Auctioneer Raoul Salter calls for bids at the freehold at 77-79 Little Malop St, Geelong, home to Beavs Bar. A Melbourne-based investor has snapped up the freehold property that's home to Beav's Bar in Geelong's Little Malop St The buyer was the only person to raise a hand at Friday's lunch time auction for the prime central Geelong property. A bumper crowd which drew plenty of people, including real estate agents and property valuers, out of nearby offices, witnessed the property at 77-79 Lt Malop St passed in for $3.

https://www.realcommercial.com.au/news/home-to-popular-bar-in-geelongs-west-end-sells-at-auction

#realcommercial

Ray White Double Bay's Adam Reichman had a $14m guide. It sold for circa $16m. High-profile property developer Rafi Assouline has sold a block of apartments at a prominent Bondi Beach site for circa $16m — $2m more than the price guide. The block of nine — eight one-bedroom unit and one two-bedroom courtyard units — at 1 Jaques Ave , a block from the beach, went to August 24 auction with a $14m price guide via Ray White Double Bay's Adam Reichman. At the auction, there were two registered parties, including an overseas-based buyer, though neither made a bid.

https://www.realcommercial.com.au/news/property-developer-rafi-assouline-sells-bondi-beach-apartment-block-for-circa-16m

#realcommercial

Landlords are competing against remote and hybrid work arrangements to get workers back into the city full time. On-site skin specialists, dentists, childcare and other left field options are among the services commercial property owners have been warned may be necessary to lure more workers back into CBD offices post-Covid. Concerned about a perceived dwindling in productivity, office landlords need to reimagine the concept of ‘the workplace' to get workers out of the spare rooms and into the city, according to Natalie Slessor, Executive Managing Director at CBRE Pacific.

https://www.realcommercial.com.au/news/commercial-offices-onsite-specialists-dentists-childcare-to-get-workers-back

#realcommercial

The prized merino sheep stations Boonoke and Wanganella are being listed following the death of stockbroker Colin Bell, while his estranged wife Donna-May Bolinger continues her claim against his residential estate. Bell held a stake in the massive Riverina and central-west NSW farming portfolio near Deniliquin, Hay and Coonamblem that stretches 225,405ha. The 18 Australian Food and Agriculture Company (AFA) farms extend over 306 titles that could be worth in excess of $700 million, depending on the water entitlements and crops and livestock, according to Linda Rowley from the website Sheep Central.

https://www.realcommercial.com.au/news/700m-sheep-stations-for-sale

#realcommercial

No.530 Waddamana Rd, Hermitage. Picture: Supplied IT has been three decades since this Central Highlands property was last on the market — and its next owner could come from an array of different sectors. The historic Hermitage farm is 4353ha, and so large that it was gazetted as a locality of its own in 1966. Currently, it is the most expensive property for sale in Tasmania on realestate.com.au. It is listed for sale with Rob Dixon and Mark Ranicar of Knight Frank Tasmania, with expressions of interest closing in early November.

https://www.realcommercial.com.au/news/extraordinary-hermitage-farms-first-time-on-market-in-32-years

#realcommercial

Little Norfolk Bay at No.5927 Arthur Hwy, Taranna, is on the market. Picture: Supplied FOR anyone seeking a lifestyle change in Tassie, this could be the perfect opportunity. Taranna's Little Norfolk Bay is an events and accommodation venture — well-established and located in a gorgeous corner of Tasmania. Alongside its four luxury chalets, the property also has a caretaker's residence. Kate Storey Realty director, Kate Storey, said it would be ideal for a 'lifestyle charger'. 'A buyer seeking some of the cleanest air in the world and wanting to step back and enjoy life and coastal living, would be perfect,' she said.

https://www.realcommercial.com.au/news/lifestyle-changer-make-your-move-before-sydney-qld-buyers

#realcommercial

A deceased estate in the Hills District is for sale with approval for 16 housing lots. One of the Hills Shire's most recognisable properties has been listed for the first time, with developers tipped to line up in droves. Set on a 12,031sq m block and with three street frontages, the site at 2 McIntyre Pl in Castle Hill is a deceased estate which has a residential dwelling, tennis court and swimming pool as well as landscaped surrounds. The property comes with an approved development application (DA) and construction certificate (CC) for 16 residential housing lots.

https://www.realcommercial.com.au/news/deceased-estate-in-castle-hill-listed-with-approval-for-16-housing-lots

#realcommercial

The upcoming sale of a key asset in one of Geelong's most prominent industrial precincts opens the door to fresh development in the area. Local and Melbourne buyers are among those mulling options for the 5878sq m parcel of land with a warehouse at 156-162 Marshalltown Rd, Grovedale. The Industrial 1 zoned property is expected to sell for circa $6m. Colliers selling agents Ned Tansey and Jonathon Lumsden said the location and versatility of the site was the key for buyers. It is surrounded by prominent national brands including Total Tools, National Tiles, IGA, Bounce and Barbeques Galore.

https://www.realcommercial.com.au/news/prominent-neighbours-underscore-value-of-prime-grovedale-industrial-site

#realcommercial

A new Woolworths shopping centre in the Illawarra/Shoalhaven region has sold for $40m. A brand new Woolworths shopping centre in the Illawarra-Shoalhaven region has sold before it had a chance to hit the public market. The three-year-old Woolworths Bomaderry Shopping Centre was quickly snapped in an off-market sale for $40 million to a Victorian private investor. Constructed in 2020 by Fabcot, the shopping centre is anchored by a Woolworths and BWS, and also has a gym, medical centre, pharmacy and four specialty tenants.

https://www.realcommercial.com.au/news/woolworths-bomaderry-shopping-centre-sells-for-40m

#realcommercial

It started off with two houses to make way for a triplex, but then the neighbours got excited and five homeowners ended up with a surprise windfall totalling $31,750,000. Ist City Projects partner Yaron Foghel was approached by developer DCN Capital to secure a quality new site to make way for the boutique block of three units with views. 'I knew one of the owners at 3 Andrews Ave and he was open to the idea, so he suggested we have a meeting with his neighbour at No.1,' Foghel said. Those homes were attractive because they were north-facing; in a small, quiet cul-de-sac; only a few hundred metres to Totti's Restaurant; and ideally positioned between Bondi and Tamarama beaches.

https://www.realcommercial.com.au/news/bondi-homeowners-reap-3175m-to-make-way-for-11-luxury-apartments

#realcommercial

Sales image from inside a former Sydney brothel which sold for $5.6m. A former Sydney brothel which ran for 20 years, describing itself as a 'space to blow clients' minds', sold for a massive price. Property records reveal the former 'erotic venue' on Victoria Ave Chatswood sold for $5,610,000 at auction in April. The site near the Chatswood CBD, which was vacant at the time of sale, is alleged to have operated for close to 20 years and had eight showers and multiple rooms of mirrored walls.

https://www.realcommercial.com.au/news/former-chatswood-brothel-site-sells-for-more-than-5m

#realcommercial

145 – 153 Sutherland Road, Jannali, NSW 2226 A rare slice of land in southern Sydney has sold for just $3.99 per sqm, in a jawdropping sale that 'will never be seen again'. Buyer's Agent Tas Costi of Costi Cohen has secured for a client 10,270 sqm of land in the Sutherland Shire at auction for just $41,000 – that's around 5 per cent of the median value of a Sydney home. Costi said the property at 145 – 153 Sutherland Road, Jannali , 'presented a rare opportunity to secure a significant C2 Zoned land close to Jannali Train Station and multiple community facilities'.

https://www.realcommercial.com.au/news/10000-sqm-for-41k-sydneys-mindblowing-property-buy

#realcommercial

A site on Sydney's North Shore with luxury development approval is on the market. A North Shore site with the green light for a luxury development has been described as 'one of the most compelling' on the market. The site is in the heart of Crows Nest, at 82-90 Alexander St , with approval for a boutique development to include 25 luxury apartments and ground floor retail. With a combined over 1200sq m and the ability to generate substantial holding income, the agents say 'this will be one of the most compelling development offerings brought to market this year'.

https://www.realcommercial.com.au/news/crows-nest-luxury-development-site-on-alexander-st-comes-to-the-market

#realcommercial

Late-night institution the Embassy Cafe is up for sale. The future of late-night Melbourne institution the Embassy Cafe has been brought into question after the famous site was served up to the market. Operating out of a prime location on the corner of Spencer and Roden Streets since 1962, the CBD stalwart and an adjoining service garage on a separate title could sell for a total of about $6m. But with the Embassy now on a month-by-month lease term, it has raised questions about the future of the 24/7 cafe as developers and investors eye off the combined properties.

https://www.realcommercial.com.au/news/embassy-cafe-latenight-melbourne-institution-24hour-diner-served-up-to-market

#realcommercial

A mural by artist Angus White is painted on 367 St Georges Rd, Fitzroy North. A house and shopfront in Melbourne's inner north featuring a colourful mural paying homage to its history as a toy manufacturer has hit the market. The double-storey Victorian-era building at 367 St Georges Rd, Fitzroy North , is located in a commercial one zone. Nelson Alexander's Janine Ballantyne said the home was originally built as a toy workshop. RELATED: Melbourne murals: Street art draws in buyers as Rone rooftop terrace goes on sale Nonna's House: Italian sandwich shop run out of Fitzroy North home served up to market After buying the property seven years ago, the owners undertook an 'extensive renovation' which transformed it into a three-bedroom house and workspace.

https://www.realcommercial.com.au/news/fitzroy-north-playful-mural-adorns-extoy-manufacturer-building-turned-into-home-and-shopfront

#realcommercial

The warehouse shell at 85-89 Faraday St, Carlton, is in a former tie factory. A historic Carlton warehouse shell featuring graffitied interiors that has seen better days is for sale with a $2.7m-$2.9m asking range. With 340sq m of floor space, the building at 85-89 Faraday St is part of a larger site that was developed into a watch case factory by businessman George Tilley in 1941. After making products for the likes of Rolex, the location became home to Austico Tie Company, now Austico Apparel, which manufactured ties and men's accessories.

https://www.realcommercial.com.au/news/carlton-heritagelisted-former-tie-factory-featuring-graffiti-terrace-house-could-sell-for-27m

#realcommercial

Chateau Barossa and Lyndoch Hill are up for grabs. Picture: supplied. It's long been regarded as one of the Barossa's most iconic tourism venues, famously opened by Queen Elizabeth two decades ago. But now, Chateau Barossa and Lyndoch Hill are ripe for the picking with cashed-up buyers sought to take over the historic estate. Offered to the market for the first time in 15 years, the 10.12ha property at 1221 Barossa Valley Way, Lyndoch , is expected to fetch well over $11m, with buyer interest already being fielded from Australia and overseas.

https://www.realcommercial.com.au/news/chateau-barossa-and-lyndoch-hill-offered-to-market-for-first-time-in-15-years

#realcommercial

One of the venues that was a pioneer to Geelong's West End hospitality and entertainment strip has been listed for sale. The freehold to the home of Beavs Bar at 77-79 Lt Malop St will be offered at auction on October 6. The popular bar is not part of the sale and continues to operate under an existing lease. Darcy Jarman Newtown agent Tim Darcy said the 1877 landmark is expected to eclipse other properties that have sold in the vicinity in Geelong's CBD in recent months, due to the fact it holds a liquor licence.

https://www.realcommercial.com.au/news/home-to-popular-bar-in-geelongs-west-end-precinct-is-selling

#realcommercial

A FARM in a container comes with many upsides, and there is one for sale in Tasmania. Its representatives believe it is a one-of-a-kind of this size in the state. The climate-controlled, insulated container farm — known as Vertical Pastures — measures 40-feet x 8-feet and 9.5-feet high. Praveen Pant and Paul Scott from Tasmanian Business & Property Sales say it can yield up to the equivalent of over 1ha of farmland using only 18 litres of water per day. 'That is about 1 per cent of the water used in a traditional farm,' Mr Pant said.

https://www.realcommercial.com.au/news/vertical-pastures-farmings-bold-future-has-landed

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial

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

#realcommercial