All the sales and leasing action in and around Sydney


ALEXANDRIA
Bader Investments Pty Ltd has leased a 1112 sq m industrial warehouse from a private owner for $150 sq m net. The lease term is five years. The property is situated in a boutique industrial estate located within walking distance to Green Square town centre. Mark Silva and Alex Sarroff, Knight Frank.

589 Withers Road, Rouse Hill 

ROUSE HILL

Style Tiles & Bathrooms has increased its space with a new lease of 164 sq m, being a warehouse of 118 sq m and an office of 46 sq m at Unit 2/589 Withers Road from V2 Investments Pty Ltd. The lease term is five years plus a five-year option at a net rent of $36,080 a year. Graeme Scott, Bawdens Industrial.

FYSHWICK

Following their initial move to Dairy Road, Fyshwick in July 2018, Digital 61 has now committed to additional space to accommodate the growth of their business, servicing both public and private sector clients. The group has 394 sq m at Building 5, 1 Dairy Road for between $300-$350 per sq m on a lease term of five years plus a five-year option from the Molonglo Group. Aaron Bruce, and Michael Ceacis, Colliers International.

MATRAVILLE

Kumon Australia & New Zealand has leased a 1052 sq m office & warehouse at Unit 5, 1 Military Road for $190 sqm net from a private investor. The lease term is five years. Tom Barnier, Colliers International.

ROSEBERY

Response Team/ Ashton Repairs has leased a 1350 sq m office & warehouse at Building B, 1-5 Hayes Road for $150 sq m gross from Goodman Funds Management Australia Ltd. The lease term is six months. Tom Barnier, Colliers International.

CHATSWOOD
Grand Cru Coffee Pty Ltd has leased a 198 sq m site at 25 Gibbes Street from Hal Pty Ltd for $260 sq m gross. The lease term is two years. Haran Paheerathan, Taylor Nicholas North Shore.

SALES

ARTARMON

Cabo Time has sold a 244 sq m warehouse at 5/76 Reserve Road to Lin Wu for $1.36 million. Brad Sutton, Sutton Anderson.

The Mechanics Institute, 167 Auburn Street, Goulburn, NSW

The Mechanics Institute, 167 Auburn Street, Goulburn, NSWCredit:© 2018 Mark Merton Photography

GOULBURN

The Mechanic Institute in the heart of Goulburn in regional NSW has been sold for $4.8 million. The 1213 sq m commercial site went under the hammer to a local private investor, achieving a sale price well in excess of its written reserve. The site was being offered to the market for the first time since 1993, at which time Goulburn City Council sold it for $657,000. The site, located at 167-173 Auburn Street was fully refurbished in 1994 and was awarded the Goulburn Post award for
contribution to the streetscape upon completion. The site was sold fully leased to a number of long-standing tenants, including NAB, NSW Police and the NSW government. Ryan Cross and Anthony Bray, Cushman and Wakefield managed the sale process on behalf of the long-term owners, alongside auctioneer Damien Cooley from Cooley Auctions.

REDFERN

Formerly known as The Elmowy Lebanese Sweet Shop and formerly a mechanic workshop, the site on 235 sq m of land at 20 and 20a Cooper Street has just sold for $2.8 million to an owner-occupier. It comprises a shop, preparation room and five-bedroom residence plus two garages. Phillip Elmowy and Anthony Vella of Ray White Commercial South Sydney.

ARTARMON

B. Whelan Investments Pty Ltd has sold a 233 sq m at 80 Reserve Road to J & P Cunningham Super Pty Ltd for $1.25 million. Haran Paheerathan, Taylor Nicholas North Shore.

MOVERS

Jonathan Betts will join Knight Frank’s NSW Office Leasing business as partner – projects and precincts, working closely with Aaron Weir, partner, head of office leasing, NSW. Mr Betts was previously director of leasing at Property NSW. The newly-formed role will complement the existing NSW and national office leasing team based in the Sydney CBD office.

Email submissions to ccummins@smh.com.au

Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.

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