Melbourne Rd home to Ray's Outdoors has laid dormant for close to a decade after Super Retail Group acquired the Geelong-founded business, and subsequently closed the landmark store. Now, a mix of potential owner-occupiers and developers are circling the property since it was listed for sale by expressions of interest, closing March 30.

https://www.realcommercial.com.au/news/buyers-move-on-huge-longvacant-north-geelong-retail-site

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An artist's impression of ‘The Bryson' tower A 24-level tower in Chatswood has received development approval to begin construction later this month. National developer Goldfields initially submitted plans to construct ‘The Bryson' in February this year – a residential and commercial tower that would consist of 70 units. The proposal includes plans for the building to include one, two, and three bedroom apartments that would feature balconies, surrounding gardens, and open plan living spaces.

https://www.realcommercial.com.au/news/goldfields-greenlit-24level-tower-to-be-built-in-chatswood

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Even billionaires have landlord trouble. It seems even the world's richest people can get caught up in a rental crisis, with Elon Musk forced to come up with a creative solution to solve a conflict with Twitter's landlord. It's often hard to know what's real, what's not so real or what's satire in Musk's world but he seems serious about wanting to change Twitter's name to Titter, at least on the company's building signage at its HQ in San Francisco. Musk wanted to remove Twitter's sign hanging above the street to do so but according to his agreement with his landlord, it wasn't that simple.

https://www.realcommercial.com.au/news/elon-musks-rental-drama-with-twitter-landlord

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The site's proximity to the Western Sydney Airport has driven up the value of the land. A large land parcel situated near the future Western Sydney airport has been offered to market for investors to get into the growing precinct. Sprawled across 200 acres, the site at 2215 The Northern Rd in Luddenham gives investors multiple potential uses through its flexible zoning. The site is positioned between Luddenham Village and the western pocket of the airport, which will have access to the dedicated cargo entry point when construction is completed.

https://www.realcommercial.com.au/news/best-ever-prime-70m-aerotropolis-land-for-sale-in-western-sydney

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The Langham, Gold Coast was opened to guests in June. The Middle East and Africa have emerged as the only regions to increase hotel construction activity over the past three months – and the Asia-Pacific has been identified as one of the worst global performers. New STR research reveals that the total number of hotel rooms under contract in the Asia-Pacific plummeted 4.3 per cent to 904,000 rooms in the third quarter of the year. The number of hotel rooms in final planning throughout the region dropped more than 26 per cent, but the number under construction increased by 1.

https://www.realcommercial.com.au/news/hotel-construction-across-the-asiapacific-among-the-worlds-least-active

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St. Collins Lane in Melbourne's CBD. Picture: Supplied Melbourne-based Vantage Capital and its backer investment bank Credit Suisse have put the St. Collins Lane mall on the block after moving to reposition the property they picked up during the depths of the city's lockdown. That discount purchase in 2020 from JPMorgan Asset Management, which had paid $247m for the luxury asset when it picked it up from LaSalle Investment Management in 2016, marked the nadir of the city retail market and could again trade at about $120m.

https://www.realcommercial.com.au/news/highend-fashion-precinct-st-collins-lane-in-melbournes-cbd-hits-market

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From left: Jameson TTB director and co-founder Jonathan Webster, Andrew Buxton, Jameson TTB director and co-founder Nick Browne, Jameson TTB investment management director Myles Hornbuckle, and Charlie Buxton. Melbourne property tycoon Andrew Buxton's private investment vehicle, The Buxton Family Office, has teamed up with asset manager Jameson TTB, to bolster its funds management platform. The private BFO will underwrite the deals and give Jameson the ability to move on time-sensitive opportunities as market shifts and will also involve family scion and developer Charlie Buxton.

https://www.realcommercial.com.au/news/buxton-family-office-and-jameson-ttb-unite-to-bolster-funds-management

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An artist's impression of Local's build-to-rent development at 350 Macaulay Rd, Kensington. Build to rent platform Local is forging ahead with its flagship project in Melbourne's inner northern suburb of Kensington with the group winning approval for its specialist complex and tapping builder Hacer to construct the units. The company has also won debt financing from NAB for the $315m mixed-use project at 346-350 Macaulay Rd in the bank's first such play in the nascent sector. The Hayball designed facility will have 477 apartments over six buildings.

https://www.realcommercial.com.au/news/local-wins-finance-for-315m-kensington-buildtorent-complex

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Industrial and warehousing land around the Fisherman's Bend precinct has been growing more valuable over the years. Rents in Melbourne's industrial precincts have soared 22-24 per cent in the past year and are forecast to surge as much as 13 per cent more this year. And with vacancy rates for some aspects of the industrial sector as low as 1 per cent, rising rents are expected to impact online shoppers. After high demand in 2022 fuelled by a boom in e-commerce, organisations that often support online shopping including transport, postal and warehouse operators have accounted for 71 per cent of leases in the city's warehousing hubs so far in 2023.

https://www.realcommercial.com.au/news/rents-are-forecast-to-jump-13-per-cent-this-year-for-certain-melbourne-properties

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GPT Group, led by Bob Johnston, is involved in one of the largest portfolio trades in industrial property in this half. Picture: James Croucher Listed property giant GPT Group is selling two eastern seaboard industrial parks to private equity real estate company NashCap for about $250m. The deal on a pair of properties in Sydney and Melbourne is one of the largest portfolio trades in industrial property in this half and shows the asset class is still attracting capital despite the slower pace of sales.

https://www.realcommercial.com.au/news/gpt-group-to-sell-industrial-parks-to-nashcap-for-about-250m

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Homemaker Prospect has been sold to AsheMorgan. Sales of the country's top shopping malls are in the doldrums but large format centres directed at meeting household needs are firing Property giant Dexus has sold a holding in the western Sydney suburb of Prospect for $78.9m. The listed group completed the sale of the Homemaker Prospect, and the appetite for the asset shows it is well positioned to benefit from resilient consumer spending even in the face of rising interest rates. It was picked up by real estate house AsheMorgan, which has built a track record in the once-overlooked sector.

https://www.realcommercial.com.au/news/homemakers-make-hay-as-bigger-mall-sales-stall

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United Petrol, Launceston is set to be sold under the hammer next week. Picture: Supplied A PORTFOLIO of cold storage and distribution facilities leased to Woolworths' subsidiary, PFD Foods are set to be sold under the hammer. The portfolio comprises 13 properties situated across several states, including one in a northwest Tasmanian agricultural hub, No.68 Goldie St, Smithton. The property is described as an 'entry level Woolworths investment' located in a high profile 998sq m highway site with a net income of $27,756 per annum plus GST.

https://www.realcommercial.com.au/news/auction-petrol-and-cold-storage-assets-lead-tas-opportunities

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Lendlease has been on the back foot as the cycle turns, but its local arm is chasing fresh property deals. Global developer and investor Lendlease in November gave a downbeat take on how its key units were performing in the harder global economy, but is flagging its local arm is open to chasing new private projects. The move is a tack away from its well-known focus on urban regeneration precincts in major cities. In this space, it sports a track ­record including Sydney's Barangaroo, and it is working on Melbourne Quarter, alongside mega-jobs in Britain and the US.

https://www.realcommercial.com.au/news/property-and-investor-group-lendlease-on-the-hunt-for-local-sites

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An Australian health food delivery business will flex its muscles with a new $55m facility in Western Sydney as it prepares to increase its output by 240 per cent. My Muscle Chef announced it would move into a new 'start-of-the-art' 10,000sq m manufacturing and logistics centre in Yennora, about 29km west of the Sydney CBD. The new move forms part of a plan to bulk up the business output from the current 500,000 meals per week to over 1.2 million, said chief executive Tushar Menon. The business had almost doubled year on year since 2019 when it was delivery about 75,000 meals per week, Mr Menon said.

https://www.realcommercial.com.au/news/my-muscle-chef-expands-into-55m-western-sydney-facility

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Lumber Punks Gold Coast owner Tyson McMillan. Picture: Jerad Williams A local investor has scored a $7 million bullseye with the off-market purchase of a prominent Miami site that is home to a popular axe-throwing club and long-standing fruit market. Harcourts Coastal Commercial agent Brandon Johnson negotiated the sale of the 2,414sq m freehold property across three titles at 44-48 Pacific Ave and 19 Ozone Pde. The site has been held since 2008 by a Burleigh Heads family, who also run the Pacific Ave Markets.

https://www.realcommercial.com.au/news/investor-cuts-7m-deal-for-axethrowing-club

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The Tote in Collingwood has been known as 'Melbourne's home of rock' since the 1980s. Iconic Collingwood hotel The Tote is on the cusp of being saved as 'a live music venue forever' by a pair of music industry identities negotiating a multimillion-dollar deal to buy it. The Last Chance Rock & Roll Bar's Shane Hilton and his partner Leanne Chance, who launched an online fundraising campaign to save the The Tote from being sold to developers, have raised more than $1.52m of their $3m target with 19 days to go.

https://www.realcommercial.com.au/news/the-tote-campaign-to-save-melbournes-home-of-rock-intensifies

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Pakenham's historic hotel, known recently as the Drake Tavern, has sold for more than $7m. Picture: The Drake Tavern A group of Pakenham locals have banded together to save the suburb's iconic local pub, colloquially known as ‘Purvies', amid a growing trend of restoring historic watering holes to traditional roots. The Pakenham Hotel was rebranded as the Drake Tavern, a modern gastropub-style bistro, 17 years ago before shutting its doors in April when its owners deemed the business 'unviable' off the back of Covid-19 lockdowns.

https://www.realcommercial.com.au/news/purvies-pakenham-watering-hole-to-reopen-as-traditional-pub-after-being-saved-by-locals-for-7m

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Property developer Aqualand will take on full responsibility for the Central Barangaroo development after the exit of Westfield shopping centre empire owner Scentre amid uncertainty about the outlook. The Sydney Harbour project is yet to get off the ground amid a tortuous fight over designs. The move by Scentre to exit leaves 100 per cent of the Central Barangaroo project in the hands of Aqualand. In October, Infrastructure NSW knocked back the latest set of designs for the site on the western harbour foreshore.

https://www.realcommercial.com.au/news/aqualand-takes-charge-at-central-barangaroo-as-scentre-exits

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A brothel for sale at 8 Yiannis Court, Springvale, has had the eye of investors since it hit the market late last month. Australia's one-time best brothel has come onto the market as a leading commercial property expert revealed sex dens have joined churches and childcare centres on investor shopping lists. Ray White Commercial head of research Vanessa Rader recently revealed the alternative properties were very much in investors' sights, as were carparking facilities, boarding houses, storage sites, petrol stations and even caravan parks.

https://www.realcommercial.com.au/news/australias-former-top-brothel-joins-churches-childcare-on-hot-property-list-ray-white

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176 Hubbe Rd, Stanley Flat. Picture: realestate.com.au A quirky Clare Valley property with a house, multiple cabins and a historic chapel is offering prospective buyers a chance to tap into the popular wine region's tourism industry. Known as Clare Valley Cabins, the 5.09ha Stanley Flat property at 176 Hubbe Rd has hit the market for the first time in 22 years. It includes a five-bedroom house, eight two-bedroom cabins and the restored 1860 White Hut Chapel, with its original organ, surrounded by bushland.

https://www.realcommercial.com.au/news/clare-valley-cabins-at-stanley-flat-offering-chance-to-tap-into-wine-regions-tourism-industry

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Investor's answer to the Barbie dream house … Huxley School of Makeup owner Michael Huxley is selling a unique property at Southport. Picture: Glenn Campbell This distinctive pink building is a Gold Coast entrepreneur's response to the rent crisis. Huxley School of Makeup founder Michael Huxley originally purchased the Southport property as premises for his educational facility, but instead set up rooms to rent for students struggling to find affordable accommodation. The property at 2 Deauville Dr is marketed for auction on August 25 by Kollosche Commercial agents, Adam Grbcic and Taylor Jones.

https://www.realcommercial.com.au/news/makeup-entrepreneurs-rosy-solution-to-gold-coast-rent-crisis

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Crowne Plaza is a key part of the Geelong Convention and Exhibition Centre. International Hotel Group will become the biggest global accommodation provider in Geelong within three years as plans for the city's convention and exhibition centre take shape. IHG is bringing its Crowne Plaza brand to Corio Bay with a 200-room hotel at the Geelong Convention and Exhibition Centre, due to open in 2026. A consortium including Plenary Group, Built, architects Woods Bagot, property management company BGIS and Quintessential Equity to deliver the landmark project, a private-public partnership partly funded under the Geelong City Deal.

https://www.realcommercial.com.au/news/geelong-hotel-boast-as-global-player-doubles-rooms-in-cbd

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An artist's impression of a potential development scheme for a Five Dock property on a Parramatta Rd site acquired by Deicorp. Sydney developer Deicorp is readying plans for a new precinct in Sydney's inner western suburb of Five Dock after snapping up one of the largest urban redevelopment sites in the city in an under the radar property purchase. The growing company outmuscled traditional apartment developers and build-to-rent operators to snare the site for about $260m in one of the largest sales this year.

https://www.realcommercial.com.au/news/deicorp-rides-into-five-dock-with-supersite-play

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A 5 acre property in Orchard Hills has sold $3.55m over reserve. A five acre property near Penrith has sold for $3.55m over its expected price. In what has been described by the agents as an 'electrifying auction' the property on Kent Rd in Orchard Hills sold for $15.05 million. It is a standout sale for the steady market in the area, however agents Colliers indicated that the property's significance was not solely the land size but the location opposite the Orchard Hills Metro Station, currently under construction and anticipated to open in 2026.

https://www.realcommercial.com.au/news/orchard-hills-5-acre-property-sells-35m-over-reserve

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An incredible adults-only ‘private-island' getaway just out of Sydney, that cost up to $2000 a night to stay in five-star tents and bungalows, is up for grabs. The ‘Marramarra Lodge' features eight safari tents and six cabins in an exclusive Hawkesbury River location. The guide for the sale is $7.5m-$7.7m. Tim Andrews, listing agent at LJ hooker Terrigal said the current owners spent millions updating the property. The privately accessed ‘Marramarra Lodge' on the Hawkesbury River. Marramarra Lodge currently features 8 safari tents and 6 bungalows.

https://www.realcommercial.com.au/news/2k-a-night-adultsonly-sydney-getaway-up-for-grabs

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124 and 128 Alice Street, Goodna, is now owned by its neighbour Westside Christian College. A Greater Brisbane private school has beaten six other buyers to snap up a massive 1.96ha neighbouring site which had been earmarked as a potential 32 lot residential subdivision. The highly regarded school in Ipswich in the Greater Brisbane region paid $2.5m for the site which was designated residential low density with preliminary conceptual plans for a housing subdivision. MORE: Dilapidated Brisbane home listed for $1.

https://www.realcommercial.com.au/news/private-school-beats-six-other-buyers-to-snap-up-subdivision-site

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An artists impression of a potential transport facility at 35 Crowle St, North Geelong. Geelong's port operator is touting a strategic site for a purpose-built logistics hub next to the Spirit of Tasmania terminal at Corio Quay. The 38,000sq m parcel of land at 35 Crowle St, North Geelong , would allow occupants to design and built their own purpose-built facility within the GeelongPort site on Corio Bay. CBRE agents Todd Grima, Harry Kalaitziz and Tom Hayes are calling for expressions of interest to lease the property, closing November 1.

https://www.realcommercial.com.au/news/geelongport-offers-strategic-hub-next-to-spirit-of-tasmania-terminal

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106 Glen Osmond Road, Parkside. Pic: realestate.com.au The purr-fect investment doesn't exist, or does it? With an annual rent return of $82,634.75, seven individually leased tenancies in place, including popular cat cafe, MeowMe, 106 Glen Osmond Road, Parkside , has all the makings of the perfect investment – and buyers seem to agree. 106 Glen Osmond Road, Parkside. Pic: realestate.com.au 106 Glen Osmond Road, Parkside. Pic: realestate.com.au 106 Glen Osmond Road, Parkside.

https://www.realcommercial.com.au/news/purrfect-investment-property-and-home-of-meowme-cat-cafe-up-for-grabs-in-parkside

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340-344 Melbourne Rd, North Geelong, has been listed for sale. Change is coming a landmark North Geelong retail site after it was sold to a Melbourne purchaser. The former Melbourne Rd home to Ray's Outdoors is expected to be carved into several individual showrooms to maximise to use on the 5600sq m site, Gartland, Geelong selling agent Michael De Stefano said. The property at 340-344 Melbourne Rd, North Geelong sold for $5.8m, Mr De Stefano said. 'It sold to a Melbourne purchaser who is likely to develop it into some showrooms,' he said.

https://www.realcommercial.com.au/news/showroom-carve-up-tipped-as-huge-north-geelong-retail-site-is-snapped-up

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Commercial Hotel, Halifax It is cheaper to buy a pub with 12 bedrooms in North Queensland than it is to buy an average house in 868 suburbs. The Commercial Hotel in Halifax is listed for $350,000 — less than a run-of-the-mill house in Bundaberg, Cairns North and South Townsville. And you could buy 11 pubs for the median house price in Queensland's most expensive suburb, Teneriffe. On a 2331sq m block, the hotel is being sold as a vacant possession. 'Love to fish, love beer, room to move,' the listing by Explore Property Cairns agent Belinda Andersen says.

https://www.realcommercial.com.au/news/the-qld-pub-thats-cheaper-than-an-average-house-in-868-suburbs

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