Properties Sold At Portfolio Auction
According to recent reports, a number of properties were recently sold at auction. In Caboolture, a property leased to EG Group and Oporto sold for $7.985 million, while a Carl’s Jr in the same area fetched $5.105 million. Meanwhile, in Dutton Park, the Chatterbox Early Learning Centre at 23 Tillot St sold for $5.38 million, achieving a notable yield of 4.84%. This marked the sharpest yield for a Queensland childcare centre above $5 million in the past year.
Source: Prime Site
Application Lodged For Retail Hub
A development application has been lodged for a new Retail Hub at 167 and 25 Apollo Road, Bulimba, designed by Buchan. The project involves repurposing the existing fabrication shed from the former Bulimba Barracks into a mixed-use space featuring retail, a supermarket, office spaces, and amenities. Key elements include the partial demolition of the shed, creation of retail tenancies, and development of a public park along the Brisbane River. The two-storey project will cover 7,560m2 and include 153 car parking spaces, with active pathways for pedestrians and cyclists.
Source: Your Neighbourhood
Major Lease in Noosa
Collective Hotel Management Group has secured the leasehold of Halse Lodge, the longest continuously operating guesthouse in South East Queensland, located at 2 Halse Lane in Noosa. The historic lodge, situated on an 8,000m2 site just 150 metres from the renowned Hastings St retail strip, has been under the Anglican Church of Southern Queensland’s ownership for over six decades. CHM Group plans to invest significantly to refresh and continue operating the property as a backpacker hostel, aiming to relaunch with about 100 beds by the end of 2024.
Source: Courier Mail
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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