<p>Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.</p>

<p>Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;</p>

<p>David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;</p>

<p>“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;</p>

<p>[smartcode_project:default project_id=110291 project_image_fid=302785]</p>

<h2>Affordable product leads, premium demand remains resilient</h2>

<p>Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;</p>

<p>Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;</p>

<p>At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.</p>

<p>Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.</p>

<p>Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;</p>

<p>[smartcode_project:default project_id=148957 project_image_fid=364102]</p>

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

<p>Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.</p>

<p>David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.</p>

<p>“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;</p>

<p>Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.</p>

<p>[smartcode_project:default project_id=108869 project_image_fid=317905]</p>

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

<p>While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;</p>

<p>Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;</p>

<p>However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.</p>

<p>Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;</p>


Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<p><a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.</p>

<p>The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.</p>

<p>Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.</p>

<p>“Brisbane was the right step for Sammut,” Sammut said.</p>

<p>“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”</p>

<p><img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" /></p>

<p>Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.</p>

<p>The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.</p>

<p>“We are DA approved now which is very exciting,” Sammut said.</p>

<p>“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”</p>

<p><img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" /></p>

<p>Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.</p>

<p>“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.</p>

<p>The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.</p>

<p>“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”</p>

<p>The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.</p>

<p>The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.</p>


Sammut secures approval for debut Brisbane apartment development in Toowong

<p>Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.</p>

<p>Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.</p>

<p>The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.</p>

<p>“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.</p>

<p>“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.</p>

<p>“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”</p>

<p>The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.</p>

<p>“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”</p>

<p>From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.</p>

<p>“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”</p>

<p>The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.</p>

<p>“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.</p>

<p>Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.</p>

<p>“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.</p>

<p>“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”</p>

<p>The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.</p>

<p>“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.</p>

<p>Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.</p>

<p>&nbsp;</p>


Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

<p>Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.</p>

<p>The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.</p>

<p>It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.</p>

<p>With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.</p>

<p>“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.</p>

<p>“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”</p>

<p><img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" /></p>

<p>GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.</p>

<p>“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”</p>

<p>Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.</p>

<p>“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.</p>

<p><img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" /></p>

<p>&nbsp;</p>

<p>One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.</p>

<p>Green praised local policy settings.</p>

<p>“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”</p>

<p>One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.</p>

<p>“The way we will be able to achieve economies of scale is through size,” Green added.</p>


One Living enters Sydney's new apartment market with Northern Beaches site acquisition

<p>It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.</p>

<p>Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.</p>

<p>Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be</p>

<p data-end="683" data-start="511">"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.</p>

<p data-end="882" data-start="690">"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."</p>

<p data-end="882" data-start="690">[smartcode_project:default project_id=134646 project_image_fid=6109]</p>

<p>The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.</p>

<p>The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.</p>

<p>Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.</p>

<p>[smartcode_project:default project_id=134646 project_image_fid=6110]</p>

<p>Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.</p>

<p>The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.</p>

<p>[smartcode_project:default project_id=134646 project_image_fid=6116]</p>

<p data-end="247" data-is-last-node="" data-is-only-node="" data-start="0">While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.</p>

<p>WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.</p>

<p>With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.</p>

<p>[smartcode_project_cta:default project_id=134646]</p>


WM Residences fills gap in Mordialloc townhouse market

Commercial Property

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<p>A warehouse in Sydney’s inner suburb of Glebe has changed hands for $4.1 million.</p>
<p>The property at <a href="https://www.realestate.com.au/property/24-lyndhurst-st-glebe-nsw-2037" target="_blank">24 Lyndhurst Street</a> is currently used as an office space  but is suited to residential conversion as well, according to its description.</p>
<p>It went to the market with expectations of $4 million and last sold for $1.93 million, CoreLogic RP Data shows. </p>
<p>It offers nearly 475 sqm of internal floor space across three levels. </p>
<p>The corner property has polished timber floors, high ceilings and air conditioning.</p>
<p>It is close to light rail and harbourside parklands.</p>
<p>The selling agent was Michael Glynn of The Agency. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/21/GlebeWarehouse2.jpg" alt=""></p>
<p> </p>
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j.ballantyne1990-6AQqhLzZaK

Warehouse in Glebe suited for residential conversion sold for $4.1 million

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<p>A family-run pizza shop in Sydney’s inner fringe suburb of Potts Point has closed its doors after 32 years selling pizzas.</p>
<p>Macleay’s Pizza was located at <a href="https://www.realcommercial.com.au/property-retail-nsw-potts+point-502624042" target="_blank">Shop 3, 101-103 Macleay Street</a>, and was packed out for its last day of trade in October.</p>
<p><span>The property is now on the market for sale with a price tag of $1.3 million.</span></p>
<p>Owner Michael Maccelli’s speciality was the traditional thin crust bases he started working on from his school holidays as a teenager after his father Sam and uncle Joe opened the business in 1985, the Wentworth Courier reported.</p>
<p>“My memories are of all the different characters we’ve had in here over the years; we’ve had sports stars, celebrities and lots of regulars who come because it’s a consistent, good feed with a family atmosphere,” Maccelli said.</p>
<p>The listing agents are Simon Hohnen and Trisiana Muljono of Sydneylinks Real Estate in conjunction with <a href="http://www.laing.com.au/3970737/" target="_blank">Laing Estate Agents</a>. </p>
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jonathanchancellor-7SQnKwU6yx

Family-run pizza shop in Potts Point closes

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<p>The Hurstville Ritz Hotel and Cabramatta Hotel in Sydney have sold for a combined $90 million, capping a hot season for pub sales.</p>
<p>The hotels were owned by Stephen Bowden, the former Newtown Jets front rower.</p>
<p>Earlier, the Ryan family sold the Republic Hotel in Sydney's CBD to international property fund in an off-market deal through Ray White.</p>
<p>In another recent high-profile pub sale, the Justin Hemmes-led Merivale snapped up Vic on the Park Hotel in Sydney's Inner West in a deal estimated to be between $22 million to $25 million.</p>
<p>The off-market transaction for the Cabramatta hotels marks the largest hotel sale transaction in 2017, according to selling agency Sydney Hotel Brokers Pty Limited.</p>
<p>The deal was managed by John Morrison of Sydney Hotel Brokers Pty Limited.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/15/CabramattaPub.jpg" alt=""></p>
<p>Stephen and Louise Bowden first acquired the Hurstville Ritz Hotel (formerly known as Shanney’s) from Tooth &amp; Co (as a term lease) in 1979. </p>
<p>In 2007, they sold off the Hurstville Ritz Hotel for a Sydney record price of $52 million before buying it back in 2010 for $30.5 million. </p>
<p>The Cabramatta Hotel was initially acquired by the Bowdens in 2010 as a freehold investment with NLG as the tenant. NLG was subsequently acquired by the Redcape Hotel Group, who are the current tenants. </p>
<p>Ryan Watts, solicitor at Slater &amp; Elias Lawyers, said the vendors were happy after “a complicated and high stakes sales process”.</p>
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Former rugby player Steven Bowden pockets $90 million from Hurstville Ritz and Cabramatta Hotel sales 

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<p>Ocean Dunes, the golf course on King Island in Bass Strait, has been listed for sale.</p>
<p>Colliers International's Guy Wells and Comac Property Group's Paul Mason have been appointed to broker the Bass Strait property. Offers close December 6.</p>
<p><a href="http://www.colliers.com.au/162029/" target="_blank">The golf course</a>, ranked fourth best in Australia by <em>Golf Australia </em>magazine, was developed by a group of Victorian-based investors and golfing enthusiasts.</p>
<p>The 18-hole course includes the King Island hotel. The 190-hectare property includes a site next to the course set aside for further development.</p>
<p>It comes with a permit to develop 21 motel suites.</p>
<p>The Cape Wickham Golf Course on King Island was bought by a Vietnam-based investor for $16 million earlier this year.</p>
<p>The Cape Wickham course was ranked the 24th best golf course in the world by<em> Golf Digest </em>in 2016.</p>
<p>It was put up for sale by Australian Ratings (now Standard &amp; Poor's Australia) founder, the property developer Duncan Andrews.</p>
<p>The buyer is a company called Cape Wickham Golf Links Pty Ltd, is wholly owned by Ekaterina Kolmakova from Hanoi in Vietnam.</p>
<p>The sole director of the company is Sydney-based Richard Nebauer, the Australian Financial Review noted recently.</p>
<p>Cape Wickham, which opened in October 2015, was a collaboration between US architect Mike DeVries and Australian golf writer Darius Oliver.</p>
<p>King Island, is a forty minute flight from Melbourne, set between Victoria and Tasmania.</p>
<p>It is renowned for its fresh produce and increasingly its world standard golf courses.</p>
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Ocean Dunes golf course listed after earlier King Island sale

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<div>A unit block in Crows Nest has sold under the hammer for $4.3 million which was $500,000 above the reserve price.</div>
<div> </div>
<div>The CBRE marketing campaign fielded 455 enquiries, 104 inspections and 72 contract requests. </div>
<div> </div>
<div>There were 13 registered parties when <a href="https://www.realestate.com.au/sold/property-unitblock-nsw-crows+nest-126537910" target="_blank">50 Falcon Street</a> sold to a local buyer on a yield of 2.6 percent. </div>
<div> </div>
<div>The building comprises four, two-bedroom apartments, each with an accompanying study, laundry, and provides four onsite car spaces with rear lane access.</div>
<div> </div>
<div>The total land size is 518sqm. </div>
<div> </div>
<div>The property will also benefit from the future Crows Nest metro station, which will be situated within 600 metres of the site. </div>
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Unit block in Sydney's Crows Nest sells for $4.3 million 

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<p>The freehold site of Darlinghurst’s Victoria Road institution, the Tropicana Caffe has been listed for sale.</p>
<p>It has been listed by the long-time owners Sergio Tezzo and George Semaan.</p>
<p>Tonci Farac, the former creator and owner of the Wildfire Restaurant in Circular Quay, and manager Duncan Thompson, have recently taken a 10-year lease on the site, with options extending to 2047.</p>
<p>LJ Hooker Commercial Sydney’s Steven Kruyer and James Griffiths <a href="https://sydney.ljhcommercial.com.au/retail-in-darlinghurst-nsw-2010-au-cu9hkr?search=%2fsearch%2fcommercial-property-for-sale-in-darlinghurst-nsw-2010-au%2fpage-1%3fsurrounding%3dtrue#.WffEABOCyfQ" target="_blank">have the listing</a> of the 284 square metre dining space, which comes with 110 square metres of storage and two secure car spaces.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/31/Trop2.jpg" alt=""></p>
<p>The lease generates more than $285,000 in annual rent. <span>LJ Hooker Commercial will auction the Tropicana Caffe building on November 30. </span></p>
<p>It has been on the foodie scene for almost four decades.</p>
<p>The new tenants have advised they did not intend to rebrand or dramatically reinvent the Tropicana.</p>
<p> </p>
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Freehold site of Darlinghurst's Tropicana Caffe for sale

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<div>Hewlett Packard's Rhodes campus in Sydney and Forest Hill campus in Melbourne have been listed for sale, as the leading computer maker looks to cash in on valuable real estate.</div>
<div> </div>
<div>At the 3.43ha Rhodes site, HPE is seeking to partner with an Australian developer to rezone the property and improve the site's development potential and value.</div>
<div> </div>
<div>Overall, the two sites could be worth $180 million, according to the Australian Financial Review. </div>
<div> </div>
<div>The Rhodes property, situated at 410 Concord Road, currently has a B7 Business Park zoning and very limited site coverage, with HPE’s headquarters totaling just 18,000sqm (representing just one-third of the site).</div>
<div>  </div>
<div>In Melbourne, HPE's 5.7ha site at <a href="https://www.realestate.com.au/property/353-383-burwood-hwy-forest-hill-vic-3131" target="_blank">353-383 Burwood Highway</a> (picture above) is being offered for an outright sale.</div>
<div>
<div> </div>
<div>The zoning already allows for a mixed-use development. </div>
<div> </div>
<div>However, the group will also seek to take a partial leaseback over the existing office building on the site, which has a net lettable area of 9,523 sqm.</div>
<div> </div>
<div>HP has appointed CBRE to market the sites. </div>
<div> </div>
<div>Offers close November 30.</div>
</div>
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Hewlett Packard sites listed in Sydney and Melbourne

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<p>An industrial style office in Melbourne’s Richmond has been put on the market, and is suited both to the investor or the owner occupier with potential for further development.</p>
<p>The <a href="https://www.realcommercial.com.au/property-offices-vic-richmond-502208006" target="_blank">29-31 Butler Street</a> property has a land area of 480 sum and a net lettable area of 470 sqm.</p>
<p>It is close to public transport and the restaurant district of Victoria Street. </p>
<p>The property features a flexible open plan space, polished concrete floor and high ceilings.</p>
<p>It is zoned Commercial 2 and the property is on two titles.</p>
<p>The property was last sold for $2.2 million in 2016.</p>
<p>There has been no asking price disclosure.</p>
<p>The listing agent is Gordon Kelly of Kelly &amp; Kelly Property.</p>
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Richmond industrial-style office property for sale 

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<p>A two level North Adelaide heritage building has been listed for sale at $2.6 million.</p>
<p>Located at <a href="https://www.realcommercial.com.au/property-retail-sa-north+adelaide-502474278" target="_blank">107-109 O’Connell Street</a>, the 528 sqm property previously operated as a bar named ‘The Banque’.</p>
<p>It features front, side and rear balconies and is ideal for café, retail, offices and possible upstairs residence.</p>
<p>There are also seven spacious rooms available with off-street car parking. It last traded in 2006 at $1.65 million, and at $1.1 million in 2001.</p>
<p>It is offered through McGees Property agents Simon Lambert and Rory Butterworth.</p>
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North Adelaide heritage retail building listed for sale

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<p>A five acre resort, Riverglen Chalets, on the north western fringe of the Margaret River townsite has sold for about $3 million.</p>
<p>Nestled amongst huge karri, marri, jarrah and peppermint trees, the <a href="https://www.margaretriverrealestate.com.au/buy-commercial-real-estate/hotel-leisure-27-carters-road-margaret-river-wa-41049132195" target="_blank">27 Carters Road, Margaret River</a> property comprises of 14 timber chalets with private verandahs.</p>
<p>It is close to the town centre, supermarkets, cafes and restaurants.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/24/Chalet2.jpg" alt=""></p>
<p>Also located on site is a full sized home which provides residence for management, a 10m x 6m shed and a separate function room with bar, barbeque facilities, games and activity equipment.</p>
<p>The site has the potential for increasing the chalets to 20-25 units.</p>
<p>The asset generates a steady returns.</p>
<p>It was sold by Barry Granville of First National.</p>
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