This article is from the Australian Property Journal archive
A PREVIEW of development site and commercial property investment opportunities available across Australia.
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Office
Cremorne, VIC
Melbourne developer Dealcorp is selling its head office in one of its key Cremorne developments on the CBD fringe, with the ground floor office premises presenting one of very few sub-$5 million office premises to purchase in the precinct.
JLL’s Tim Carr, Josh Rutman, Annabelle Crowe and Mingxuan Li are the space at 155 Cremorne Street.
“This rapidly maturing precinct has become a must-have location for tech, creative and professional service companies,” Carr said. The former industrial-based neighbourhood has evolve into a high-performance business hub, attracting the likes of MYOB, SEEK, REA Group, Tesla and PointsBet.
Office demand in Melbourne will become increasingly weighted to non-CBD markets, likely resulting in more office-based workers in fringe and suburban locations than in the CBD by 2047, when the city’s population is tipped to hit more than eight million.
The property includes underground car parking for 10 vehicles on title.
Expressions of interest close Thursday, 22nd June.
Development & Land
Windsor, NSW
The Hawkesbury River Golf Course is the latest site to be put to the market out of the portfolio of Kingdom Developments.
Lenders have taken control of the company’s sites, and the 19.6-hectare landholding 57 kilometres west of Sydney follows another golf course at Tamworth, Victor Island in Queensland a development in Wollongong all being sold.
The previously operational nine-hole Hawkesbury River Golf Course includes a chipping and all-grass driving range, existing clubhouse and pro shop, and a maintenance shed.
Colliers’ Frank Oliveri and Jordan McConnell have the listing, under instructions from the mortgagee in possession.
“With the site’s proximity to the Crowne Plaza, we are confident it will appeal to investors, owner operators or even someone wanting to have their own course,” McConnell said.
It adjoins the Crowne Plaza Hotel Resort and is adjacent to the RAAF Richmond Air Base, and comes with RU2 – Rural Landscape zoning.
The historic town of Windsor was established in 1791.
Expressions of interest for 61A Hawkesbury Valley Way close Thursday, 22nd June.
Industrial
Welshpool, WA
A premium grade industrial facility in Perth’s inner south east has come to the market, offering owner occupiers a chance to find a new home at a time of rising construction costs.
18 Casino Street comprised a 3,738 sqm building including a high clearance sprinklered warehousing facility and corporate offices, on a 7,317sqm parcel land.
Andrew Fife and Ross Palframan of Cushman & Wakefield are marketing the asset. Fife said that rising construction costs have taken the average cost for premium grade facilities under 4,000 sqm in gross building area to around $1,500 per sqm.
Palframan said the asset offer a genuine solution for owner occupiers or even investors with tenants in hand, looking to purchase an asset that cannot be replicated in the current environment, and said that buyers should consider the “irreplaceable nature of this asset both from a land and built form perspective”.
The property is being sold via an offers invited campaign closing Wednesday 19th July.
