Sales raise high expectations
88 PRIME SITE results in square metres Highly Motivated Vendor
AU CT IO N
commercial
9 592m2 w’house/office tilt panel construction 9 Great motorway access 9 Ample onsite parking 9 Container set down area High Profile Darra Location Auction on site 9/9/2011 @ 11am Mitch Taulelei M 0438 822 655 E [email protected]
results in square metres
AU CT IO N
commercial
Vendor Halving Portfolio 9 High yielding investment sale 9 3 x 3 year lease Net Return ($70,360pa) 9 Tilt panel building completed 2006 9 All outgoings paid by tenant High Profile Darra Location Auction onsite 9/9/2011 @ 11am Mitch Taulelei M 0438 822 655 E [email protected]
Sales raise high expectations Chris Herde
A CHINESE investor has bought the missing piece – snapping up the third of three adjoining sites in South Brisbane. Through his company Sunshine Investments, the investor, who divides his time between China and Australia, paid $3.5 million for a two-level building on a 911sq m site at 22 Merivale St. Late last year he bought properties at 26 and 28 Merivale St for a total of $7 million. With the South Brisbane Neighbourhood Plan approved a few months ago, the merged site allows for the development of two high-rise towers or a single tower with large floorplates. Ray White Transact’s Rick Bird, who negotiated the three deals with Brad Hanson, said the sites comprised a land area of 2733sq m. ‘‘He will rent the buildings out and development is a down-the-track sort of thing,’’ he said.
For Sale
Absolute Beachfront Resort Hotel
DEAL MAKERS: Agents Brad Hanson and Rick Bird. Picture: Campbell Scott
But Mr Bird said the area would develop fast. ‘‘South Brisbane in the Kurilpa district, where the properties sit, is allocated high-density development capacity and is earmarked as an extension of the Brisbane CBD,’’ he said. ‘‘In future years it will develop into an area (like) South Melbourne, North Sydney or even Shanghai’s Pudong district.’’
Mr Bird said 22 Merivale St and the other two properties attracted ‘‘quite a bit of interest’’ from investors. ‘‘But a lot of the time they were buildings that were vacant or only very partially leased and that makes financing difficult,’’ he said. ‘‘It’s the shortage of credit that’s strangling the market at the moment.’’
Recently, the same investor picked up a prominent retail property near Indooroopilly Shopping Centre, leased to KFC, for $3.6 million. ‘‘He will be making future purchases for sure,’’ Mr Bird said. Mr Hanson said the South Brisbane market had held up well. ‘‘The new plan that was gazetted in April gave cer-
tainty for what the future development capacity of these sites were,’’ he said. ‘‘It’s also improved underlying land value which has renewed the interest. ‘‘People see the area as the logical extension of the Brisbane CBD, with the Go Between Bridge and all the busway upgrades really opening up the area.’’
APPROVED SUBDIVISION - SUNSHINE COAST 81 Lots - 14.88ha • Elevated Lots • Stage 1 Op Works Approved
N
• Ready to Go
Ocean International Hotel
72257
AUCTIO
• Close to town, schools, Tafe College
1 Bridge Road, Mackay QLD 4740 s¬¬)CONIC¬ABSOLUTE¬BEACHFRONT¬HOTEL¬AVAILABLE¬ FOR¬THE¬FIRST¬TIME¬SINCE¬ s¬¬¬UNIT¬HOTEL¬FACILITY¬INCLUSIVE¬ OF¬RESTAURANT ¬RESORT¬STYLE¬POOL¬AND¬ ¬FUNCTION¬CENTRES¬n¬¬STAR¬RATED s¬¬3ITE¬AREA¬ SQM ¬WITHIN¬¬MINUTES¬ DRIVE¬TO¬-ACKAY¬#"$¬AND¬AIRPORT
s¬¬)NCOME¬&9¬ ¬ &9¬ ¬&9¬
s¬¬3ITUATED¬IN¬MAJOR¬RESOURCES¬CENTRE¬WITH¬ HUGE¬GROWTH¬POTENTIAL s¬¬/PPORTUNITIES¬!VAILABLE
¬,EASEHOLD¬/NLY¬
¬0ASSIVE¬&REEHOLD¬/NLY¬
¬&REEHOLD¬'OING¬#ONCERN¬
¬¬ !NDREW¬-ORGAN¬¬¬ WWWQTHBCOMAU 1,$¬4OURISM¬¬(OSPITALITY¬"ROKERS
The deals get done at Wright Property 88 The Courier-Mail Friday, July 29, 2011
(WWYV_
• 20 minutes to Sunshine Coast Airport • Just over 1 hour to Brisbane Airport Address: 178 Windsor Rd, Burnside Auction: In-room auction on Thursday 25th August at the Landmark Resort Mooloolaba at 12pm. Mike O’Brien 0411 858 911 or Glenn Jonas on 0400 401 919 [email protected] henzellsmooloolaba.com.au ID: 1726147
Central Sunshine Coast
The deals get done at Wright Property couriermail.com.au
FRST
AU CT IO N
commercial
9 592m2 w’house/office tilt panel construction 9 Great motorway access 9 Ample onsite parking 9 Container set down area High Profile Darra Location Auction on site 9/9/2011 @ 11am Mitch Taulelei M 0438 822 655 E [email protected]
results in square metres
AU CT IO N
commercial
Vendor Halving Portfolio 9 High yielding investment sale 9 3 x 3 year lease Net Return ($70,360pa) 9 Tilt panel building completed 2006 9 All outgoings paid by tenant High Profile Darra Location Auction onsite 9/9/2011 @ 11am Mitch Taulelei M 0438 822 655 E [email protected]
Sales raise high expectations Chris Herde
A CHINESE investor has bought the missing piece – snapping up the third of three adjoining sites in South Brisbane. Through his company Sunshine Investments, the investor, who divides his time between China and Australia, paid $3.5 million for a two-level building on a 911sq m site at 22 Merivale St. Late last year he bought properties at 26 and 28 Merivale St for a total of $7 million. With the South Brisbane Neighbourhood Plan approved a few months ago, the merged site allows for the development of two high-rise towers or a single tower with large floorplates. Ray White Transact’s Rick Bird, who negotiated the three deals with Brad Hanson, said the sites comprised a land area of 2733sq m. ‘‘He will rent the buildings out and development is a down-the-track sort of thing,’’ he said.
For Sale
Absolute Beachfront Resort Hotel
DEAL MAKERS: Agents Brad Hanson and Rick Bird. Picture: Campbell Scott
But Mr Bird said the area would develop fast. ‘‘South Brisbane in the Kurilpa district, where the properties sit, is allocated high-density development capacity and is earmarked as an extension of the Brisbane CBD,’’ he said. ‘‘In future years it will develop into an area (like) South Melbourne, North Sydney or even Shanghai’s Pudong district.’’
Mr Bird said 22 Merivale St and the other two properties attracted ‘‘quite a bit of interest’’ from investors. ‘‘But a lot of the time they were buildings that were vacant or only very partially leased and that makes financing difficult,’’ he said. ‘‘It’s the shortage of credit that’s strangling the market at the moment.’’
Recently, the same investor picked up a prominent retail property near Indooroopilly Shopping Centre, leased to KFC, for $3.6 million. ‘‘He will be making future purchases for sure,’’ Mr Bird said. Mr Hanson said the South Brisbane market had held up well. ‘‘The new plan that was gazetted in April gave cer-
tainty for what the future development capacity of these sites were,’’ he said. ‘‘It’s also improved underlying land value which has renewed the interest. ‘‘People see the area as the logical extension of the Brisbane CBD, with the Go Between Bridge and all the busway upgrades really opening up the area.’’
APPROVED SUBDIVISION - SUNSHINE COAST 81 Lots - 14.88ha • Elevated Lots • Stage 1 Op Works Approved
N
• Ready to Go
Ocean International Hotel
72257
AUCTIO
• Close to town, schools, Tafe College
1 Bridge Road, Mackay QLD 4740 s¬¬)CONIC¬ABSOLUTE¬BEACHFRONT¬HOTEL¬AVAILABLE¬ FOR¬THE¬FIRST¬TIME¬SINCE¬ s¬¬¬UNIT¬HOTEL¬FACILITY¬INCLUSIVE¬ OF¬RESTAURANT ¬RESORT¬STYLE¬POOL¬AND¬ ¬FUNCTION¬CENTRES¬n¬¬STAR¬RATED s¬¬3ITE¬AREA¬ SQM ¬WITHIN¬¬MINUTES¬ DRIVE¬TO¬-ACKAY¬#"$¬AND¬AIRPORT
s¬¬)NCOME¬&9¬ ¬ &9¬ ¬&9¬
s¬¬3ITUATED¬IN¬MAJOR¬RESOURCES¬CENTRE¬WITH¬ HUGE¬GROWTH¬POTENTIAL s¬¬/PPORTUNITIES¬!VAILABLE
¬,EASEHOLD¬/NLY¬
¬0ASSIVE¬&REEHOLD¬/NLY¬
¬&REEHOLD¬'OING¬#ONCERN¬
¬¬ !NDREW¬-ORGAN¬¬¬ WWWQTHBCOMAU 1,$¬4OURISM¬¬(OSPITALITY¬"ROKERS
The deals get done at Wright Property 88 The Courier-Mail Friday, July 29, 2011
(WWYV_
• 20 minutes to Sunshine Coast Airport • Just over 1 hour to Brisbane Airport Address: 178 Windsor Rd, Burnside Auction: In-room auction on Thursday 25th August at the Landmark Resort Mooloolaba at 12pm. Mike O’Brien 0411 858 911 or Glenn Jonas on 0400 401 919 [email protected] henzellsmooloolaba.com.au ID: 1726147
Central Sunshine Coast
The deals get done at Wright Property couriermail.com.au
FRST
