Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

<main data-perf-region="main">
Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Commercial Auction

<html><body>
A Victorian warehouse is soon to go under the hammer through Colliers International.
The <a href="https://www.realestate.com.au/property/79-83-abercrombie-st-chippendale-nsw-2008" target="_blank">79-83 Abercrombie Street</a> property in Chippendale is a three-story warehouse. 
The inner-city suburb of Chippendale is witnessing a growing trend with its industrial buildings being brought back to life. Old warehouses are being converted for creative commercial use, student accommodation and residential, leveraging off the increased expenditure from institutions such as UTS, Sydney University and Notre Dame, noted Colliers.
The listing agents are Miron Solomons and Matt Pontey of Colliers International.
The Abercrombie Street property has a colourful history, previously housing  J.C. Goodwin &amp; Co, glass importers, bevellers and silverers who were first established in the area in 1875. 
“The firm started at 79-83 Abercrombie Street and by the 1930’s had expanded to four factories in Myrtle Street. The building to this day, retains its local significance with the facade emblazoned with the company’s name,” said Miron Solomons.
The property was recently restored and sits on 393 sqm of land on the corner of Abercrombie Street and Myrtle Street. 
Boasting high ceilings and exposed timbers, the building is a throwback to Chippendale’s past.
The influx of new mixed use project in the nearby Central Park development has seen an increasing push in the surrounding area for Chippendale’s industrial warehouse past to be transformed to alternate uses.
“Chippendale is now at the forefront of being Sydney’s SOHO, south of the Sydney CBD this suburb is on the path to being one of Sydney’s most hotly contested locations,” said Matt Pontey.
“79-83 Abercrombie Street exudes New York loft style with exposed timber beams and an enviable ceiling height, abundant parking and loading dock, the building is a special piece of history that should not be overlooked.”
He said Colliers was witnessing a huge demand in the city fringe for creative office space conversions, as emphasized by the recent purchase of a Chippendale warehouse at 14-16 Buckland Street for $11.25m to UTS.
The property sold in 2001 for $2,120,000, according to CoreLogic data. 
</body></html>

jonathanchancellor-7SQnKwU6yx

Period warehouse in Sydney's Chippendale up for auction 

<html><body>
A freehold building on Sydney’s Bondi Beach is set to go under the hammer on August 17, making it the third iconic site on the famous beachfront to go to the market in the last 12 months. 
The <a href="https://www.domain.com.au/property-profile/134-138-campbell-parade-bondi-beach-nsw-2026" target="_blank">134-138 Campbell Parade</a> property earns a net income of more than $500,000 per annum.
Listing agent Miron Solomons of Colliers International, who is marketing the property along with and Matt Pontey, said they were expecting this to be the “biggest auction of the year – there will be some serious heavy hitters present”. 
Market chatter suggests price expectations of about $20 million.
This sale comes to market following two highly successful campaigns of neighbouring assets; Bates Milk Bar at 124 Campbell Parade in September 2016, and 128-132 Campbell Parade in May this year, with the latter breaking the Australian record for the highest price paid per metre for land, according to a media release from Colliers.
The 1951 Bates Milk Bar, one of Bondi Beach's most iconic retail premises, sold for $19.12 million last year to developers of the Pacific Bondi, Rebel Property Group's Allen Linz, Capit.el Group's Eduard Litver along with Gil Baron.
The milk bar was known for its choc-malt milkshakes until its closure in 2001.
“It’s a once in a lifetime opportunity – three buildings in this location, on the Bondi beach front with uninterrupted views – coming to market within 12 months is unheard of. These assets are typically held by local families for 50-60 years each,” added Solomons.
There are also two retail tenancies currently within the building. The current ground floor tenants are Ben and Jerry’s and Ezymart in addition to eight residential units above, said Pontey, adding that they were expecting keen interest from developers and investors due to the flexible mixed use zoning.
“These are solid, diverse income streams with significant development potential that are attracting international interest.”
Solomons says the interest in the past two Bondi sites indicates there is still plenty of appetite for Sydney’s top end ‘trophy’ market.
“Any talk in the media of a downturn in the market has not jilted the momentum for the last two campaigns – we aren’t seeing any negative effects in the trophy, high-end of the market.” 
</body></html>

Bondi commercial beachfront property hits the market: Colliers

<html><body>
A former Salvation Army site in Melbourne’s northern suburb of Glenroy has sold at auction for $1,705,000, well above expectations.
The property at <a href="https://www.realestate.com.au/sold/property-residential+land-vic-glenroy-201806918" target="_blank">132-134 Cardinal Road</a> comprises a solid brick building with frontage to Cardinal Road.
The 1,393 sqm site is located within a favourable Neighbourhood Residential Zone.
The buyer was an interstate owner occupier and the selling price translated to a land rate of $1,223.97 sqm and building rate of $3,486 sqm. 
The selling agent was Anthony Carbone of CVA.
</body></html>

Former Salvation Army site in Melbourne's Glenroy fetches $1.7 million at auction 

<html><body>
A modern three level retail and residential complex with basement parking in Melbourne's Bayside is on the market through Teska Carson with price expectations above $2 million.
The property, 10 Church Street, is on the south west corner of St Andrews Street and comprises a 122 square metre retail space and five car spaces.
It is sold subject to a brand new eight year lease to global hair salon chain Toni &amp; Guy with a five year option. The hairdresser has leased the premises since 2003, at $95,245 per annum plus GST and outgoings.
The property will be auctioned on Wednesday, July 19, at 1pm on site, and is expected to fetch more than $2 million.
Michael Ludski, Teska Carson marketing agent, said the property represents an excellent investment opportunity in a prime retail precinct with exceptional growth potential.
"In recent years Brighton has emerged as one of the most sought after bayside residential locations with a multitude of developments taking place further enhancing the area’s strong retail and entertainment prospects," he said.
"Church Street, in particular, is renowned Australia wide for its broad cross section of retail offering and its intimate and cosmopolitan village atmosphere which attracts a large volume of visitors annually.
"The list of national retailers including Country Road, Witchery, Sportsgirl, Coles, Woolworths, CBA and ANZ, as well as Palace Cinemas, underlines just how well regarded this retail/commercial precinct has become."
</body></html>

Bayside Melbourne shop with lease to Toni & Guy on the market

<html><body><div class="page" title="Page 4">
<div class="layoutArea">
<div class="column">
A North Bondi retail and residential block is on the market to help fund a hotel development in Melbourne.
The property, 50 Blair St North Bondi, is owned by Melbourne’s coffee king Salvatore Malatesta and is on the market through CBRE agents Gemma Isgro, Michael Khouri and Nicholas Heaton.
The property features four one bedroom apartments, two car spaces, a retail tenant on a five year lease with options until 2031 and a net passing income of $148,428.64 per annum.
The property is up for auction Tuesday, 1 August 2017 at 10.30am AEST at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney.
 
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

North Bondi retail and residential block on the market

<html><body>
Two corner retail assets at the Paris End of the Melbourne CBD have sold under the hammer to two separate foreign buyers last week, underpinning the demand for central-city trophy assets.
The ground and basement levels of 118 Russell Street are leased and fetched $4.95 million combined, according to Colliers International, which handled the auction campaign.
Award-winning bakery café Brioche By Philip occupies the ground-level tenancy of the iconic Fender Katsilidis-designed Hero building, while pilates and barre gym S3 Studio occupies the basement. 
The selling agents were Colliers International’s Oliver Hay, David Sia and Daniel Wolman.
“At the Paris End of the CBD on a highly visible corner, they are considered real trophy investments. It is becoming increasingly evident that the market is prepared to compromise on yield for the enjoyment and status of a premium CBD asset,” said Hay.
A Chinese investor won the basement level for $3.2 million, setting a record yield of 5.12 percent for basement strata retail assets in the city, according to a media release. 
The ground floor was secured by an offshore investor for $1.75 million resulting in a yield of 3.56 percent. 
Hay said both floors had high-quality fitouts, which would provide the buyers with long-term depreciation tax benefits.
“With the tenancies taking a combined rent total of $226,167 per annum, plus GST and outgoings, the return on investment is unquestionable,” he said.
Brioche By Philip, which has won awards for the best bakery and best sourdough bread in Melbourne, has committed to seven years while S3 Studio has signed a three-year lease, starting in 2015 with three further options to renew.
Sia said the location, within “a stone’s throw” of Melbourne landmarks like Chinatown, high-end Collins Street boutiques and popular bars and eateries, was the key selling point.
 
</body></html>

Retail assets at Paris End of Melbourne’s CBD fetch $4.95 million at auction

<html><body>
A retail and residential property at Camberwell in Melbourne’s inner east has sold for $1.31 million at auction. 
The <a href="https://www.realcommercial.com.au/property-retail-vic-camberwell-502351846" target="_blank">539 Burke Road</a> property sold well over the vendor’s reserve, said selling agents Fergus Evans and Adrian Boutsakis of Teska Carson.
“This was a property located in a tightly held strip with a low vacancy rate in an area with strong growth potential,” said Evans.
An owner-occupier bought the property with vacant possession. 
The property comprises a solid brick, two-level shop and dwelling of 221 sqm on a 232 square metre site with frontage to Burke Road and rear laneway access. 
</body></html>

Shop and home in Melbourne’s Camberwell fetches $1.3 million at auction 

<html><body>
A former motel site in the inner western Sydney suburb of Haberfield is to be auctioned off on May 31 by Ray White Commercial.
The site at 169-173 Parramatta Road has an approval in place for an aged care facility and can be reused or redevelop, subject to council approval.
It has land area of 2,000 sqm with about 30 m of frontage to Parramatta Rd and the building offers a total area of about 2,400 sqm over three levels.
The listing agent is Ray White Commercial’s Tim Morrison.
“This landmark site is strategically located approximately 6.5km from the Sydney CBD with easy access to surrounding arterials including Victoria Road and The City West Link,” he said.
Morrison added that the basement and onsite parking appeals to an owner-occupier and at the same time has attracted interest from motel and other accommodation providers.
</body></html>

Former motel site in Sydney’s Haberfield up for auction

<html><body>
A prominent motor dealership in Tweed Heads town centre precinct is being offered at auction on June 14.
The 153 Wharf Street property offers a high-profile tenant in Sharp Motor Group that sells brands like Kia, Honda, Holden, HSV and Suzuki.
The listing agents are Steve Clark and Kyle Youngson of Colliers International. 
Youngson said the property was developed in 2004 by Expo Park Properties linked to Warren von Bibra, who operated the dealership as von Bibra Twin Towns Auto Village, prior to Sharp Motor Group taking over the business in 2011.
Warren von Bibra is a well-known figure in car dealerships. 
“It’s in the bustling heart of the Tweed Heads commercial and retail precinct,” Youngson said of the location.
The property is surrounded by the Tweed Mall, Tweed Heads Public Hospital and Twin Towns RSL Club.
Local and state government statistics showed over 26,000 cars use Wharf Street daily, added Clark.
He said population growth in Tweed Heads Shire was projected to grow from the 2017 forecast of 92,000 to over 125,000 in 2036.
“That’s a 36 per cent population increase just in the Tweed Shire alone,” he said.
“We expect strong interest given continued tightening yields in the southern markets and a strong appetite for automotive investments, especially with future development upside.” 
Sharp Motor Group has taken on a new eight-year lease plus options. The property returns about  $708,000 net pa after outgoings. 
The property has about 3,919 sqm of building and sits on a 9,880 sqm parcel of land combining new and used sales showroom, offices, servicing workshop, vehicle display yard and rooftop parking area. 
There is future development potential as well, due to the B4 Mixed Use zoning, which allows for a mixed use high-rise. 
“That could translate into a mixed-use development with street-level retail and commercial outlets topped by residential development,” he said.
 
</body></html>

Motor dealership in Tweed Heads goes to auction

<html><body>
An office suite in Sydney with Harbourside views is going up for auction on May 23 with price expectations of $4,000,000.
The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-502363286" target="_blank">Suite 12, Level 3 at Walsh Bay, 13 Hickson Road</a>, is securely leased to a government-owned business and ideal as an investment property, according to its description. 
Sitting in the iconic Walsh Bay Piers precinct, the property has classic warehouse features with urban chic appeal. It has a split level configuration with interconnecting stairs.
The total area is about 375 sqm.
The current tenancy expires in November 2019 and comes with fixed 3% annual rental increases. No vacancy for 6.5 consecutive years.
Overlooking the proposed $150 million Arts precinct, the property is surrounded by popular restaurants and bars and is walking distance to Barangaroo and Circular Quay.
The property earns a net rental income of $257,699 per annum with outgoings at $62,108 per annum approx, translating to a net income of $195,591 per annum.
The listing agents are Tim Noonan and Ross Ladd of Noonan Property.
</body></html>

Commercial Auction

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Commercial Auction

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News