The following is a selection of some of our recent sales and lettings:
Refurbished Suites Attract Tenants in Epping
Sep 2019 – Following a series of deals only 3 office suites now remain on level 3, 16-18 Cambridge Street. The leasing success follows refurbishment into 8 office suites of bewteen 60 and 80sqm. The property is opposite Epping rail station and the new North West Metro Line.
500sqm Leased & 675sqm Agreed at 1 Chandos Street
Sep 2019 – We have leased 2 suites of 214sqm & 286sqm at 1 Chandos Street, St Leonards at rents of $550 and $595/sqm. Terms have also been agreed for 2 further suites of 354sqm and 320sqm.
North Sydney Freehold Sold for over $10m
Aug 2019 – Following a keenly contested Expressions of Interest campaign we have sold 83 Walker Street for over $10m. We have managed and leased the property for a private client who had owned the property since the late 1970’s. The purchaser, a Sydney based developer / investor will be looking at the medium term development potential of this strategic site.
338sqm St Leonards Offices Leased
July 2019 – Drew Divers has leased 338sqm at 60 Pacific Highway, St Leonards to Wagecover at a rent of $786/sqm gross.
Ultimo Sales for $7m
July 2019 – On behalf of a private client we have sold 617 Harris Street and 423-427 Harris Street, Ultimo for a combined $7m. The properties had been run for some years as student accommodation.
1,900sqm Leased in Multiple Deals in Chatswood
June 2019 – In a series of deals, Adam Ray has leased over 1,900sqm at 1-5 Railway Street, Chatswood this year. The deals have been helped by being able to offer various sizes on a refurbished floor with some suites having a fit-out. Rents were around $585/sqm gross.
Northbridge Strata Sold $2.45m
Apr – 2019 – Ground floor offices of 333sqm + 7 car spaces sold to a purchaser who will occupy once the lease expires in 2020.
650sqm Leased in North Sydney
Mar 2019 – Drew Divers has introduced ERM as a tenant for 651sqm at 201 Miller Street, North Sydney. A 5 year lease was agreed at $690/sqm net.
2,600sqm Pre-Leased at North Shore Health Hub
Feb 2019 – Hartigan Bolt was pleased to assist Dexus with the pre-leasing of more than 2,600sqm at their North Shore Health Hub development at which construction has now commenced.
47a Penrose Street, Lane Cove Sold $3.6m
Feb 2019 – 2 storey office building of 717sqm on a site of 1,100sqm – Leased to 4 tenants with net income of approximately $175,000 p.a. – Sold for $3.6m.
Over 17,000sqm Leased in 2018
Jan 2019 – Our leasing teams in North Sydney & Chatswood secured tenants for more than 17,250sqm across the North Shore in 2018. Of this over 5,200sqm was leased in St Leonards and Crows Nest. Activity increased in suburban locations such as Lane cove and Macquarie Park where we leased more than 4,500sqm.
450sqm Leased in Crows Nest
Oct 2018 – Drew Divers has leased 450sqm at 306 Pacific Highway to Markwell Foods at a gross rent of $450/sqm.
405sqm Leased in Walker Street
Oct 2018 – Rupert Lore has introduced The Media Store as a tenant for 405sqm at 110 Walker Street at a rent equating to $702/sqm gross.
47a Penrose Street, Lane Cove – Leased & Sold
Oct 2018 – Following the leasing of a vacant suite of 162sqm the entire freehold totalling 717sqm has been sold for $3.6m.
7-9 Orion Road, Lane Cove – Fully Leased
Aug 2018 – Following lettings of 676sqm to Glasscott Lanscaping and 1,4446sqm to Trans Chem, 7-9 Orion Road is now fully leased. Warehouse rents have reached $270/sqm and the offices on L1 achieved $300/sqm.
750sqm Leased to Oroton
May 2018 – Adam Ray has leased 750sqm to Oroton at 58 Victoria Street, McMahons Point at a gross rent of $480/sqm.
Retail Warehosue Investment Sells at Sub 4% Yield
Apr 2018 – On behalf of a private client we have sold 55 Blaxland Road, Campbelltown for $2.6m. The property occupies a 2,000sqm site leased to horticultural suppppliers ACE Ohlsson. Neighbouring occupiers include Thrifty, a new Jaguar Land Rover dealership and Macarthur Ford. The sale showed a tight yield of under 4% which reflecetd a passing rent that was below market.
Over 5,000sqm Leased
Apr 2018 – In a busy start to the year our leasing teams have leased over 5,000sqm so far across the North Shore. Highlights have included 1,037sqm leased at 7-9 Orion Road, Lane Cove, 620sqm leased at 71 Longueville Road, Lane Cove and 397sqm leased at 11 Talavera Road, Macquarie Park. Recent deals in St Leonards include 518sqm at 14-16 Chandos Street and 317sqm at 55 Chandos Street.
Series of Strata Sales at Year End
Dec 2017 – In a series of sales we have sold a strata office of 245sqm at 12 Mount Street, North Sydney for $1.97M plus strata offices of 151sqm and 318sqm at 30 Atchison Street, St Leonards for $1.0M and $2.05M respectively.
Over $700/sqm Achieved at 75 Miller Street
Oct 2017 – Suite of 170sqm at 75 Miller Street, North Sydney leased at a gross rent equating to $721/sqm
635sqm Leased at 11 Help Street, Chatswood
Sept 2017 – AFEA has leased 635sqm of offices at 11 Help Street at a gross rent of $452/sqm.
Crows Nest Freehold Sells for $3.56M
Sept 2017 – 374 Pacific Highway is located almost opposite the future Crows Nest Metro Station. It comprises a vacant retail unit plus flat above ona site of 145sqm
3 Apollo Place, Lane Cove Sold $15.1M
Aug 2017 – Fully refurbished office building of 3,000sqm sold with long term lease over 50%
Leasing North Shore Health Hub for Dexus
Jul 2017 – On behalf of Dexus we have been appointed to invite pre-lease interest in their proposed Health Hub development situated next to Royal North Shore Hospital. The development comprises 2 towers with 10,200sqm in Tower A.
New Managements in Chatswood & Lane Cove
Jul 2017 – Our Management Team has taken on a number of new appointments in the last 6 months. These include a number of Industrial properties in Lane Cove West. Other new managements include 11 Help Street, Chatswood a 7 level office building of 7,460sqm.
Industrial Investment Sold for $18.2M
Jul 2017 – On behalf of Desane Properties we have sold 7-9 Orion Road, Lane Cove for $18.2M. The 4 unit industrial complex provides a total of 5,766sqm with a mix of warehouse and offices. The property was sold at a fully leased yield of approximately 5.5%.
Strata Investment Sold for Over $2M
July 2017 – We have sold a ground floor strata office of 333sqm + 7 car spaces at 60 Strathallen Avenue, Northbridge for $2.09M. The property was sold with a 3+3 year lease at a rent of $162,450 p.a. gross.
91 Mars Road, Lane Cove – Sold for $24M
July 2017 – In a sale and leaseback deal we have negotiated the sale of 91 Mars Road, Lane Cove West for $24M. The 7,850sqm industrial and office complex was sold with a 5 + 3 year lease at a rent of $1.25M p.a. net.
2,250sqm Leased in Artarmon
Jun 2017 – In a deal that took almost 12 months to reach completion Richard Crookes Construction has leased 2,250sqm at 4 Broadcast Way, Artarmon.
2 Apollo Place, Lane Cove – Sold $13.5M
Apr 2017 – In an off-market deal we have negotiated the sale of 2 Apollo Place to a long term investor. The almost 4,000sqm office building is leased to Optus at a rent of approximately $940,000p.a.
Lease Deals in Lane Cove West
Mar 2017 – Demonstrating that as the leasing market improves activity tends to radiate out we have agreed a number of lettings in Lane Cove West. At 11-13 Orion Road we have leased 530sqm to Australian Trefoil Health, at 15-17 Chaplin Drive 253sqm has been leased to Comvision and at 15 Orion Road 156sqm leased to UniChi.
Massive! Lease Deal in North Sydney
Mar 2017 – We have leased 380sqm at 2 Elizabeth Plaza, North Sydney to Digital Massive. The deal was agreed at a gross rent of $684/sqm.
Strata Investments Attract Strong Interest
Feb 2017 – Commercial strata prices are catching up with freehold rates and the State Government’s changes to Strata Legislation has helped to increase demand for strata. At the end of 2016 we sold a whole floor strata at 73 Walker Street, North Sydney for $1.75M. We have also sold a whole floor strata investment at 39 Hume Street, Crows Nest for $1.95M. This sale equated to over $8,000/sqm boosted by being opposite the future Sydney metro Sttation.
Over 20,500sqm Leased in 2016
Jan 2017 – Our leasing teams in North Sydney and Chatswood finished the year by completing over 20,500sqm of lettings across the North Shore an increase of 8% on 2015 which was also a strong year.
Notable lettings in the last quarter on 2016 included; 1,158sqm leased to Nextgen at 99 Mount Street, North Sydney and 500sqm leased to Outperformers at 111 Union Street, McMahons Point.
Freehold prices jumped higher again in the second half of the year and not be outdone strata prices have also risen strongly as evidenced by 2 deals at the end of the year we sold a whole floor strata investment in North Sydney for $1.75M and another whole floor strata investment at Crows Nest for over $1.9M.
These sales showed the depth of demand for all forms of commercial property as buyers chase yield in a low interest rate world.
Yields Tighten & Prices Reach New Highs
Aug 2016 – The commercial market continues to set new bench marks in terms of prices and yields as purchasers compete to enter the commercial market.
In the last 3 months we have concluded over $30M of sales to investors and owner occupiers with results exceeding expectations.
We have seen yields regularly fall below 5%. Our sale of 110-112 Willoughby Road Crows Nest at $5.61M equated to a yield of 3.85%. This increase in prices is driven by a lack of property being offered for sale, lower interest rates and the desire to own a tangible asset.
Over 10,000 sqm Leased in First Half of 2016
July 2016 – Vacancy rates across the North Shore continue to fall and leasing markets are stronger than they have been for many years.
This improvement is helped by the strength of Sydney’s economy where the unemployment rate has fallen to 5.2% the lowest rate in Australia.
Tenant demand is being boosted by older office buildings being re-developed for residential. A recent examples is 504 Pacific Highway, St Leonards a 10,00sqm office building which has been vacated and is now being demolished.
The Sydney Metro is having a similar impact with numerous tenants having to vacate buildings in North Sydney, Crows Nest and Chatswood pending demolition in early 2017.
This forced moving of tenants is creating additional demand and has been the motivating factor behind 27% of our lettings this year. Overall our leasing team has leased more than 10,000 sqm in the first half of 2016 an increase of 12% compared to this time last year.
Dulux Leased Investment Sold For $11.4M
July 2016 – We have sold at Auction 232-236 Cleveland Street, Chippendale for $11.4M equating to an initial yield of 4.1%. The property is majority leased to Dulux whose lease runs to 2020 with a further 5 year option. The other major attraction was the site area of 1,151sqm and the long term potential for further development in this popular City fringe location.
Crows Nest Development Site Sold
July 2016 – In a deal that was set up almost 2 years ago Winten Property Group has exchanged the option to acquire 31 and 33 Albany Street for close to $10M. We negotiated the sale on behalf of the 2 adjoining owners. together the properties have a site area of 683sqm and Winten is at an advanced stage in securing development approval for a mixed residential and commercial scheme.
Over 10,000sqm Leased in First Half of 2016
July 2016 – Activity by our leasing teams in North Sydney and Chatswood continues to grow and is running 12% up on this time last year. Almost 28% of current lettings are to tenants that have to move due to their current buildings being redeveloped. This trend will continue as over 20,000sqm of commercial tenants in North Sydney and Crows Nest will have to move to make way for the construction of the Sydney Metro.
2 Sales in Hume Street, Crows Nest
March / April 2016 – We have sold 35 Hume Street for $3.55M. The property totals 644sqm with 4 cars spaces and is fully leased to 6 tenants with an income of approximately $190,000 p.a.. The sale reflects a yield of approximately 5.3% net. Following this sale we have sold 65 Hume Street for $3.7M. The property totals 612sqm with a fully leased income of approximately $200,000 p.a. Both sales in Hume Street reflect a capital rate of around $12,000 per sqm on site area.
Owner Occupiers Buy
March 2016 – It is not just investors and developers that are keen to buy commercial property. Many businesses are taking advantage of low interest rates to buy for owner occupation. In Lane Cove we have sold 3 Apollo Place a building of just over 3,000sqm for $5.6M and at Jones Bay Wharf, Pyrmont we have sold a strata office of 600sqm for $3.4M.
115 Alexander Street, Crows Nest Sold – $4.4M
Feb 2016 – Impressive 2 storey retail and office building of 679sqm with Just Bathroomware occupying the ground floor. This fully leased investment returning approximately $259,000 p.a. was sold for $4.4M reflecting a yield of approximately 5.9%
950sqm Letting In St Leonards
Jan 2016 – On behalf of the National Farmers Association we have leased a whole floor of 950sqm at 40 Oxley Street, St Leonards to Jord Engineering. the deal was struck at a gross rent of $505 per sqm with a market incentive.
Over 19,000sqm Leased in 2015
Jan 2016 – Our North Sydney and Chatswood leasing teams secured tenants for over 19,000sqm of offices in 2015 an 11% increase on the previous years. Notable trends included the strength of the Chatswood market wheer we leased over 5,700sqm St Leonards and Crows Nest were also very active with more than 7,600sqm being leased.
Sydney Metro Adds Fuel To Already Strong Market
Dec 2015 – Our end of year Market Report highlighted the positive impact of the Government’s announcement of the locations of the future Sydney Metro Stations. In addition to providong a much needed boost to future infrastructure the project will involve the compulsory acquisition of a lareg number of proeprties for teh construction of teh tunnelling and ststaions. We estiamte this will result in over 20,000sqm of commercial tenants having to relocate in a market taht is already tightening. Further information can be found in the link to our Dec 2015 Market Report on teh Home Page.
Market Report Published
Aug 2015 – Further information on the North Shore commercial markets can be found in our latest Market Report which is available on our Home Page. The report highlights the resurgent leasing markets where vacancy rates have now fallen to a level where some owners can start to increase rents. We do caution that not all markets are running at the same point and increased supply in the City where Barangaroo and other developments are coming on stream could affect nearby North Sydney. In the sales market we comment on the increase in demand which has seen prices jump higher again and possibly reach the point where they may level out until rents increase. That said the level of demand for all forms of property is far higher than the amount of property being offered for sale.
Crows Nest Retail Sold at Auction
Aug 2015 – Following heated bidding at auction, 497 Pacific Highway, Crows Nest was sold for $3,825,000. The prime, ground floor retail is occupied by long time tenant Villa Interiors. The property has a site area of 321 sqm with potential for future development.
174 Pacific Highway, St Leonards Sold for $8.5M
Aug 2015 – The sale of 174 Pacific Highway was helped by our leasing team finding a tenant for the final space on the top floor. The 320 sqm letting resulted in the building being fully leased with a net income of approximately $671,000 p.a. The building sold following an EOI campaign for $8.5M reflecting a yield of approximately 7.8%.
Over 13,000sqm Leased
Aug 2015 – Demand for office space is continuing to run at record levels with most markets seeing strong activity. So far in 2015 our leasing teams have leased over 13,000 sqm of space an increase of almost 30% compared to last year. Our new Chatswood office has already leased over 4,600 sqm in Chatswood and Artarmon. In St Leonards & Crows Nest we have leased over 5,000 sqm.
Appointed to Manage 407 Pacific Highway
Aug 2015 – Following our successful sale of 407 Pacific Highway (see below) the purchaser has retained our management team to manage the 6,000 sqm office building. One of the features of the building is that a major tenant, that is on a long lease has decided for corporate reasons to vacate. Our team will be looking to see if we can use this to enhance the lease and income profile.
Crows Nest Freehold Sold For $2.9M
July 2015 – The sale of 14 Hayberry Street, Crows Nest attracted strong interest from purchasers that are looking to convert the stunning first floor into a residence and keep the ground floor commercial. The former Salvation Army Hall was superbly converted into creative office space in about 1990. It provides approximately 600 sqm of contemporary offices featuring exposed rafters and pitched roof to the first floor. The property has short term leases over the majority offering the potential for owner occupation / investment or conversion (STCA). The site is zoned Mixed Use and the building is heritage listed. The property was sold at auction for $2.9M on 21 July.
407 Pacific Highway, Artarmon – Sold for $16.1M
June 2015 – Following a successful leasing campaign in which 50% of the building was leased in the last 2 years we have now successfully sold the fully leased office building at 407 Pacific Highway, Artarmon for $16.1M The almost 6,000 sqm, 5 storey office tower is leased to 5 tenants plus cafe on leases with an average expiry of 5 years. The purchase price reflected a sub 6% yield which will increase as lease incentives fall away.
June 2015 – Having expanded in late 2014 with the opening of an office in Chatswood we are already seeing positive results with leasing activity up 10% on the same period last year and almost 30% of our leasing in 2015 being in Chatswood or Artarmon. Our Chatswood team under Nicole King’s guidance comprises Kim Huynh and Bianca Engmann. Notable deals include 450 sqm leased at 1-5 Railway Street to E Webb.
Our leasing teams across North Sydney and Chatswood currently have a record level of active tenant enquiry with requirements totalling in excess of 11,000 sqm. This supports our view that the office markets are steadily picking up as Sydney benefits from the growth in the residential market and service sectors of the economy.
1,200 sqm Letting to Prime Constructions
May 2015 – On behalf of Denison Funds Management Chris Hartigan has leased 1,200 sqm at 407 Pacific Highway, Artarmon to nearby occupier Prime Contructions. Prime will undertake an extensive fit-out of their space which is over 2 levels and will include an internal stair case. the deal was struck at a net rent of $210 psm and takes 407 Pacific Highway to 100% occupancy.
Busy First Quarter For Leasing
April 2015 – Our Leasing Team which now totals 5 agents under Chris Hartigan’s direction have leased over 5,000 sqm of offices in the first quarter on 2015 an 11% increase on this time last year which was also a record year. This level of activity bodes well for the North Shore office market which is steadily reducing vacancy rates and moving into a stronger period for owners.
St Leonards Freehold For Sale
April 2015 – We are offering for sale a 1,900 sqm office investment at 174 Pacific Highway. Situated close to Royal North Shore Hospital and St Leonards station the property is 83% leased to 3 tenants. The estimated net income is $676,000 p..a (fully leased). the property is being offered for sale by EOI closing on 14 May.
Campsie Retail Sells at Auction for $5.4M
March 2015 – 206-210 Beamish Street a double fronted retail property has sold at auction for $5.41M. Two parties competed strongly for this prime retail property adjoining Westpac and CBA.
Crows Nest Strata Investment Sold $730,000
March 2015 – 196 sqm strata office on level 4 of 10-12 Clarke Street. Leased to 2017 with a net income of approximately $60,000 p.a. – Sold for $730,000 – 8.26%
Ryde Sells For Over $7M
Jan 2015 – 19 Devlin Street, Ryde an office investment leased to the Commonwealth Government has been sold for over $7M. The sale showed an initial return of just over 7% net with future development potential.
Leasing Up 20%
Jan 2015 – Our leasing team continues to grow and finished 2014 by leasing more than 17,000sqm of offices across the North Shore. This represented a 20% increase on the previous year.
2 Sales in Crows Nest
Dec 2014 – 121 Alexander Street has been sold for $3.03M. The 665sqm office building produces an income of approximately $220,000 p.a. and showed a yield of 7.25%. A strata, retail investment at 360 Pacific Highway has been sold for $1.48M. The tenant Sydney Side is paying $107,000 p.a. net showing an initial return of 7.25%.
Chatswood Office Opens
Oct 2014 – To improve our coverage of Chatswood and the Upper North Shore we have opened an office at 1-5 Railway Street, Chatswood. Under the leadership of Nicole King and with new recruit David Vinson the office will focus on leasing and sales.
Northbridge Sells For Over $13M
Sep 2014 – On behalf of Centuria Funds we have sold an office investment at 115 Sailors Bay Road, Northbridge for over $13M. The property total approximately 2,500 sqm with a high percentage of medical tenants. In Crows Nest we have sold 121 Alexander Street for just over $3M. We had previously sold the property in 2006 for $10.6M.
Leasing Continues Its Strong Run
Aug 2014 – While landlords are still having to be competitive to secure tenants our leasing team is at least seeing a high level of activity. We are leasing over 1,200 sqm each month and the number of deals completed almost equals the total for last year.
31 Atchison Street Sold
July 2014 – Following our sale, at the end of last year of 23-29 Atchison Street we have now sold the adjoining property 31 Atchison Street for future development.
North Sydney Lettings
July 2014 – Recent lettings in North Sydney include; 214 sqm at 75 Miller Street, 287 sqm at 146 Arthur Street, 299 sqm at 110 Walker Street and 2 deals of 480 sqm and 219 sqm at 194 Miller Street.
34 Chandos Street Sold For Close To $11M
Apr 2014 – On behalf of Denison Funds Management we have sold 34-36 Chandos Street, St Leonards. The 2,079 sqm office building is fully leased to Aspen Pharmacare a substantial South African listed company. The 5 + 5 year lease to 2019 produces a net income of approximately $1M P.A..
Number of Lease Deals Completed Doubles
Apr 2014 – Our leasing team has continued its strong start to the year and has now completed more than 34 lease deals in the first 4 months of the year.
Neutral Bay Site Sells For $4.5M
Apr 2014 – Following more than 130 enquiries and over 20 offers 128 Military Road has been successfully sold for $4.5M. The site totals 640 sqm and has potential for a mixed residential and commercial development.
17 Lease Deals Already Done
Mar 2014 – In a busy start to the New Year our leasing team of Adam Ray, Drew Divers, Nicole King and Jasmine Cain have done 17 lease deals in January and February.
Crows Nest Investment Sells For $1.77M
Feb 2014 – A fully leased retail and office investment at 17 Falcon Street has been sold to an off shore investor for $1,775,000 showing a yield on net income of approximately 7.3%.
New Year starts with $13M Sale & Management in Lane Cove
Jan 2014 – Following an expressions of interest campaign in the second half of 2013 we have completed the sale of 71 Longueville Road for $13M. The 4,000 sqm office building is leased to a mix of tenants. We have been appointed by the purchaser to manage the property.
2013 Sales top $80M
Dec 2013 – 2013 was an active year for sales with both developers and investors keen to acquire commercial buildings. Developers were focussed on older commercial buildings where residential was permissible. Investors prompted by low interest rates were looking for income and yield.
Over 14,000 sqm Leased in 2013
Dec 2013 – Following a notable pick up in activity that started in June / July we concluded 2013 by leasing over 14,000 sqm of offices throughout the north shore.
Lane Cove Freehold Sold
Dec 2013 – A freehold shop with vacant possession plus offices above has been sold for $1.4M to a medical practitioner for owner occupation.
Site Sold in Atchison Street
Nov 2013 – In an off market transaction we have sold a potential development site at 23-29 Atchison Street, St Leonards to a locally based off shore developer.
Series of Lease Deals at 504 Pacific Highway
Nov 2013 – Following Charter Hall group’s decision to upgrade 504 Pacific Highway, St Leonards a series of leases have been secured including 850 sqm to Mail Call, 857 sqm to Positive Real Estate and 350 sqm to Order In
640 sqm Leased in St Leonards
Oct 2014 – On behalf of NSW Farmers we have leased the top floor of 40 Oxley Street totaling 640 sqm at $490psm
658 sqm Leased in Chatswood
Sept 2013 – Software group Adept has leased 658 sqm at 1-5 Railway Street at $425 psm
St Leonards D.A. Approved & Sold for $7.6M
Sept 2013 – 619 Pacific Highway, St Leonards with D.A. for 69 units has been sold for $7.65M to a local investor / developer.
Major Letting in Artarmon
Aug 2013 – Over 700 sqm has been leased at 407 Pacific Highway to Saluda Medical.
$15.75M Sale & New Management in St Leonards
Aug 2013 – On behalf of Horwitz Publishing we have sold 55 Chandos Street for $15.75M and have been appointed by the purchaser to manage the property.
New Leasing Appointment North Sydney
July 2013 – Appointed as leasing agents for 80 Mount Street, North Sydney – 315 sqm already leased to A2 Corp.
1,200 sqm Leased in St Leonards
July 2013 – 1,200 sqm leased to Allity at 39 Albany Street
New Leasing Appointment Chatswood
June 2013 – Bennelong Funds Management has appointed us as leasing agent for Chatswood Central. The twin tower complex is situated above Chatswood station and totals over 17,000 sqm with various floors and suites available for lease.
Frenchs Forest Investment Sold for $12M
April 2013 – on behalf of APGF we have sold 12a Rodborough Road a mixed office and warehouse investment of 7,600 sqm to a private investor at just under $12M.
Lane Cove Investment Sold for $12.7M
April 2013 – Acting on behalf of global fund manager BlackRock we have sold 166 Epping Road, Lane Cove to a Melbourne group for $12.7M.
En-Globo Land Sold on NSW Nth Coast
Mar 2013 – On behalf of the receiver we have sold 2 parcels of land totaling 60ha approved for sub-division at Gulmarred just in land from Yamba on the NSW N Coast.
McMahons Point Terraces All Sold
Mar 2013 – Following strong interest from owner occupiers 4 comemrcial terraces plus a vacant site at 17-21 Chuter Street have all been sold.
Crown Leases 443 sqm as Residential Display Suite
Mar 2013 – Crown International has leased 443 sqm at 235 Pacific Highway, North Sydney to act a s a display suite for their nearby residential development.
254 sqm Leased at Hume Street
Mar 2013 – Contigo has leased 254s qm of refurbished offices at 49 Hume Street
Abengoa Lease 550 sqm in St Leonards
Feb 2013 – 500 sqm leased by Adam Ray to Abengoa at 64 Chandos Street
Receiver Sales Completed in Maclean
Jan 2013 – Acting on behalf of the Receiver at PWC we have sold 2 retail investments in the picturesque town of Maclean. The properties were sold for $1.65m and $610,000. 2 other sales are currently being negotiated.
High Yielding Investment for BlackRock
Jan 2013 – As part of their portfolio sale we have been appointed to sell 166 Epping Road, Lane Cove a 7,200 sqm office building substantially leased to two international tenants. The property returns over $1.6m per annum and is being offered with a high initial yield.
509 sqm Leased in Chatswood
Jan 2013 – We have leased two suites at 1-5 Railway Street. Space network has taken 109 sqm and Blue Inc has taken a 3 year lease on 400 sqm.
Crows Nest Freehold Sells
Dec 2012 – 286 Pacific Highway a former sports medical clinic now vacant has been sold for re-development for $2.35m.
Strata suites attract buyers
Dec 2012 – in the last quarter we have sold 2 strata offices at 83 mount street, north Sydney for $530,000 and $650,000. a suite of 120sqm has also been sold at 8 Clarke street for $530,000.
426sqm leased in Chandos Street
Dec 2012 – 426sqm has been leased to American pacific lines at 1 Chandos street.
12a Rodborough Road sells for $11.9M
Oct 2012 – Following the sale of 12 Rodborough Road the adjoining office and warehouse complex totaling 7,286sqm has been sold to a private investor. The major tenant is a subsidiary of Linfox.
Channel 9 Sells for $6.9M
Oct 2012 – 12 Rodborough Road, Frenchs forest has been sold for $6.9m. The property is leased to Channel 9 as their national playout centre for 10+10 years.
938 sqm leased at Northpoint
Sept 2012 – Acting on behalf of the owner of 100 miller street we have leased the whole of level 12 to e Utility
Receiver appointment in NSW
Sept 2012 – We have been appointed by Greg hall of PWC acting as receiver to sell 4 retail properties in northern NSW town of McLean plus 60ha of land with consent for residential sub-division.
BCI take 650 sqm in St Leonards
Sept 2012 – BCI Australia has leased 650 sqm at 86 Chandos street.
Priceline Relocate in Walker Street
June 2012 – Priceline Chemists have re-located to a new store of 380 sqm at 65 Walker Street, North Sydney.
1,451 sqm leased in North Sydney
May 2012 – Leases agreed for accountants Bedford Titley to acquire 940 sqm at 141 Walker Street and for financial planners Stanford Brown to acquire their former offices at 15 Blue Street.
33 Atchison Street – Sold $6m
April 2012 – Fully leased investment of 1,761 sqm with 3 levels of offices above parking and a cafe. Sold to an off shore investor for $6m.
477 Pacific Highway Sold $2.6m
April 2012 – Freehold retail property totaling 600 sqm on Pacific Highway, Crows Nest was sold to an owner occupier for $2.6m
Almost 16,000 sqm Leased in 2011
Jan 2011 – Our leasing team has completed leases on almost 16,000 sqm of offices in 2011 split almost evenly between North Sydney and St Leonards / Crows Nest. Other ares where the team were busy were McMahons Point, Chatswood and Northridge. The total number of deals was slightly less than 2010 but the average size was larger.
Ryde – Investment Sold $4.3m
Nov 2011 – 19 Devlin Street, leased to the Commonwealth Government as a Centrelink office has been sold for $4.3m. The property was leased to 2014.
High Profile Retail Sold in Edgecliff
Sept 2011 – On behalf of the receiver we have sold the prominent ground floor strata at 58-60 New South Head Road.
Almost 1,000 sqm Leased in Mcmahons
Sept 2011 – In 2 of the larger deals for McMahons Point we have leased 500 sqm at 52 victoria street and 450 sqm at 6 Holt Street to Car Advice and Yarra Australia.
Walker Street Managed & Leased
Sept 2011 – On behalf of one of our management clients we have leased 300 sqm and 178 sqm at 65 Walker Street, North Sydney.
Office Building Sold in Burwood
Sept 2011 – On behalf of fund manager APGF we have sold 29-31 Belmore Street, Burwood for a price in excess of $8m. The building totals 2,250sqm and was bought for future redevelopment.
Over 1,300 sqm Leased Every Month
Sept 2011 – Our agency team of Adam Ray, Michael Vanstone, Drew Divers and Steve Johnson lease over 1,300 sqm every month in locations from North Sydney out to Chatswood, Pymble and Lane Cove. At last count our team were dealing with active tenants with a total requirement in excess of 6,500 sqm.
Sites sold in Blue Mountains & Kingcliff
Aug 2011 – O behalf of receivers we have sold a part completed town house development at Leura in the Blue Mountains and in a separate transaction a part completed block of apartments in Kingscliff near the Queensland border
Prime Balmain Site Sold for Receiver
Aug 2011 – Acting on behalf of the receiver we have sold a 3 prime waterfront blocks in Balmain plus a 16 berth jetty. The total proceeds exceeded $5.5m.
Next Deal in Chatswood
Aug 2011 – We have leased over 300 sqm at 9 Help Street, Chatswood to Next Telecom.
St Leonards – Quality Continues to Attract Tenants
Aug 2011 – St Leonards continues to attract a broad cross section of tenants. For occupiers looking for A or good B grade space the options are rapidly shrinking. At 657 Pacific Highway next to Forum we have leased 455 sqm to Up Skilled and have assigned 530 sqm to engineers Uma Lai.
711 sqm Lease Assigned in North Sydney
July 2011 – On behalf of Alba Capital we have assigned their lease over 711 sqm in 100 Arthur Street.
Northbridge Fully Leased for Eclipse
2010 – Adam Ray has completed the leasing of 115 Sailors Bay Road on behalf of Eclipse Property Group. He has leased over 800 sqm in the building in 2010.
1,500sqm Leased in North Sydney to UGL
2011 – Chris Hartigan has leased 3 floors of 54 Miller Street to UGL limited.
Appointed by Charter Hall to Lease 504 Pacific Highway
2011 – On behalf of fund manager Charter Hall our leasing team has been appointed to lease 504 Pacific Highway and 95 Nicholson Street, St Leonards
Over 15,000sqm Leased in 2010
Leasing activity increased by 76% in 2010 with our leasing team completing over 15,000 sqm of leases in North Sydney, Crows Nest / St Leonards and elsewhere on the North Shore.
St Leonards Investment Sold for over $12M
Dec 2010 – Fully leased investment of 2,600 sqm sold on behalf of a private investor at a yield of approx. 8.5%.