ASX-listed community-based healthcare provider Zenitas has signed a five-year lease for 1600sq m of office space at 417 St Kilda Road. Zenitas is relocating to level 9 and part of level 4 of the A-grade building from a nearby B-grade building. It is understood the net annual rent of the lease is around $400 a square metre. CBRE’s Anthony Park closed the deal.
August 1, 2018
Victorian public health service provider Melbourne Health has secured a brand-new 1188 square metre office building in Mill Park, 20 kilometres northeast of Melbourne, for its business. Melbourne Health struck a 15-year lease with five-year options for the property at 14D Oleander Drive at a net annual rent of $409,860. The group will undertake their own fit-out at the two-level building with 22 car spaces. CVA’s John Star brokered the deal.
July 31, 2018
A private local developer has purchased a 734sq m development site fit for a 30-room new generation boarding house at 17 Arthur Street, Punchbowl, in western Sydney for $2.6 million. Knight Frank’s Terry Hassan and Anthony Pirrottina sold the property.
May 22, 2018
Estia has leased a 538 sq m office suite from Far East Organization on part level 9 at 227 Elizabeth Street in the Sydney CBD paying a gross annual rent of $850 a square metre. Colliers International’s Jock Gilchrist and Tom Buxton worked on the five-year lease with WSP’s John Siciliano. Kernel’s Giles Knapman represented Estia Health.
May 3, 2018
Private owners have exchanged a newly completed medical centre at 373 Warnbro Sound Avenue, Port Kennedy in WA for $2.9 million at a 6.22 per cent yield. Vend Property’s Jeff Klopper sold the architecturally designed, one-storey building for a private owner.
April 13, 2018
Two medical centres in St Albans and Sunshine West in Melbourne sold at auction for a total of $3.365 million. The Melbourne IVF tenanted 150sq m property at 192 Furlong Road, St Albans, sold for just over $2 million at a yield of 2.48 per cent. The vacant 198sq m Sunshine West property at 103 Glengala Road sold for $1.35 million. Owner-occupiers bought both properties. Savills Australia’s Mark Stafford, Jesse Radisich and Nick Peden acted on the scale.
March 20, 2018
A Hong Kong buyer has snapped up a medical clinic at 1-11 Dunnings Road, Point Cook in Melbourne’s west for $9.3 million on a yield of 4.89 per cent. The centre, approved for 25 medical practitioners on a corner 5332sq m site, has 80 car spaces. CBRE’s Sandro Peluso, Josh Twelftree, Kinson Wong and Bianca Butterworth sold the property for local pharmacists Tony Maher and Ashim Marfatia.
March 20, 2018
The Legacy Club of Cairns will sell its unit complex in Rowe and Barr streets, Earlville to fund future projects. Treasurer David Smith said the sale would mean a “much better use of resources, benefiting all beneficiaries of Cairns Legacy for many years to come in terms of its support programs throughout Far North Queensland”. Cairns Legacy built the complex and has maintained the 18 fully self-contained units for more than 20 years and will help resettle residents and their families into suitable alternative accommodation over the next two years. Cairns Legacy will lease the building after sale until 2020. Colliers International agent Jay Beattie has called for expressions of interest in the property.
