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Articles from Retail
St Kilda has double deal
Image originally frm Realcommercial.com.auTwo fully-leased retail properties in St Kilda, Victoria, have been sold at auction by agents of Sutherland Farrelly.

Super funds seek Super Cheap Auto site
Situated at 643-645 High Street Road, Glen Waverley, the property is understood have attracted interest primarily from private superannuation funds seeking a passive income stream with upside.A fully-leased corner property in Glen Waverley, Victoria, has been sold under the hammer by agents of Fitzroys.

When in Roma
Image orignally from Realcommercial.com.auA partially-leased banking and retail building in Roma, Queensland, has been sold at auction by agents of Colliers International and Rosenberger Realty.

Tasty deal in Darlinghurst
Image originally from Realcommercial.com.auA property in Darlinghurst, New South Wales, with a restaurant on its ground floor and a boarding house above, has been sold at auction by agents of CB Richard Ellis.

St Peters site smashes reserve
Covering two interconnected lots at 44-46 Princes Highway and 3 Barwon Park Road, St Peters, the property comprised of a two to four storey building, offered with vacant possession and believed to have been previously used as a furniture factory outlet.An industrial warehouse property in St Peters, New South Wales, has been sold under the hammer by agents of Richardson & Wrench for a price significantly above the reserve.

Turning up the volume in Wagga Wagga
JB HiFi has agreed to terms at 75 Morgan Street, Wagga Wagga, a retail tenancy previously occupied by go Lo and owned by a local private investor.A large retail tenancy in Wagga Wagga, New South Wales, has been leased to a major electronics chain by agents of Knight Frank.

Macquarie Park market slows
Sales over the three months to December 2009 totalled over $27.2 million, a decrease from the $42.9 million recorded in September 2009 and the $27.6 million recorded in June 2009.The latest research from Cityscope regarding sales in Macquarie Park’s major commercial centres has found the market to sliding back down from the upward trend recorded in the the previous quarters.

New deals in North Melbourne
Vantex is understood to have been acquired by US giant Ingram Micro as part of its strategies to expand its global presence.A retail point-of-sale distributor is planning a relocation following its recent acquisition and has sold two of its North Melbourne properties through agents of ICR Property Group.

Brisbane market to recover
While 2009 has found to have been a challenging year for Brisbane commercial property by agents of Jones Lang La Salle, activity at the close of the year exceeded most expectations held at the beginning, with signs of the emerging recovery set to gain momentum in 2010.

Gold Coast grows
Research by Cityscope in the three months to December 2009 recorded 57 sales for a total of $146.6 million, with $29.5 million of this being commercial, $14.5 million commercial strata, $35.6 million retail and $32.2 million retail strata, with $34.8 million of other sales.The latest research from Cityscope regarding sales in the Gold Coast’s major commercial centres has found the market to be continuing to rise in accordance to the precedents set in the previous quarters.

Building bought in Ballarat
Situated at 415 Sturt Street, Ballarat, the period retail building is understood to be located in the heartr of the Ballarat café precinct.A two-storey retail and residential building in Ballarat, Victoria, has been sold at auction by agents of Colliers International.

Service stations sold
A number of private investors are understood to have purchased the Caltex service-stations located in Seven Hills, Belrose, Innisfail and Dural.A portfolio of four Woolworths service stations with new leases have been sold at auction by agents of Burgess Rawson.

Paradise property purchased under hammer
Image originally from Realcommercial.com.auA retail property in Surfers Paradise, Queensland, has been sold at auction by agents of Ray White Commercial.

Nelson Bay shops auctioned
Image originally from Realcommercial.com.auA shopping arcade in Nelson Bay, New South Wales, has been sold at auction by agents of Colliers International.

Gold Coast nightclub bought
As previously reported by the Australian Property Review, Melbas on the Park has undergone a multimillion-dollar expansion to create a new restaurant, cocktail bar and lounge with 40 gaming machines and also incorporates a night club on the first floor.An iconic Gold Coast bar, restaurant and nightclub complex has been sold following a marketing campaign by CB Richard Ellis.

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