New South Wales
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CONISTON
A 1.68 Ha industrial site at 17 John Cleary Place in Coniston has recently sold to a private local buyer for $8.825 million.
The site came with strong long term tenants as well as DA approval for further developments across underutilised open space on the property.
Harry Stefanou and Danny Jacobs of WHK Commercial in Wollongong handled the sale.
HORNSBY
A 695sqm residential block with development upside at 61 Palmerston Road, Hornsby, has recently sold for $1.26 million.
The block currently holds a three-bedroom house with large backyard with potential for further development or extension.
McGrath Real Estate’s Adam Gillbanks and Miranda Guo handled the sale.
KIAMA
A 490sqm parcel of land at 68 Shoalhaven Street in Kiama sold recently for $800,000.
The property has big development potential with a building height of 11m – but also has proven land-banking potential. The last time this property sold was in 2005 for $190,000.
Ray White’s Michele Lay handled the sale at auction.
Queensland
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KINGAROY
Lots 27 & 28 at 2 Walter Road in Kingaroy have recently been sold from a private syndicate to a company associated with Bunnings Warehouse for $1.025 million.
The site originally came with DA Approval for the development of 26 residential lots and a commercial motel space, however this has been replaced with plans for a Bunnings retail space.
The new DA acquired by the purchasers will allow for a $15 million project encompassing a 7,597sqm Bunnings retail warehouse and a 211 bay car park.
Daniel Vella and Brad Moore of Colliers International handled the sale.
Victoria
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BURWOOD
A corner retail property at 41-45 Burwood Hwy in Burwood, was sold from one private investor to another for $4.6 million.
The two-level building drew the attention of the buyer due to its development potential, however it is currently leased to Snap Fitness, a 24-hour gym, for a further three years.
The sale of the 1,194sqm site was handled by Savills’ Benson Zhou, Julian Heatherich and Dorothy He.
MALVERN EAST
A permit approved site at 1265-1267 Dandenong Road in Malvern East recently sold at auction for $2.2 million.
The 737sqm property was approved for a multi-level development consisting of ten apartments and basement car parking. The site came with an existing four-bedroom dwelling.
Andrew Luke and Talia Tomaino of Jellis Craig handled the auction sale.
MOORALBARK
An 871sqm block at 28 Sweetland Road in Mooralbark has sold for $830,000. The site boasts views of the Dandenong Ranges and drew interest due to its potential for a multi-townhouse redevelopment.
Daniel Bolton and Jarrod Tyler of Fletchers handled the sale.
