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

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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.

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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 Listing

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Pakenham Racing Club has listed the freehold investment of its popular Cardinia Club for sale with an $18 million plus price guide.
CBRE Hotels’ Scott Callow and Will Connolly have been appointed to market the well-established gaming and hospitality venue at 71 Racecourse Road, Pakenham.
It is underpinned by an initial 14-year lease, plus options, to Pakenham Racing Club.
The Club is situated on a 1.655ha landholding.
IT comprises 105 EGM’s, a popular bistro and dining facility, function rooms, sports bar and liquor licence for 425 patrons. 
Pakenham Racing Club recently sold an adjoining site for the development of a large accommodation motel which, once complete, will further generate demand for the Club facilities.
 <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/2018/5/18/PRINT_img-1750.jpg" alt="">
Mr Callow said the Club is anticipated to attract substantial interest from investors looking to capitalise on the lucrative gaming industry in Pakenham.
“The outstanding 15-year lease to the long-established Pakenham Racing Club offers the long-term prospect of strong annual growth and net returns,” Mr Callow said. 
Michael Hodge, the Chief Executive Officer of the Pakenham Racing Club, said offers close June 14 2018 at 4pm (AEST).
 
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Pakenham Racing Club lists Cardinia Club

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A wedding and function centre plus home on Tamborine Mountain, Queensland, has been listed for sale at $2.45 million.
It was listed by Michael Kingsnorth and Tamara Athique from Professionals. 
Prominent corner site spreading over two acres with three titles,<a href="https://www.realestate.com.au/property-house-qld-tamborine+mountain-128304230" target="_blank"> the 216-226 Long Road property</a> comprises the Old Church, reception/function centre/restaurant, and Curtis house. 
<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/2018/5/30/TAMBORINE%20MOUNTAIN%202.jpg" alt="">
The 100-year-old church situated on a separate title with 1,516 square metres of land holds up to 90 guests with 60 seated and comes with gardens and grassed area.
It has been providing five-star weddings and functions for the last 25 years.
Positioned on a 954 square metre title, the restaurant caters for up to 110 guests with a fully licensed bar and commercial kitchen. 
The Curtis house comes with six bedrooms, two kitchens, two bathrooms and separate self-contained cottage. 
<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/2018/5/30/TAMBORINE%20MOUNTAIN%203.jpg" alt="">
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Century old Tamborine Mountain wedding centre looking for eligible buyer

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A securely leased investment property with development upside has been listed at Hawthorn East in Melbourne’s inner-eastern suburbs.
The property will be auctioned May 30 through Teska Carson.
Located at 9 Mayston Street, on the northern side of the street near the intersection of Camberwell Road, the property comprises a 470 square metre single level warehouse/office/showroom premises.
It comes with rear roller door access to Gillman Street.
The 562 square metre site has 11 metres street frontage, zoned Commercial 1 under the City of Boroondara planning scheme.
The property is situated within a tightly held precinct within close proximity of Burke Road, Camberwell shops, Swinburne University and Burwood Road retail, featuring a wide range of industrial and office buildings, retail boutiques and restaurants as well as access to ample on and off-street parking.
Teska Carson’s Richard Munday and Michael Taylor indicated the property is currently leased to long standing tenant, Ultra Tune, at a current rental of $90,000 per annum plus outgoings and GST on a five year term with two, five year options and annual 4% increases.
"This property ticks all the boxes for small investors and SMSFs,’’ Munday said.
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Hawthorn Ultra Tune set for May auction

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The Darlinghurst Road home of 4 Seasons Chicken Spot in the heart of Kings Cross has been listed for sale.
The Minton House chicken shop, which has a long-term tenancy on the property, has been run by a family business for over 20 years.
They have a three year lease of the 66 sqm space at <a href="https://www.propertyobserver.com.au/Barcaldine%20House,%20Musk%20vineyard%20listed%20with%20%241.5%20million%20hopes" target="_blank">shop 5/80 Darlinghurst Road</a> until February 2020, with two additional three-year options. It has a net annual income over just over $117,000.
Knight Frank's Daniel Courtnall and Andy Hu are marketing the property for a March 20 auction.
Courtnall said the property is an excellent long-term investment.
“Kings Cross is one of Sydney’s most sought-after suburbs and property values have skyrocketed in recent years.
"With significant developments planned for the area and the number of residents expected to increase, the value of this property will only increase in the long term. 
“This really is an incredible opportunity to purchase one of Sydney’s most recognisable venues.
"Anyone who’s lived in Sydney knows 4 Seasons Chicken Spot. Just metres from the Coke sign, on the corner of Darlinghurst and Bayswater roads, it’s impossible to miss and is well regarded by tourists and locals alike.”
Andy Hu said the property will benefit from the ongoing gentrification of Kings Cross.
“Kings Cross has recently undergone significant gentrification and will continue to do so over the coming years. 
"What was once known as a late-night party strip is now being transformed into an inner-city precinct filled with upscale restaurants and luxury apartments.”
 
 
  
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Sydney chicken shop in Kings Cross hits the market

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A piece of Tasmanian history that pre-dates the historic Port Arthur has been listed for sale.
The publicly-owned Willow Court compound near Hobart sits on 2,900 sqm and comprises a number of buildings and gardens.
It is the centrepiece of the Royal Derwent Hospital which was decommissioned in 2000. It was Australia's longest-operating mental health facility.
LJ Hooker Commercial Hobart agent Mark Devine is listening to expressions of interest until April 20. Devine said the property will need to be renovated, but has high hopes of it achieving national recognition.
<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/2018/2/28/Willow%20Court_4%20copy.jpg" alt="">
“Willow Court was closed in 2000, so while significant refurbishment is needed, the stately facades and internal character will appeal to developers who can recognise a unique opportunity in an emerging tourist market.
“Willow Court has the fundamentals to join Port Arthur, Constitution Dock, MONA and other sites on the growing list of internationally recognised tourism hubs in Tasmania."
The property, expected to be sought after by developers, already has a commercial aspect.
The Argrarian Kitchen opened less than a year ago and has been on the radar of foodies since it was awarded two Hats by the national Good Food Guide.
<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/2018/2/28/agarian.jpg" alt="">
“The Agrarian Kitchen has done a tremendous job in showcasing the quality produce of the Derwent Valley,” Devine said.
“Its success has convinced Council to pursue complementary uses for the site, with particular interests in artisan retail, community and tourism amenities.
  
 
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Australia's longest running mental health facility listed in Tassie

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The sale of a fully-leased Cremorne office building will test the market as yields plummet in the wake of a new stock shortage driving increased investor competition for every available asset, according to Teska Carson Director, Adrian Boutsakis.  
The near new, 2015 built property at <a href="https://www.realcommercial.com.au/property-offices-vic-richmond-502625670" target="_blank">44 Gwynne Street</a> is expected to fetch north of $7.5 million.
The office block has 1000 square metres of office space over five levels and 14 secure carparks on a 326 square metre site.
It is fully leased to three tenants returning $431,882 per annum plus outgoings and GST. 
Boutsakis, who is marketing the building with Matthew Feld, said the very strong tenant demand for city fringe office space around Cremorne and Richmond had intensified the interest of investors despite some of the lowest yields on record.
"The level of demand for office space in Richmond and Cremorne is higher than at any time since the GFC and arguably the strongest it has ever been," Boutaskis said.
"That’s particularly the case for new office buildings and fully-leased buildings and why we may well see a benchmark result for this property,’’ Boutsakis said.
Feld said yields in Richmond and Cremorne had continued to tighten over the last 12 months to around 5.75 per cent, but with vacancy at 2 per cent or lower and an extreme shortage of properties available for purchase at a time that demand remains at an historical high, recent transactions had fallen below that mark.
"This is Melbourne’s hottest city fringe market and recent sales bear that out with several properties having sold well below 5.75 per cent and one selling below an extraordinary 4 per cent.
"It is really vendor’s heaven at the moment,’’ Feld said.    
 
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Cremorne office to test yields in hot market               

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The heritage-listed Cygnet Theatre, located in the southern Perth suburb of Como, has been listed for sale for the first time.
The historic 1938-built cinema and coffee shop comes with a day spa.
It is expected to fetch more than $10 million.
Originally named The Como Theatre, it was designed by William Leighton for cinema pioneer James Stiles.
The art deco-style theatre is on the state’s Heritage Register.
<img class="size-full wp-image-47341 aligncenter" src="https://www.commercialrealestate.com.au/news/wp-content/uploads/2017/11/cygnettheatre2.jpg" alt="The theatre is one of the most intact examples of art deco cinemas in the city. Photo: Supplied" width="1000" height="667">
The theatre is one of the most intact art deco cinemas in Australia.
The Como Theatre was renamed the Cygnet Theatre in 1968.
In 2013 the theatre got a $100,000 State Government heritage grant used to upgrade wiring and to install a digital projector.
The site is being sold by Mr Stiles’ son through Rob Selid of Burgess Rawson and Bryan Cousins of Allied Property Consultant.
The site is leased on a monthly basis as a single screen cinema as part of the Grand Cinemas franchise.
Offers on the property at 12-16 Preston Street close November 22.
 
 
 
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Art Deco Perth cinema for sale for first time

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Inner Sydney's historic three storey Victorian Flemish style building in Newtown, The Trocadero, is on the market through Colliers International and Kellys Commercial Group.
The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-newtown-502556094" target="_blank">69-77 King Street</a> features 1,700 sqm of internal space on a land parcel of 1,108 sqm. Tenants include CanTeen.
James Cowan, Executive Investment Services at Colliers International said recent comparable sales in the area suggest the market price to be well above $10 million.
“This building is a rare opportunity to acquire a community landmark in a tightly held precinct, nearby to what is becoming Australia’s central Education and cultural Hub,” he said.
“The property certainly falls within the trophy asset category, originally being built in the late 1880’s as a roller skating rink and since that time has contributed greatly to the nineteenth century streetscape of King Street, Newtown, being one of the most elaborate facades on the street.
“The added benefit of this property, and what makes it unique, is the versatility in occupation and generous returns it offers. We are expecting an excellent result for the vendors, who have held the title to the property since the mid 1980’s’.
Matthew Meynell, head of Investment Services, Australia for Colliers International, said they are witnessing 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.
“We expect to see high net worth individuals, property syndicates and institutions continue to seek out land banking opportunities such as that of 69-77 King Street, Newtown to future proof their land area and enjoy the benefits the inner west and city fringe has to offer."
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The Trocadero historic trophy heritage building for sale in Newtown

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A Georgian style building built in 1842 is up for lease in Sydney's CBD through Tom Buxton of Colliers International.
The three story building, <a href="https://www.commercialrealestate.com.au/property/171-173-macquarie-street-sydney-nsw-2000-11300593" target="_blank">171-173 Macquarie Street</a> has just undergone a full refurbishment has just been completed with new services and bathrooms. 
Naming and signage rights are available (subject to council approval).
Horbury House is a combined pair of 3 storey terraces with a basement, originally part of a terrace of seven residences extending from the corner, and part of a continuous streetscape of terraces. 
They are the last residential terraces in Macquarie Street (apart from No. 145) and are located between a 1970s office development and a 1940s office building. 
Only the facade and some roof framing survive from the 1842 building constructed for Ousley Condell.
It was named after Horbury, an area in England.
From the 1890's its access to Sydney Hospital made the terrace an ideal site for surgeon's professional rooms. More recently, as the medical character of the street changed, it has been used as company offices.
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Historic Macquarie Street building for lease

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A freestanding two-level building in leafy Lygon Street on the edge of the Melbourne CBD remains listed for sale.
The <a href="https://www.realcommercial.com.au/property-retail-vic-carlton-502417766" target="_blank">232 Lygon Street</a> property is being offered with vacant possession through commercial real estate firm CBRE after last month's sale failed to yield a buyer.
Lygon Street is also a synonym for ‘Little Italy’, where Melbourne's cafe culture was born.
The 245 sqm landholding has further development potential subject to council approval.
The property is surrounded by some of Melbourne’s best eateries and there are plenty of boutique retailers.
According to the description, the street offers 7 day/24 hour trading conditions due to high volumes of pedestrian traffic driven by shoppers, tourists and students.
The listing agents are Sandro Peluso, Rorey James and Nic Hage of CBRE.
Its previous sale price was $495,000 in 1985, according to CoreLogic RP Data.
A recent sale in the tightly held precinct were two freestanding corner adjoining buildings at <a href="https://www.realcommercial.com.au/property-retail-vic-carlton-501668953" target="_blank">242 Lygon Street</a>.
The deal value was in 2015 at $6.32 million through Colliers International.
 <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/2017/07/10/July12CommPropLygonSt1.jpg" alt="">
The property is fully leased to Stotts College at a net rent of $338,000 pa plus GST.
The lease is for five years with options for two further extensions and fixed 4% annual increases.
Last year, a retail space at <a href="https://www.realcommercial.com.au/property-retail-vic-carlton-501937130" target="_blank">265 Lygon Street</a> sold for $3.96 million, according to CoreLogic RP Data.
The shop was on a six-year lease providing an annual income of $148,567 plus GST and fixed annual rental increases.
<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/2017/07/10/LygonSt2.jpg" alt="">
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