31-33 King Street
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A PREVIEW of rural and commercial property investments and development opportunities available across Australia.

Submit sale campaigns to news@australianpropertyjournal.com.au, sponsorship opportunities available contact amy.guy@australianpropertyjournal.com.au or marketing@australianpropertyjournal.com.au

 

Retail

Bendigo, VIC

A longstanding Target department store building on 6,451 sqm of land in central Bendigo is up for grabs.

31-33 King Street is being offered through Ryder Commercial and Savills via expressions of interest closing 10th November. 

Ryder Commercial’s Mark Ryder said the property is being offered with a renewed 11-year term in addition to the security of an ASX-listed Wesfarmers lease covenant, with Target having traded from the property for nearly 35 years. The property has a gross lettable area of 6,863 sqm, with ground floor retail and first floor stock, office and staff accommodation, while the site has three street frontages and has commercial 1 zoning.

It is positioned directly opposite a new four-level, multi-storey council car park development and with adjacent on grade car parking provides for over 500 vehicles

Rick Silberman of Savills anticipates there will be significant interest from a wide range of parties including private investors, funds and institutional groups.

 

Port Kennedy, WA

A newly built, BP-branded truck stop on a 3,841sqm land holding south of Perth has been listed for sale. 

Situated between Rockingham and Mandurah at 46 Bakewell Drive, the BP Port Kennedy site is anchored by a 15-year lease to Epic Co, with four additional five-year options offering annual rental increases.

CBRE’s Richard Cash is managing the expressions of interest campaign which closes 11th November.

“We expect to field significant interest in the opportunity to acquire a defensive, long-WALE asset that is ideally located to provide essential services to commercial and retail customers alike,” Cash said. 

The truck stop is close to major shopping areas including Warnbro Centre, Stargate Shopping Centre and Port Kennedy Central.

 

Surry Hills, NSW

A fully occupied two-storey commercial building in Sydney’s fashion district at 99-103 Kippax Street is being sold via auction.

The 370sqm of NLA on the 200sqm zoned B4 Mixed Use site includes major tenants, Edwards & Co, Paper Heart and White Closet.

Jordan Lee, Michael Hui and Andy Hu from Savills Australia are managing the sales campaign for the property, which boasts 11 metres of frontage to Kippax Street and 11 metres to Uther Street.

The site has a maximum building height of 22 metres and maximum FSR of 4:1, with the potential for a maximum GFA of 800sqm, with the new 12km CBD and South East Light Rail within close proximity.

The public auction for 99-103 Kippax Street is scheduled for 25 November, 2021.

 

Rural & Agribusiness

Eyre Peninsula, SA

A productive 669-hectare Ungarra dryland cropping property, known as Wilkie’s,  is being offered to the market.

The property comprises three lots, with Wilkie’s West totalling 301-hectares of arable land, Wilkie’s East with 182.3-hectares and Wilkie’s South with 143-hectares.

Improvements include two houses, a machinery shed, sheep yards and sundry shedding, with as-new cyclone fencing.

Production at the site is supported by red and brown loam soil over red clay, in addition to Ungarra’s annual rainfall average of 412mm.

The lots are being offered for sale in one line or as three individual landholdings, with Phil Schell and Angus Bills from CBRE Agribusiness managing the sale via an expressions of interest campaign closing on 26 November.

 

Development

Gosford, NSW

A development site on the Central Coast is up for sale with development approval for a residential project with 72 apartments.

Adam Bodon of Adam Charles is the selling agent for the 4,776 sqm site at 70 John Whiteway Drive, which backs onto Rumbalara Reserve and is offered vacant with R1 general residential zoning and potential for 7,164 sqm of gross floor area.

The approved project, titled Marques Residences, has nine one-bedroom, 42 two-bedrooms and 21 three-bedroom apartments.

Expressions of interest close on 17th November.

 

Sunshine, VIC

A 1,507sqm corner site in Sunshine, approximately 12km west of the Melbourne CBD, is being offered to the market with vacant possession.

The cleared land parcel at 64 Monash Street is zoned Commercial 1, boasts a combined frontage of around 77 metres to Monash Street and Barnard Court and sits across from a strip of stores and 1km from Sunshine’s main retail, commercial and lifestyle precinct.

A development scheme for the site has been proposed by DCA Design for a five-level mixed-use development with retail, offices and 11 residential apartments, with the City of Brinbank’s design and development overlay allowing for various higher density outcomes.

Ervin Niyaz and Paul Burns from Fitzroys are managing the sale of the property via an expressions of interest campaign, which is scheduled to close on 27 October.

 

Southbank, VIC

A 992sqm fringe city land parcel at 335-345 City Road is being offered with potential for development of a 6-8 level commercial office building or 15-level hotel.

The zoned Commercial 2 corner site boasts 46m frontage to City Road, in addition to 89m of frontage to Ballatyne Street and sits directly across from Gurner’s $250 million residential development and is within close proximity to the Melbourne Convention and Exhibition Centre and Crown Entertainment Complex.

The site is also well serviced by immediate access to public transport and currently hosts a tenant that brings in returns of $221,100 per annum net.

Lemon Baxter’s Chris Curtain, Chris Chartres and Graeme Tyas are managing the sale of the property via an expressions of interest campaign, which is scheduled to close 10 November.

 

Engadine, NSW

A substantial 1,469sqm site at 3-5 Railway Parade is up for sale, offering potential buyers significant development potential.

The prime land in Engadine fronts both Railway Parade and Old Princes Highway on a B3 Commercial Core zoned site with a 20m height limit and ample surrounding amentities.

Demi Carigliano, James Mulcair and Ben Mostyn from Knight Frank are managing the sale of the property via an expressions of interest campaign, which is scheduled to close on 21 October.

 

Frenchs Forest 

In Sydney’s Northern Beaches, a 2,411 sqm parcel of land has hit the market with approval for a low-rise boarding house development with 55 studio apartments or ideally as a build-to-rent project.

The proposed development at 16 Gladys Avenue includes multiple buildings with common area facilities and basement parking for cars, motorbikes and bicycles.

The site is located in a quiet backstreet position, surrounded by low rise residential housing and is close to health infrastructure, retail and lifestyle amenity in the gateway suburb to the Northern Beaches. 

Colliers agents Henry Burke, Guillaume Volz and Eugene White are managed the expressions of interest campaign, closing 18th November 2021.

 

Hawthorn, VIC

A whole block of 32 brick units on 2,700 sqm of land with residential growth zoning has come to the market.

The three storey complex at 157 Power Street is being marketed through CBRE’s David Minty, Scott Hawthorne, Nathan Mufale and Jing Jun Heng as an opportunity to extend, refurbish or develop.

It currently returns an annual income of about $545,000.

 

Carlton, NSW

A southern Sydney site spanning 1,977 sqm has come to the market with approval for 51 apartments, with most boasting a northerly aspect.

15-21 Hampton Court has a 46 sqm street frontage and R3 medium density zoning, allowing for a 2:1 floor space ratio just 200 metres from Carlton train station. Approved gross floor area is 3,964 sqm with a 21 metre height limit. The plans include 17 one-bedroom units, 32 dual-bedroom apartments and a two three-bedroom apartment.s.

Adam Bodon of Adam Charles are exclusively marketing 15-21 Hampton Court Road, Carlton to the market by way of private treaty; a rare, DA approved boutique development site, in a highly accessible location. 

 

Bringelly, NSW

A strategically placed 10-acre site at 125 Mersey Road in Western Sydney’s Aerotropolis Core, one of the final zoned land parcels in the area, is up for sale.

Mark Litwin and Grant Bulpett from Knight Frank are managing the sale of the property via an expressions of interest campaign on behalf of a private family.

The relatively flat, rectangular lot had no riparian setbacks, with flexible enterprise zoning sits seven kilometres from the future airport entrance and is currently occupied by a house and numerous other structures, though it will be redeveloped following the transaction.

The site benefits from close transport access via the M7 and M4 Motorways, as well as future transport links such as the M12 Motorway and North South Rail Link, in addition to the forthcoming Eastern Ring Road.

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