The following is a selection of some of our recent sales and lettings:
Ryde - Investment Sold $4.3M
19 Devlin Street, leased to the Commonwealth Gov't as a Centrelink Office has been sold for $4.3m. The property was leased to 2014.
High Profile Retail Sold in Edgecliff
On behalf of the receiver we have sold the prominent ground floor strata at 58-60 New South Head Rd.
Former Essential Ingredient Sold
477 Pacific Highway, Crows Nest previously occupied by Essential Ingredient has been sold at auction for $2.2M to an investor.
Almost 1,000sqm Leased in McMahons
In 2 of the larger deals for McMahons Point we have leased 500sqm at 52 Victoria Street and 450sqm at 6 Holt Street to Car Advice and Yarra Australia.
Walker Street Managed & Leased
On behalf of one of management clients we have leased 300sqm and 178sqm at 65 Walker Street, North Sydney.
Office Building Sold in Burwood
On behalf of Fund Manager APGF we have sold jointly with Colliers, 29-31 Belmore Street, Burwood for a price in excess of $8M. The building totals 2,250sqm and was bought for future redevelopment.
Over 1,300sqm Leased Every Month
Our agency team of Adam Ray, Michael Vanstone, Drew Divers and Steve Johnson lease over 1,300sqm every month in locations from North Sydney out to Chatswood, Pymble and Lane Cove. At last count our team were dealing with active tenants with a total requirement in excess of 6,500sqm.
Sites Sold in Blue Mountains & Kingcliff
On behalf of receivers we have sold a part completed town hosue development at Leura in the Blue Mountains and in a separate transaction a part completed block of apartments in Kingscliff near the QLD border
Prime Balmain Site Sold For Receiver
Acting on behalf of the receiver we have sold a 3 prime waterfront blocks in Balmain plus a 16 berth jetty. The total proceeds exceeded $5.5M.
Next Deal in Chatswood
We have leased over 300sqm at 9 Help Street, Chtswood to Next Telecom.
St Leonards - Quality Continues to Attract
St Leonards continues to attract a broad cross section of tenants. For occupiers looking for A or good B Grade space the options are rapidly shrinking. At 657 Pacific Highway next to Forum we have leased 455sqm to Up Skilled and have asigend 530sqm to engineers Umi Lai.
711sqm Lease Assigned in North Sydney
On behalf of Alba Capital we have assigned their lease over 711sqm in 100 Arthur Street
Northbridge Fully Leased For Eclipse
2010 - Adam Ray has completed the leasing of 115 Sailors Bay Road on behalf of Eclipse Property Group. He has leased over 800sqm in the building in 2010.
1,500sqm Leased In North Sydney to UGL
2011 - Chris Hartigan has leased 3 floors of 54 Miller Street to UGL Limited.
Appointed by Charter Hall to Lease 504 Pacific Highway
2011 - On behalf of fund manager Charter Hall our leasing team has been appointed to lease 504 Pacific Highway and 95 Nicholson Street St Leonards
Over 15,000sqm Leased in 2010
Leasing activity increased by 76% in 2010 with our leasing team completing over 15,000sqm of leases in North Sydney, Crows Nest / St Leonards and elsewhere on the North Shore.
St Leonards Investment Sold For Over $12M
Fully leased investment of 2,600sqm sold in Dec 2010 on behalf of a private investor at a yield of approx 8.5%.
Pymble Office Sells
2010 - 9-11 Bridge Street, Pymble a freehold office of approx' 1,300sqm sold for $3.1M.
Strata Investment Sells
2010 - Unit 19 at 130 Pacific Highway, Greenwich has been sold as an investment for $525,000. The tenant is a long established local dentist.
McMahons Freehold Attracts Lots of Interest
2010 - A freehold office at 47 Victoria Street has been sold at auction for just over $2m. The property has potential for residential as well as commercial use.
Strata Sales in 2010
Renewed interest from occupiers in buying starta has resulted in a series of deals including 90sqm at 71 Walker Street for $525,000, 106sqm at 83 Mount Street for $500,000, a floor of 290sqm at 48 Albany Street selling for $830,000, 127sqm suite at 53 Walker Street being sold for $610,000 and a whol floor of 318sqm being sold a 231 Miller Street for $1.1M.
North Sydney Freehold Sells at Auction
2010 - 247 Pacific Highway, a freehold office of approxiamtley 650sqm has been sold at auction for just over $2m.
Fully Leased in North Sydney & St Leonards
Following a much stronger 6 months of leasing activity in the first half of 2010 we have now fully leased Lend Lease's refurbishment of 75 Miller Street and FKP's refurbishment of 20 Chandos Street.
Freehold Sales in St Leonards & Crows Nest
2010 - With the market showing further signs of improvement from the low of 2009 we have sold freeholds at 87 Alexander Street, Crows Nest for $2.45M, 89 Chandos Street, St Leonards for $2.8M and 63 Hume Street, Crows Nest for $1.7M.
2,800sqm Leased In 1st Qtr 2010 In St Leonards
In the first quarter of 2010 our leasing tem of Chris Hartigan, Adam Ray, Michael Vanstone, Joanne Watson & Adam Trevenen have leased over 2,800sqm of offices in St Leonards / Crows Nest.
North Sydney - Whole Floor Leased
2010 - On behalf of Zurich Insurance we have laesed 743sqm at 118 Mount Street to Best international.
Harley Davidson Sold For $3M
2010 - This prime investment in Lane Cove leased as the national head quarters of iconic motor cycle manufacturer Harley Davidson was sold at auction on 24 March for $3m. The building produces a net income of approx $277,000pa. The award winning building is just 3 years old and securely leased. The auction will be held in March.
McMahons Freehold Sells For $1.6M
2009 - 111 Union Street was sold at Auction for $1.6M. The property comprises approx' 200sqm on 3 levels and attracted interest from both residential and commercial buyers.
Christmas Rush of Lettings
2009 - The end of year generated a flurry of leasing deals across our instructions including 200sqm at 30 Alfred Street, Milsons Point, 4 deals at 220 Pac' Highway, Crows Nest.
Residential Sites Sell Quickly
2009 - Acting on behalf or receiver PPB we have sold 3 prime sites at Seaforth overlooking Middle Harbour.
Leasing Activity Returns
2009 - After a decline in activity in the first quarter of 09 leasing enquiry and deals has steadily picked up since June. Our leasing team is now recording weekly inspections with around 20 different groups per week.
Crows Nest Leasing For Abacus Property Group
2009 - Abacus Proeprty Group has appointed us to lease almost 3,000sqm of offices and showroom space in their Spectrum Building at 200-220 Pacific Highway, Crows Nest
321 Pacific Highway Fully Leased
2009 - Folwoing a series of deals including 500sqm being leased on the ground floor to one tenant the whole of 321 Pacific Highway, North Sydney is now fully leased.
Medical Investment Sold
2009 - 8 McLaren Street, North Sydney has been sold with a 5 year lease to a Medical Clinic. The proeprty sold for a yield of approx' 8% with a rent of approx $114,000pa.
Major Letting Instruction St Leonards
2009 - 6-12 Atchison Street has been fully refurbished by owner Kingsmede Group and is now being offered for lease. The building provides a total of 2,800sqm with a floor plate of over 700sqm.
Crows Nest Freeholds Sold
In late 2008 we have successfully sold 85 Alexander Street, Crows Nest for $2.8M and 41 Hume Street Crows Nest for $2.05M. Both proeprties were acquired by owner occupiers.
North Sydney Lettings
In the last quarter of 08 we have completed a number of lease deals in the North Sydney CBD including 430sqm leased to Reedsoft at 107 Mount Street and at 194 Miller Street, 357sqm to William and 215sqm to Tyco Earth Tech.
Management Appointments St Leonards
In the last quater of 2008 we have been appointed to manage 2 further office buildings in St Leonards. 40 Oxley Street comprises a fully leased office building of 2,500sqm. 619 Pacific Highway is a 7 storey office building close to the station.
St Leonards Investment Sold For $14.6M
In one of the largest investment sales on the North Shore in 2008 we have sold 176 Pacific Highway, St Leonards for $14.6M. The property is fully leased for 10 years to medical group IVF Australia at a rent of about $1M p.a. and has been sold to a Melbourne Group at an initial yield of about 7%.
North Sydney Freehold Sold
2008 - 9-11 Ridge Street an impressive freehold office of over 500sqm has been sold for $2.15M.
Major Leasing Instruction For FKP in St Leonards
FKP has appointed us as joint leasing agents for their exciting refurbishment of 18-24 Chandos Street which will be completed in the first half of 2009. The refurbishment includes a stunning new facade and all new finishes.
75 Miller Street Now 97% Leased
Lend Lease's excellent refurbishment of 75 Miller Street is now almost fully leased with ASX Listed United Group having taken 4 floors.
Chatswood Investment Sold For $4.6M
2008 - 11 Spring Street a 3 storey retail and commercial building totalling 892sqm sold for $4.6M
Leasing and Management Albany Street
On behalf of Kyko Group we have been retained to manage and lease 48 Albany Street, St Leonards.
$14.5M Investment Sold In North Sydney
2008 - 7-9 West Street, North Sydney sold for $14.5M to construction group ADCO who will occupy part as their head quarters.
$2M Sale In Chandos Street
2007 - 63-65 Chandos Street 3 storey retail and office building sold.
Epping Investment Sold For $6.4M
2007 - 16-18 Cambridge Street, Epping a 5 storey office investment sold for $6.4M.
Former 2UE Building Sold
2007 - 176 Pacific Highway, 2,300sqm the former home of radio station 2UE sold to an investor for over $8M.
$13M Investment Sold In Miller Street
2007 -194 Miller Street, North sydney sold to a private invetsor.
$25M Sale in Chatswood for Investa Property Group
2007 - On behalf of Investa Property Group we negotiated the sale of 10 Help Street to a local investor for a price of $25M.