blog.buysellrealestate.com.au

A waterfront restaurant at Sydney’s Walsh Bay has been snapped up by a private investor on a net yield of 6.6%. The property is leased to the Ventuno Restaurant on a long term basis.

A local investor has purchased small office building in the inner Sydney suburb of Glebe, which will now be refurbished. The 395 sqm building is situated on 695 sqm of land.

A waterfront restaurant at Sydney’s Walsh Bay has been snapped up by a private investor on a net yield of 6.6%. The property is leased to the Ventuno Restaurant on a long term basis.

The Leighton Group has topped Australia’s list of the 100 largest commercial construction companies for 2006-2007, for the third consecutive year.

Charter Hall Group has secured a further off-market acquisition in Melbourne’s CBD for the Core Plus Office Fund. The property expands the portfolio to over $1 billion.

Becton Investment Management Limited has purchased an industrial complex at 500 Princes Highway in Noble Park, Victoria, from Abacus Property Group. The property sold on an approximate 6.7% yield.

A Gymea Bay Road surf wear shop in Gymea, in Sydney’s south, has sold at auction for just under $1.3 million. The freehold was acquired by a local investor from three competing bidders.

Wollongong is well on track for a major transformation designed to further diversify the region’s economy, generate new jobs and create one of the most vibrant growth centres in New South Wales.

New research from BIS Shrapnel shows that the price of land in many areas of Australia is outstripping the growth in house prices, with affordability continuing to challenge Australians wanting to build new homes.

Sunland Group Limited has acquired a new waterfront development site at Marine Parade in Labrador on the northern Gold Coast, after negotiation with three vendors.